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Islamic Finance Awards |
Qatar Islamic Bank
In January it announced its second consecutive record profit in the fourth quarter. Net income in the three months to December 31 rose 40% to $109 million. One of QIB’s biggest successes is real estate financing. In Qatar, it is financing real estate projects worth QR2.5 billion ($686.6 million) including several tower blocks and hotels. One of its projects includes financing the construction of five luxury tower blocks with more than 800 residential units on Pearl Island.
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