QATAR ISLAMIC BANK OPENS NEW LONDON HEADQUARTERS

Doha, 19 Jumadal Awwal 1436/March 10, 2015 (MINA) – Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, has announced the opening of its new headquarters in the United Kingdom for its subsidiary QIB–UK, Zawya.com quoted by Mi’raj Islamic News Agency (MINA) as reporting, Tuesday (March 3).

Based in the heart of London’s affluent Mayfair district, the purchase of the new premises at 43 Grosvenor Street reflects the Bank’s commitment to its UK business, dedicated to serving its high net worth clients from a centrally-located headquarters. Grosvenor Street is internationally recognised as one of London’s most prestigious office locations, covering a broad range of leading international enterprises.

The new five storey office is specifically designed to emphasise the bank’s operating principles of providing high standards of service. QIB -UK’s focus is on supporting the investment and trade flows between Qatar and the UK. Through its high-net-worth relationship management team, and with the support of product specialists in real estate finance, trade finance, and treasury, it strives to deliver service excellence and tailor-made solutions in a Shariah-compliant manner to its customers.

QIB -UK is offering unique real estate investment opportunities for clients looking to purchase premium properties in London. QIB -UK has assembled a team of real estate specialists to ensure clients are well placed to get the best real estate opportunities in the market.

Bassel Gamal, Group CEO of QIB said: “London is one of the important cities in the global financial markets and QIB is proud to be strategically placed in one of the preferred tourism, cultural and economical destinations. This allows us to provide our clients with top class financial services and personalised banking solutions.”

Bert de Ruiter, CEO of QIB -UK, said he is delighted with the bank’s the new premises, as it signalled the Bank’s commitment to its clients. “The move perfectly fits in with our ambition to deliver top-end customer service and solutions,” he said, “and with the purchase of these premises, we are also demonstrating our belief in the strength of the London property market. We position ourselves as a ‘niche’ private bank offering bespoke real estate finance solutions and personalized banking services, such as preferential deposits in multi-currency and tenors, to the HNWI customers from Qatar with an interest in the UK.”

QIB -UK, was fully authorised as an Islamic Bank by the UK Financial Services Authority in January 2008, and is fully owned by Qatar Islamic Bank. (T/P4/P3).

Mi’raj Islamic News Agency (MINA)