QIIB Rating Affirmation by Fitch Driven By 1H 2021 Performance Results

Fitch Ratings (Fitch) has affirmed the rating of Qatar-based Qatar International Islamic Bank (QIIB) at ‘A’ with a Stable Outlook. This rating affirmation is led by QIIB’s results and performance during the first half of 2021 (1H 2021).

Rating Rationale

According to a Fitch report, QIIB’s rating is driven by the assured probability of government support if and when required, in addition to the government’s solid capacity and solvency that makes it eligible to provide needed support. Fitch also noted QIIB’s sound asset quality, strong profitability, stable financing and liquidity, as well as adequate seed capital.

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