IslamicFinance.de

Joyce C Abaño reported on 25th March that the Shariah-compliant Qatar First Investment Bank (QFIB) celebrated its official launching yesterday during an exclusive ceremony at the Museum of Islamic Art. The event was graced by former US president Bill Clinton, who spoke about the challenges of globalisation and growing interdependence, and the need to identify common goals and values worldwide. The bank has an authrised capital of QR 3.6 bn (USD 1 bn).

The bank was awarded a licence by the Qatar Financial Centre in September 2008. Mike de Graffenried is the CEO of QFIB.