Five senior members of QInvest have been replaced in order to increase effectiveness and efficiency while maintaining the bank’s strategic direction which is now concentrated on the joint venture with Egypt’s EFG-Hermes.
Istanbul Real Estate Investment Trust Is REIT signed a Murabaha facility worth $50 million in a syndicate with a number of GCC banks. The facility has a two-years tenor and a profit rate of LIBOR +250 bps. Playing different roles, banks included in the syndicate are Qatar Islamic Bank, Barwa Bank, First Gulf Bank, and Mashreq Bank. Sole Bookrunner and Structuring Advisor to Is REIT was QInvest .
Qatar's investment bank, QInvest, has launched a Sharia'a Compliant Enhanced Yield Note that has been met with great enthusiasm by investors, with the bank raising significantly more than expected.
The bank is being led by Chairman H.E. Sheikh Jassim Bin Hamad Bin Jabr Al Thani, and Chief Executive Officer, Shahzad Shahbaz.
QInvest has created a world class investment banking capability operating under Sharia'a compliant structures.
QInvest's business lines include investment banking, investment management, brokerage and wealth management.
QInvest will soon launch a USD 250 mn private equity fund and another sector-specific fund as well as two other funds by the third quarter of this year reported Santhosh V Perumal in Gulf Times
The Qatar Financial Centre-based firm, whose principal shareholders are Qatar Islamic Bank and Gulf Finance House, also said it would also embark on brokerage and wealth management services.
CEO is Shahzad Shahbaz.