Posted on February 21, 2018

Welcome! Thanks for joining us today.

On behalf of the Board of Directors, I am pleased to present to you QIB’s Annual Report for the fiscal year 2017.

2017 was a challenging year, considering the current situation and with its emerging effects on the financial and banking sector, which QIB has been able to face with high capabilities. QIB continued its journey with full confidence, exceeding all expectations and achieving results that boosted its position as the best Islamic financial institution locally and at the regional level. Over the past four years, the Bank achieved 16.5% annual average growth rate in profits, which is higher than the market average. That would not have been achieved without Allah’s will and blessings, and the wise leadership and hard work of the Bank’s management and staff.

QIB turned special attention to information security, where it invested in financial resources, specialized human resources, and efficient information systems to ensure the safety and impregnability of information. It made huge strides in this respect. The Bank also realized, at an early stage, the importance of online banking services and optimum use of information technology to simplify operations. It, therefore, managed to update the smartphone applications of its Omni mobile banking channels, emerging as a pioneer in some of these services and introduced advanced ATM services. The Bank also developed and expanded on the services offered at its customer service centres, moving closer towards digitalizing the services. During 2017, QIB also adopted a focussed strategy to improve services throughout its network of branches. It expanded its presence to major landmarks across Qatar; unprofitable branches were replaced by more conveniently located branches.

QIB invested in local talent; it appointed a number of new fresh graduates to different positions across the Bank. It also sponsored more than 30 Qatari students who will join the Bank after they complete their education. QIB also provided training opportunities for students from different universities across Qatar, in addition to training Qatari employees through the National Talents Program, which qualifies them for higher education to advance their careers and prepare them to be the future leaders. In 2017, Qatarization has reached to 30%.

QIB remained committed to international banking standards and the instructions of the regulatory and supervisory authorities in Qatar, as well as to the standards of corporate governance. The Bank also continued to update and add the necessary policies and procedures that are in line with the best practices of governance and regulatory requirements. Thanks to its exceptional performance and creative services and products, your Bank was recognized by many international financial institutions and industry publications as a leading Islamic Bank locally and internationally. QIB also continued to obtain high ratings by international rating agencies.


Moving forward, QIB will continue to focus on the Qatari market in 2018, given the significant opportunities this market provides. It will continue to offer new products to satisfy existing customers and attract new ones. The Bank will also invest extensively in advanced technology, digital banking services, and the additional IT assets needed to turn the Bank into a successful digital institution.

Amid of these significant developments, 2017 was a good year of prosperity and growth for QIB. Its assets increased by 7.5% compared to 2016, reaching QAR 150.4 billion. Customer deposits grew by 6.7% compared to 2016, and now stands at QAR 101.8 billion. Total income amounted to QAR 6,199 million, representing a growth of 13% over the previous year. Moreover, the Bank was able to maintain the ratio of non-performing financing assets to total financing assets at 1.2%, one of the lowest in the banking industry. It also continued to pursue a conservative impairment policy, with coverage ratio of the non-performing financing assets reaching 107% as of the end of 2017.

Thanks to these overall positive results, QIB’s net profit in 2017 amounted to QAR 2,405.4 million, a growth rate of 11.6% compared to 2016. Based on these results, the Board of Directors recommends that your honourable Assembly approve a cash dividend distribution to shareholders of 50% of the nominal share value, at QAR 5 per share.

On behalf of the Board of Directors, I would like to extend our most sincere gratitude and appreciation to His Highness the Emir, Sheikh Tamim Bin Hamad Bin Khalifa Al Thani, and His Highness the Father Emir, Sheikh Hamad Bin Khalifa Al Thani for their continuous support and encouragement to the banking sector in the State of Qatar.

Our thanks and appreciation also go out to all the officials in the banking sector in Qatar for their constant support for QIB, and to all components of the banking and economic activity to cope up with the challenging situation, and to all our customers, investors, and shareholders for their trust and loyalty. I also thank the Shari'a Supervisory Board for its efforts. And I particularly thank and appreciate the Group Chief Executive Officer for his extraordinary efforts and creative abilities, supported by Allah and his loyal team members, which helped the Bank succeed and achieve the desired results.

May Allah grant us all his blessings and grant, this leading Bank, further glory and superiority.


Sh. Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani