QIIB Announce Court Ruling on QR 1 Million Penalty

February 01, 2017

Qatar International Islamic Bank (QIIB) announced the ruling of the court passed on 31/01/2016 regarding the lawsuit N 2663 of 2016 filed by QIIB against the Minister of Economy and Commerce, whereby it requested the invalidation of the decision of the Companies Control Department Manager made on 23/02/2016, calling for a financial penalty worth QR1 million against the bank. The court dismissed the decision N (1) of 2016 made on 23/02/2016 by the manager of Companies Control Department at the Ministry of Economy and Trade.