DOHA: Qatar Islamic Bank completed with HSBC Bank Middle East its first Islamic Trade Facility in MENAT valued at USD 100 million, in January 2021. The Financial Institutions Refinance trade facility is a new addition to HSBC Bank Middle East’s Islamic product suite. “This is a first-of-its-kind transaction for HSBC Bank Middle East within the…
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S&P reaffirms Qatar Islamic Bank’s rating at ‘A-/A-2’ with stable outlook
DOHA, QATAR: S&P Global Ratings (S&P) has reaffirmed Qatar Islamic Bank’s (QIB) Issuer Credit Rating at ‘A-/A-2’ with Stable Outlook. S&P said that its ratings on QIB reflect the global rating agency’s view of QIB’s robust corporate banking franchise, the bank’s favorable position as Qatar’s largest Islamic bank, and QIB’s relatively conservative management. S&P added:…