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The Qatar Islamic Bank is a specialized bank engaged in following Islamic banking principles within the Emirate of Qatar. The bank is a highly profitable financial institution.
The Qatar Islamic Bank or QIB commissioned operations in 1982. The bank strictly enforces Islamic Sharia principles in conducting its financial operations. The Qatar Islamic Bank offers a boutique of traditional and modern banking services to its clients. The corporate headquarters of the bank is located on Grand Hamad street in the Qatar capital city of Doha. The design of the building is reminiscent of Islamic architecture perfectly blended with modern architectural design. The Qatar Islamic Bank has clocked an impressive monetary asset growth of more than 25% per year since its inception.
The Islamic Bank in Qatar has the trust of retail investors. This is clearly revealed in the steady 20% growth rate of deposits accumulated in the bank. The average profit growth rate of Qatar Islamic Bank is 28%. The bank is also known to be the best employer in the banking sector. The bank has embraced modern customer relationship service mechanisms to better serve its customers. A call center has been specially created for the purpose. The financial institution also performs a number of social duties for the progress of Qatari civil society.
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