Doha, Qatar: Qatar Stock Exchange (QSE) announced the listing of Qatar International Islamic Bank (QIIB) Sukuk on the Sukuk and Debt Instruments Market, marking a landmark milestone as the first Islamic Sukuk to be listed in the Exchange’s history. This achievement reflects the continued development of Qatar’s capital market ecosystem and ongoing efforts to diversify the range of investment instruments available to both local and international investors.
The Sukuk issuance amounts to QAR 500 million, offering an annual return of 4.40% with a three-year maturity. The listing represents a significant addition to Qatar’s Islamic finance market, contributing to greater market depth and the diversification of Shariah-compliant investment products.
The bell-ringing ceremony took place at Qatar Stock Exchange headquarters, in the presence of Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman of Qatar International Islamic Bank; Abdullah Mohammed Al-Ansari, Chief Executive Officer of Qatar Stock Exchange; and Dr. Abdulbasit Ahmed Al-Shaibei, Chief Executive Officer of Qatar International Islamic Bank.
The listing of QIIB Sukuk represents an important milestone for Qatar’s debt capital market, as it expands the Bank’s financing options and enables access to a broader investor base. This enhances financial flexibility, supports diversification of funding sources, and strengthens the Bank’s financial stability and competitiveness in both the local and regional banking markets.
Commenting on the occasion, Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman of QIIB, said: “We are pleased to celebrate the listing of QIIB Sukuk on Qatar Stock Exchange, a significant milestone in the Bank’s journey to strengthen its presence in local and international financial markets. This listing comes at a time when the Qatari economy continues to demonstrate strong performance and an advanced standing that attracts investors from around the world, reflecting the high level of confidence in the national economy and its financial institutions.”
He added: “The listing of the Bank’s Sukuk on Qatar Stock Exchange provides local and regional investors with access to high-quality financial instruments, enhances liquidity, and contributes to the depth of Qatar’s financial market. This step is aligned with QIIB’s strategy to diversify its activities and further strengthen its financial position both locally and internationally.”
Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani affirmed that Qatar International Islamic Bank has achieved accelerated growth and significant performance improvements in recent years, supported by technological advancement, digital transformation, and its strong credit profile. He noted that the Bank has maintained an ‘A2’ credit rating from Moody’s and an ‘A’ rating from Fitch Ratings, both with stable outlooks, reflecting the strength of its financial position and the effectiveness of its management.
On this occasion, Abdullah Mohammed Al-Ansari, Chief Executive Officer of Qatar Stock Exchange, welcomed the listing of the first Islamic Sukuk on the Exchange, stating that this listing will enable issuers to introduce innovative, Shariah-compliant financing products that enhance investor confidence and reinforce Qatar’s position as a regional hub for Shariah-compliant investment. He added that such products also respond to investor demand for Islamic investment solutions backed by real underlying assets.
Al-Ansari added: “This listing is directly aligned with the Third Financial Sector Strategy, particularly in expanding the range of investment products available in the market and deepening the capital market by increasing its maturity and capacity to accommodate diversified investment instruments that meet the varying needs of investors.”
Dr. Abdulbasit Ahmed Al-Shaibei, Chief Executive Officer of Qatar International Islamic Bank, commented: “The listing of QIIB Sukuk on Qatar Stock Exchange represents a historic and strategic step that reflects our long-term vision to deepen our presence in capital markets and expand financing options through diversified financial instruments that meet the expectations of a broad investor base.”
He added: “Over recent years, we have witnessed strong demand for QIIB Sukuk in international markets, particularly on the London Stock Exchange. Today, the Bank has chosen to list its Sukuk on Qatar Stock Exchange based on several key considerations, including strengthening the depth of Qatar’s financial market through the introduction of high-quality investment instruments, enabling Qatari investors and local institutions to access instruments previously listed abroad, diversifying funding sources, expanding the investor base, and aligning with the Qatar Central Bank’s direction to develop capital markets in support of Qatar National Vision 2030.”
This achievement is the result of integrated efforts across Qatar’s capital market ecosystem, with close coordination among relevant stakeholders to ensure the listing process was executed smoothly and efficiently, in line with international best practices and standards. This collaborative approach reflects a continued commitment to developing market infrastructure, strengthening the regulatory and operational framework, and supporting investment diversification—further positioning Qatar Stock Exchange as an attractive platform for both local and international investors.
