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Islamic Finance Briefing - Categorized | Banking, Performance more

Fitch affirms QIB’s (A) rating with stable outlook

Posted on 20 November 2009

From Cpifinancial.net: The Individual Rating (or stand-alone strength) reflects QIB’s position as the leading Islamic franchise with a nearly 50 per cent share of Islamic assets and a nine per cent overall market share of system assets, in addition to the bank’s high earnings power from core banking and healthy capital ratios.

Fitch also takes a positive view of the timely and considerable State support for the domestic banking system. QIB’s liquidity is satisfactory and the tier 1 capital ratio is high at 17.4 per cent at end-9M09, underpinned by the Qatar Investment Authority’s (QIA) nearly QAR 1 billion capital injection (including share premium) in Q109……………………..Full Article: Source

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