IslamicFinance.de

Qatar International Islamic Bank (QIIB) remains focused on digitalisation and utilising financial technology. Bank CEO Dr Abdulbasit Ahmad al-Shaibei sees fintech as the future of banking. QIIB cannot afford to miss out, so it is looking closely at the blockchain technology and ways to partner with fintech companies. The bank is investing significantly in the IT infrastructure and considers Cyber security a top priority. Al-Shaibei plans the opening of new branches at commercial malls across the nation as a natural response to the urban development and customer needs. QIIB is a major stakeholder in Umnia Bank in Morocco, where it has not rolled out all banking products, it is currently going through the regulatory procedures. Umnia Bank is a joint venture among QIIB, Credit immobilier et hotelier and the Moroccan Deposit and Management Fund.