ID :
373139
Wed, 07/01/2015 - 22:58
Auther :

QIB Raises QR 2 Billion Sukuk

Doha, July 01 (QNA) - Qatar Islamic Bank (QIB) announced that it has raised QR 2 billion in Basel III compliant Additional Tier 1 Perpetual Sukuk to enhance the Bank's capital adequacy ratios and to support future business growth. "The transaction was completed on 30th June 2015," said a QIB statement posted today on Qatar Stock Exchange website. QIB was founded in 1982, becoming the country's first Islamic financial institution and Sharia'-compliant bank. Its products and operations are supervised by a Sharia' board, which ensures the Bank adheres to Islamic finance principles. (QNA)

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