QIIB Has U.S.$ 2,000,000,000 Sukuk Programme Approved By The UK Financial Conduct Authority

October 11, 2017

Qatar International Islamic Bank (QIIB) has established a U.S.$ 2,000,000,000 Trust Certificate Issuance Programme (the Programme). 

The Programme has been approved by the UK Financial Conduct Authority (the FCA) and is expected to be admitted to the official list of the FCA and the London Stock Exchange within the following days. The Programme has been assigned a provisional rating of A2 by Moody’s Investors Service Cyprus and expected rating of A by Fitch Ratings.

QIIB was established in 1990 as the second Islamic bank in Qatar and is currently the third largest bank in terms of assets and market capitalization. QIIB started its operations in 1991 and is listed on the Qatar Stock Exchange. The Bank also has regional and international partnerships.