Doha – Qatar Islamic Bank (QIB), the largest Islamic bank in Qatar, has successfully closed a three-year, $1 billion unsecured Dual-Tranche Term Murabaha Financing Facility, marking another milestone in the bank’s growth and market confidence.

Initially launched at $600 million, the facility was substantially oversubscribed—two times over—at competitive pricing, reflecting strong demand from regional, Asian, and international financial institutions. The overwhelming response allowed the bank to upsize the transaction to $1 billion.

The syndication was led by HSBC Bank Middle East Limited, SMBC Bank International PLC, and Standard Chartered as Initial Mandated Lead Arrangers, Bookrunners, and Global Coordinators. HSBC Saudi Arabia acted as Facility Agent Bank, while Norton Rose Fulbright and White & Case served as legal advisors for the Mandated Lead Arrangers and QIB, respectively. In total, 15 institutions participated, providing a diverse investor base and strengthening QIB’s international partnerships.

Commenting on the successful closure, Bassel Gamal, Group CEO of QIB, stated:

“This landmark syndicated Islamic financing facility has attracted significant interest from both global and regional banks, allowing QIB to broaden its investor base while building valuable and long-lasting relationships. The oversubscription at competitive pricing, despite challenging global market conditions, is a clear testament to the strength of Qatar’s banking sector, QIB’s solid financial standing, and its leadership as a premier Islamic bank in the region.”

Strong Financial Performance in 2025

The financing milestone comes as QIB reports a 5.3% profit growth in the first half of 2025, reaching QR 2,175 million, compared to the same period in 2024.

The bank also maintained one of the lowest non-performing financing asset ratios in the industry at 1.75%, underscoring its robust asset quality and effective risk management. With a 95.1% coverage ratio for non-performing financing assets, QIB continues to adopt a conservative impairment policy, ensuring resilience against market volatility.

QIB’s solid financial standing has been further recognized by international credit rating agencies, which reaffirmed its strong ratings, reflecting the bank’s stability, prudent management, and commitment to delivering value to shareholders and customers alike.

A Testament to Islamic Finance Growth

The successful syndication underscores the increasing global appetite for Shariah-compliant financing solutions. By leveraging its expertise in Islamic banking and its strong international relationships, QIB continues to position itself as a regional and global leader in Islamic financ