Chairman of QIIB Sheikh Dr. Khalid bin Thani bin Abdullah Al-Thani; Chief Executive Officer of QSE Abdullah Mohammed Al-Ansari; and Chief Executive Officer of QIIB Dr. Abdulbasit Ahmed Al-Shaibei with other officials during the bell-ringing ceremony at QSE headquarters, yesterday.
DOHA: The listing of Qatar International Islamic Bank (QIIB) Sukuk worth QR500m on the Qatar Stock Exchange (QSE) yesterday represents a significant addition to Qatar’s Islamic finance market, contributing to greater market depth and the diversification of Shariah-compliant investment products.
The Sukuk issuance worth QR500m offers an annual return of 4.40% with a three-year maturity. This marks a landmark milestone as the first Islamic Sukuk to be listed in the exchange’s history.
Sheikh Dr. Khalid bin Thani bin Abdullah Al-Thani, Chairman of QIIB, said “We are pleased to celebrate the listing of QIIB Sukuk on QSE, a significant milestone in the bank’s journey to strengthen its presence in local and international financial markets. This listing comes at a time when the Qatari economy continues to demonstrate strong performance and an advanced standing that attracts investors from around the world, reflecting the high level of confidence in the national economy and its financial institutions.”
“The listing of the bank’s Sukuk on QSE provides local and regional investors with access to high-quality financial instruments, enhances liquidity, and contributes to the depth of Qatar’s financial market. This step is aligned with QIIB’s strategy to diversify its activities and further strengthen its financial position both locally and internationally,” Sheikh Dr. Khalid added.
He affirmed that QIIB has achieved accelerated growth and significant performance in recent years, supported by technological advancement, digital transformation, and its strong credit profile. The Bank has maintained an ‘A2’ credit rating from Moody’s and an ‘A’ rating from Fitch Ratings, both with stable outlooks, reflecting the strength of its financial position and the effectiveness of its management, Chairman of QIIB noted.
For his part Abdullah Mohammed Al-Ansari, Chief Executive Officer of QSE said, “This listing will enable issuers to introduce innovative, Shariah-compliant financing products that enhance investor confidence and reinforce Qatar’s position as a regional hub for Shariah-compliant investment. Such products also respond to investor demand for Islamic investment solutions backed by real underlying assets.
“This listing is directly aligned with the Third Financial Sector Strategy, particularly in expanding the range of investment products available in the market and deepening the capital market by increasing its maturity and capacity to accommodate diversified investment instruments that meet the varying needs of investors.”
This achievement reflects the continued development of Qatar’s capital market ecosystem and ongoing efforts to diversify the range of investment instruments available to both local and international investors.
Speaking to The Peninsula Dr. Abdulbasit Ahmed Al-Shaibei, Chief Executive Officer of QIIB said, “This is the first Sukuk that is listed in QSE. We as QIIB issued and listed many different Sukuks, we were the first Islamic bank to issue and list sustainability Sukuk in London Stock Exchange, and issue and list Tier 1 Sukuk at the London Stock Exchange.”
“We are the first bank to issue and list a Sukuk in Qatari Riyals denomination. This shows that QIIB always comes with the new ideas when it comes to Sukuk.
“We are leading the industry in terms of Sukuk and especially this Sukuk has an attractive yield of 4.40% and the maturity of this Sukuk is about three years,” he added.
“The listing of QIIB Sukuk on QSE represents a historic and strategic step that reflects our long-term vision to deepen our presence in capital markets and expand financing options through diversified financial instruments that meet the expectations of a broad investor base,” Al-Shaibei noted.
The bank has chosen to list its Sukuk on QSE based on several key considerations, including strengthening the depth of Qatar’s financial market through the introduction of high-quality investment instruments, enabling Qatari investors and local institutions to access instruments previously listed abroad, diversifying funding sources, expanding the investor base, and aligning with the Qatar Central Bank’s direction to develop capital markets in support of Qatar National Vision 2030,” Al-Shaibei said.
The listing is milestone for Qatar’s debt capital market. This expands the bank’s financing options and enables access to a broader investor base. It enhances financial flexibility, supports diversification of funding sources, and strengthens the bank’s financial stability and competitiveness in both the local and regional banking markets.
