DOHA: Qatar Islamic Bank (QIB) has has signed a long-term financing agreement with Barwa Real Estate company, in the amount of QAR 600 million. The purpose of the agreement is to finance part of Barwa capital Expenditure for the group’s projects.
Noting that there is no conflict of interest between the contracting parties to this agreement.
Qatar Islamic Bank 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.
QIB conducts its domestic business through a modern branch network spread throughout Qatar with key branches featuring distinctive centers with specialized relationship managers focused on servicing specific customer segments: Private Banking Centers, Affluent Banking Centers, as well as Ladies Banking Centers.