IslamicFinance.de

QIIB announced the issuance of a QR1bn sukuk within the first tranche of the bank’s capital boost through a local issue. The new sukuk issuance supports the bank's equity and meets Basel 3 requirements and enhances its plans for expansion. With the new issue the bank’s capital adequacy will increase to about 20%, well above the Qatar Central Bank requirements set at 12.5%. Moody’s has affirmed the Bank’s rating this year at A2, Fitch Ratings at A+ and Capital Intelligence at A- with a positive outlook.