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QIB meaning in Banking ? |
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Answer» What is Qatar Islamic Bank mean? Qatar Islamic Bank (Q.P.S.C) was established in 1982 as the first Islamic financial institution in Qatar. Its products and operations are supervised by a Shari’a board, which ensures the Bank adheres to Islamic banking and finance principles. It is the country's largest Shari’a-compliant lender. As of 2019, QIB was the largest Islamic Bank in Qatar, with a 43% share of the Islamic sector and an 11% share of the banking market overall. It has over 170,000 retail clients and more than 3,000 corporate clients. It conducts its domestic business through 31 branches spread throughout the country, in addition to private centers for ladies and dedicated lounges for affluent customers, augmented by more than 175 multi-function ATM installations. reference |
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