'QIB strategic sponsor for Q-Money'

QIB will have a distinguished stand, which reflects its banking, funding and investment activities on an area of 300 sq m2.

The designed area will include special quarters for international finance houses in which QIB had led and contributed in their establishment.

'QIB is participating as a strategic sponsor for this exhibition being aware of supporting the national economy since the conferences and exhibitions sector had become among other unique features that characterize Qatar's reputation worldwide,' said Mr. Salah Jaidah, QIB Chief Executive Officer.

'Our participation represents us as a leading bank among other national banks. We are eager to be always at the forefront, adapt to the local and international trends and play a constructive role in building the economy of Qatar. An experience of more than 25 years proves how much we had positioned the values of Islamic finance'.

'We expect the exhibition to go along the huge changes in the national economy that has been achieved by the country's execution for mega projects in the oil and gas sector and the aim for diversifying national revenues through the transfer of Qatar as international center for energy, finance and investment, and education'.

Jaidah highlighted how the financial sector in Qatar has been witnessing huge trends in recent years under the umbrella of Qatar Central Bank (QCB) that represents the safe heaven for the sector's growth.

QCB has been executing a set of financial policies that have been going in parallel with the country's ambitions toward building a strong economy, achieving society's welfare and absorbing the needed requirements for globalized financial status.

Islamic finance in Qatar has achieved significant development due to the availability of an open market atmosphere.

Islamic finance market share has increased by the engagement of new banks into the country's sector and the launch of Islamic branches by conventional banks.

Islamic banks have QR41.5bn from the total banks reserves in Qatar with a market share exceeding 17% where QIB takes the lead with 51.4% from the total reserves of Islamic banks in Qatar.