Established in 1990, QIIB provides personal and corporate Islamic banking solutions across 17 branches in Qatar. In October 2022, QIIB established Takaful Insurance Company in Morocco in cooperation with Atlanta Insurance Company, CIH Bank, and Qatar Islamic Insurance Company. The bank also held 40% of the Moroccan Umnia Bank as of December 2022. The Qatar Investment Authority is the largest shareholder in QIIB, with a 16.62% stake.