QIB Raises $1 Billion Through Syndicated Financing
Qatar Islamic Bank (QIB) announced that it has successfully closed a $1 billion, 3-year Islamic financing deal. The financing, structured as a Murabaha facility, was originally planned at $600 million but was increased due to strong demand. The deal was oversubscribed by more than twice the initial amount.
Strong Market Support
QIB said that 15 regional, Asian, and international banks took part in the syndication, showing strong confidence in the bank. The support helped QIB expand its network of investors and strengthen its global relationships.
Bassel Gamal, Group CEO of QIB, called the deal a “landmark transaction” for the bank.
The financing was managed by QIB’s Wholesale Banking Group, with HSBC Bank Middle East, SMBC Bank International, and Standard Chartered as lead arrangers. HSBC Saudi Arabia acted as the Facility Agent.
Recent Sukuk Issuance
In September 2024, QIB also issued a $750 million Sukuk (Islamic bond) with a five-year maturity and a 4.485% profit rate. The issue was very popular with investors, receiving $1.8 billion in demand.
Several global and regional banks, including Dukhan Bank, Emirates NBD Capital, HSBC, and Standard Chartered, worked as lead managers for the Sukuk issuance.
About QIB
Founded in 1982 as Qatar’s first Islamic bank, QIB now operates 21 branches in Qatar and one in Sudan. Its largest shareholder is Qatar Holding, part of the Qatar Investment Authority, with a 16.87% stake.
Published: 25th August 2025
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