Qatar First Investment Bank (QFIB), Qatar’s independent shari’ah compliant investment bank, announced that its Board of Directors has decided to increase the basic salaries and social allowance of its Qatari employees by 60%. This decision comes in line with the Emiri Decree to increase the salaries of government employees which was announced last September.
QFIB Chairman Abdulla bin Fahad bin Ghorab Al Marri stated “Developing the local human capital is a major pillar of Qatar’s vision 2030. As a local player in the Qatari market, QFIB is committed to support Qatar’s national vision and assist in developing the national manpower. Our aim is to attract the Qatari talent and guide them in developing their careers to become the future leaders of the financial sector in Qatar. We hope this move will encourage our Qatari employees to unleash their creativity and potential and become major contributors as Qatar moves to become a knowledge based economy. ”
QFIB has in place a strategic plan to coach and mentor its Qatari talent in order to equip them with the necessary skills and knowledge to progress with their careers.