QIIBQatar International Islamic Bank
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Fitch has given no consideration to any underlying assets or any collateral provided, as we believe that the issuer's ability to satisfy payments due on the certificates will ultimately depend on QIIB satisfying its unsecured payment obligations to the issuer under the transaction documents described in the prospectus.
Moodys decision to affirm the ratings of QIIB reflects the resilience in the banks financial performance underpinned by continued strong asset quality and capital buffers
By migrating to PRIME, QIIB will be able to improve operational efficiencies across its business, enabling it to better grow its current market offerings, covering Sharia-compliant revolving, debit and prepaid card products with EMV and contactless support, in addition to supporting eCommerce issuing with its integrated next generation TSYS InterActivSM technology.
Qatar's QIIB has received the 'QDB Al-Dhameen Best Partner Bank Award' for the most important local banks that support Qatar Development Bank's (QDB's) Al-Dhameen programme, the Peninsula reported online.
The systems were designed to better cater to the needs of QIIB, by offering improved performance and increased functionality and efficiency to all end users.
Moody's assigned a new Counterparty Risk Assessment of A1 to QIIB.
The offer from MAR, which was first mooted in October 2012 when the previous offer from IBB's majority shareholder Qatar International Islamic Bank (QIIB) lapsed, has support in the form of irrevocable undertakings to accept the offer from QIIB and other shareholders who hold 95 per cent of IBB's shares.
QIIB was also recognised for its steady progress in the face of stiff competition from rival Islamic banks in Qatar including Qatar Islamic Bank, Al Rayan and Barwa Bank.
The high-level delegation accompanying Sheikh Khalid, including QIIB chief executive officer, Abdulbasit al-Shaibei, also met senior Moroccan officials, members of the royal family and leaders of the business community.
Al - Jamal has been with the Internal Audit Department at Qatar Central Bank, before joining QIIB in 1997.
Last year, QIIB had already moved to raise its stake in IBB to 81 per cent.
Qatar International Islamic Bank (DOH:QIIK), or QIIB, owner of 80.