MOODY’S AFFIRMS QIIB RATING
Stressing on Qatar International Islamic Bank's (QIIB) high-quality financing portfolio, among other credentials, Moody's affirmed QIIB's rating at ‘ A2' with a ‘stable' outlook this month. Being among the oldest Islamic banks in Qatar and providing outstanding services in retail banking went in the bank's favour. The bank also has high- quality assets that exceed $11 billion (QR40 billion), along with strong capital and profitability, and maintains good liquidity.
“We are pleased to maintain strong indicators despite the latest economic developments that are related to oil prices and global market prices. This proves that the Qatari economy is strong and has all the fundamentals that can help it achieve more success. We at QIIB are part of this success and we rely on our position in the county's strong economy as well as on the growth factors available therein,” said Sheikh Khalid bin Thani bin Abdullah Al Thani, Chairman and Managing Director, QIIB.