Qatar Islamic Bank Received the Preliminary QFMA Approval to Perform Financial Services

October 17, 2019

Qatar Islamic Bank (QIB) has received the preliminary approval from Qatar Financial Markets Authority (QFMA) to perform financial services activities. Preliminary approval has been granted after the Bank has received a non-objection from Qatar Central Bank. The Bank will conduct these activities through a new wholly owned subsidiary, which is under establishment. All regulatory and operational requirements are being finalized in order to obtain final approvals and licenses.