QFIB promotes solidarity and brother hood during the Holy Month of Ramadan

QFIB promotes solidarity and brother hood during the Holy Month of Ramadan

Qatar First Investment Bank (QFIB) announces the launch of “Ramadan Blessings” a special campaign during the Holy Month of Ramadan as part of its corporate social responsibility. “Ramadan Blessings” campaign will include a series of social activities that aim to promote solidarity and brotherhood during this special month by bringing QFIB employees and families closer to the less fortunate members of society.

QFIB’s Ramadan Blessing’s campaign kicked off on Sunday night with an Iftar for all QFIB employees and their families at Doha’s Millennium Hotel. The Iftar was an opportunity for QFIB employees from many nations to experience Ramadan as well as promote team work and communication.

CEO of QFIB, Mike de Graffenried said: “Ramadan is a special month of the year. It’s all about sharing and giving. The Iftar was a good opportunity of bringing our employees of many nations together with their families to experience Ramadan and get to know each other. Social gatherings are important. They help to improve ties amongst employees and foster a spirit of team work, while underlining the Islamic nature of our organisation”

Other social activities planned under the “Ramadan Blessings’ campaign include a Garangaou celebration for the Dreihma Friends Club and an Iftar for the Qatari Institute of Elderly Persons’ Care. QFIB employees and family members will participate in both initiatives.

Qatar First Investment Bank is the first, fully independent Shari’ah compliant investment bank to be authorized by the Qatar Financial Centre Regulatory Authority. It launched in March and aims to become one of the leading financial institutions in Shari’ah compliant investment banking in Qatar and the GCC.

Qatar First Investment Bank signs its first deal with Nobles Properties

Qatar First Investment Bank signs its first deal with Nobles Properties

Qatar First Investment Bank (QFIB) has signed its first business transaction, a partnership agreement with Nobles Properties, the leader in real estate development company based in Dubai.

The deal was signed by Chairman of Qatar First Investment Bank, Abdulla Al Marri and Founding Chairman of Nobles Properties, Mr. Omar Ayesh.

The parties agreed to enter into a strategic partnership that will focus on studying and evaluating real estate development opportunities within the MENA region. The company will be looking into investing in all types of developments including residential, commercial and retail properties. Qatar First Investment Bank will be represented on the board of Nobles Properties.

Qatar First Investment Bank is the first, fully independent Shari’ah compliant investment bank to be authorized by the Qatar Financial Centre Regulatory Authority. It launched in March with an authorised capital of QAR 3.65 billion ( US$ 1billion) and a paid up capital of QAR 1.6 billion (US$ 430million). Qatar First Investment Bank aims to become one of the leading financial institutions in Shari’ah compliant investment banking in Qatar and the GCC.

Nobles Properties is a newly established real estate development company and one of the largest premium developers of residential and commercial properties in the United Arab Emirates and the region at large. The founding Chairman of Nobles, Mr. Omar Ayesh is also the founder of Tameer – one of the leading real estate developers in the region. His extensive knowledge and experience within the regional real estate industry has earned him several awards including “CEO of the Year 2007” in the Property Development category, Ernst & Young’s “Middle East Entrepreneur of the Year 2007” and most recently Mr. Ayesh was granted the prestigious Mohammed Bin Rashid Al-Maktoum Business Award in 2007. Under his leadership, Nobles Properties aims to become a significant player in real estate development in the MENA region.

Chairman of Qatar First Investment Bank, Abdulla Al Marri said “This is a great opportunity for Qatar First Investment Bank. In spite of the current global financial crisis, we feel it is an opportune time to invest in real estate development projects. Our partnership with Nobles Properties will generate unique investment opportunities for our discerning clientele as Nobles’ business plan is built on the basis of sound fundamental economic factors in the MENA region, supported by favourable demographics and strong earnings driven by energy and commodity export prices.”

Chairman of Nobles Properties Mr. Omar Ayesh said “We are delighted to have Qatar First Investment Bank as a business partner. We take great care in forming partnerships and only select highly professional, reputable and credible companies to work with to ensure mutual success.”

The partnership between Qatar First Investment Bank and Nobles Properties comes at an opportune time as Nobles currently has a strong pipeline of promising real estate development deals, under study and evaluation. It aims to develop a balanced portfolio of proper developments in the established and emerging markets around the MENA region

Qatar First Investment Bank marks its Launch at an exclusive event at the Museum of Islamic Art

Qatar First Investment Bank marks its Launch at an exclusive event at the Museum of Islamic Art

Qatar First Investment Bank (QFIB), a new fully Shari’ah compliant Investment Bank, celebrated its launch with a stunning ceremony at the Museum of Islamic Art in Doha, with a keynote speech by former US President Bill Clinton.

Qatar First Investment Bank (QFIB) is the first independent Shari’ah compliant investment bank to be licensed by the Qatar Financial Centre. It has an authorized capital of QAR 3.6 billion (US$ 1billion) and aims to become one of the leading financial institutions in Shari’ah compliant investment banking in Qatar and the GCC by adopting a unique business model.

More than 350 people including senior government officials, prominent businessmen and directors of Qatari banks, local academics as well as key shareholders from Qatar and the surrounding Gulf Cooperation Council countries , attended the event to celebrate the launch and hear President Clinton speak about the challenges of globalization and growing interdependence and the need to identify common goals and values throughout the world.

Abdullah bin Fahad bin Ghorab Al Marri, Chairman of Qatar First Investment Bank, commented: “We are honoured and privileged that President Clinton accepted our invitation to attend the launch of Qatar First Investment Bank. It made an extremely special occasion even more prestigious and memorable. It is a privilege to have President Clinton as our guest of honour .”

Chairman Al Marri added “We are launching the bank at a time when the world is going through a major economic crisis. However, we feel that this is a time when Qatar First Investment Bank can capitilise on opportunities arising out of this economic uncertainty.”

Mike de Graffenried, CEO of Qatar First Investment Bank, said “Qatar First Investment Bank will enrich the business community in Qatar and the GCC region by introducing a unique business model in Shari’ah compliant investment banking. Qatar First Investment Bank has been established to capitalize on the opportunities created by the rapidly expanding economies of Qatar and the GCC which have stimulated significant growth and created opportunities for investment banking, particularly for Islamic based products and services.”

Qatar First Investment Bank was founded by a group of prominent Qatari businessmen, led by Chairman Abdullah Al Marri. The principal aim was to establish an investment bank operating under Islamic financing principles, raising the bar for customer service and innovation. A paid up capital of QAR 1.6 billion (US$ 430 million) was raised during the summer of 2008, 59% of which, originated in Qatar and the remaining from the GCC region. The bank was awarded a license by the Qatar Financial Centre in September 2008.

With over 1,000 investors from Qatar and the GCC, a solid capital base and a team of experienced investment professionals, Qatar First Investment Bank is well positioned to play a leading role in the development of the economies of Qatar and the GCC.