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.