Dr. Al-Shaibei: “The rating reflects the bank’s strong financial position and consistent performance in a dynamic operating environment.”

Fitch Ratings has affirmed QIIB’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook, highlighting the bank’s continued strength across key financial and operational indicators.

In its latest report, Fitch cited several factors supporting the rating, including QIIB’s solid franchise in Islamic banking, strong asset quality, sound profitability, robust liquidity, and relatively low reliance on non-resident funding compared to local peers.

The agency noted that the bank maintained high-quality financing assets, with the non-performing financing (NPF) coverage ratio standing at approximately 106% as of first quarter (Q1) 2025—one of the strongest among domestic banks.

Fitch also expects QIIB to sustain its profitability, supported by efficient operations and stable customer-based funding.

Fitch further highlighted that the rating reflects potential support from the Qatari government if needed, underpinned by the sovereign’s high credit rating of ‘AA’ with a Stable Outlook.

Commenting on the affirmation, QIIB Chief Executive Officer Dr. Abdulbasit Ahmad al-Shaibei said, “Fitch’s reaffirmation of our ‘A’ rating underscores the strength of our financial fundamentals and our ability to deliver consistent growth in an evolving market.”

He noted, “This rating reaffirms investor and stakeholder confidence in our strategy and performance. It also reflects the robust support of Qatar’s resilient economy, which continues to offer a strong foundation and diverse opportunities for sustainable expansion.”

Dr. Al-Shaibei emphasised that QIIB remains committed to adopting best practices across all areas of banking, with a particular focus on digital transformation, innovation, and delivering value-added Shariah-compliant financial solutions.

He concluded by acknowledging the crucial role of Qatar Central Bank, stating, “We deeply appreciate the sound policies and regulatory guidance of Qatar Central Bank, which continue to provide a stable and secure framework for the banking sector’s long-term growth.”