12 Oct 2017 - 2:22

QIIB’s $2bn sukuk programme gets UK regulatory body approval

The Peninsula

The UK Financial Conduct Authority (FCA) has approved QIIB’s $2bn Trust Certificate issuance Programme and is expected to be admitted to the official list of the FCA and the London Stock Exchange in the following days, the bank said in a regulatory filing to Qatar Stock Exchange (QSE), yesterday.
The Programme has been assigned a provisional rating of A2 by Moody’s Investors Service Cyprus and expected rating of A by Fitch Ratings.
QIIB was established in 1990 as the second Islamic bank in Qatar and is currently the third largest bank in terms of assets and market capitalisation.