Posted on January 28, 2011

Qatar Islamic Bank (QIB) has signed with Qatar Development Bank (QDB) an agreement regarding the "Al Dhameen" finance assurance Program for Small and Medium Enterprises (SME).

The agreement was signed by QIB Acting Chief Executive Officer Ahmad Meshari and QDB s Chief Executive Officer, Mansoor bin Ebrahim Al-Mahmoud.

QIB and QDB officials pose after reaching the agreement to support SMEs

Qatar Islamic Bank (QIB) is a leading, innovative and global Islamic bank adhering to the highest Shari'a and ethical principles; meeting international banking standards; partnering with the development of the global economy and participating in the advancement of the society.

Qatar Development Bank (QDB) was founded in 1997 by Emiri Decree No.14 to diversify the Qatari economy by promoting small and medium scale developmental projects. It is a non-profit organisation, focusing primarily on assisting local initiatives in the eight private sectors of education, health care, tourism, industrial, agriculture, animal resources, fisheries and real estate.