Qatar Islamic Bank (QIB), the country’s largest Shariah-compliant bank, has successfully concluded a three-year, $1 billion unsecured Dual-Tranche Term Murabaha Financing Facility.
The transaction, which initially launched at $600 million, was oversubscribed by two times due to strong market appetite, prompting an increase to $1 billion at attractive all-in pricing.
The syndication was arranged by QIB’s Wholesale Banking Group, with HSBC Bank Middle East Limited, SMBC Bank International PLC, and Standard Chartered serving as Initial Mandated Lead Arrangers, Bookrunners, and Global Coordinators. HSBC Saudi Arabia acted as Facility Agent, while Norton Rose Fulbright and White & Case provided legal counsel for the MLAs and QIB respectively.
The facility drew significant participation from 15 regional, Asian, and international banks, underscoring QIB’s ability to diversify its funding base and strengthen global banking relationships.
Commenting on the achievement, Bassel Gamal, QIB Group CEO, said:
“This landmark syndicated Murabaha facility attracted remarkable interest from global and regional institutions, reinforcing QIB’s strong financial standing and the resilience of Qatar’s banking sector. The oversubscription at competitive pricing, despite global market headwinds, highlights our position as a leading Islamic bank in Qatar and the wider region.”
For H1 2025, QIB reported a 5.3% year-on-year net profit increase to QR 2.175 billion, maintaining one of the industry’s lowest ratios of non-performing financing assets at 1.75%. The bank also preserved a healthy 95.1% coverage ratio, reflecting prudent risk management and a high-quality financing portfolio.
QIB continues to follow a conservative impairment strategy while reinforcing its strong financial profile, further validated by international credit rating agencies affirming the bank’s robust position in the market.
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