Islamic Banking
Discover what makes QIB's Islamic banking different. Explore our Shari’a-compliant financial solutions rooted in ethical practices and complete transparency.
Islamic banking
Shari’a supervisory board
The Shari'a Supervisory Board monitors the Bank's compliance with Islamic Shari'a principles and reviews all processes and products. It operates as an independent body of specialist jurists in Fiqh al-Muamalat.
His Eminence, Sheikh Walid Bin Hadi
Chairman
Sheikh Dr. Abdulaziz Khalifa Al-Qasar
Member
Dr. Mohamad Ahmaine
Member
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Provide Islamic advice and guidance based on requests from QIB's management.
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Review auditors' reports for Shari'a compliance and report findings to members.
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Determine whether contracts, transactions, and dealings presented to the board comply with Shari'a principles.
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Approve QIB marketing materials presented to the board.
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Ensure by all possible means that earnings from sources or methods prohibited by Shari'a are directed to charitable causes.
Islamic Banking principles
Social responsibility
At QIB, we integrate social and environmental responsibility into everything we do. Our approach reflects our commitment to our stakeholders and the communities we serve.
Our vision is built on these core principles:
- Build strong relationships across all sectors of society to identify community needs and foster meaningful partnerships.
- Support diverse activities through sponsorships in education, health, sports, environmental initiatives, and programs for individuals with special needs.
- Contribute to charitable organizations and their work, with a focus on those operating in Qatar.
Understanding Islamic Banking
What’s the difference between Islamic and traditional banking?
Islamic banking is guided by Shari'a law and prohibits interest-based transactions. Instead, it focuses on ethical, asset-backed financing. Traditional banking, by contrast, operates through interest on loans and deposits.