Established in 1982, QIB was the first Islamic financial institution in Qatar. Today, the bank has 21 branches in Qatar and one in Sudan. In September 2024, the bank issued a $750 million five-year Sukuk at a 4.485% profit rate. Qatar Holding, the investment arm of the Qatar Investment Authority, is QIB’s largest shareholder, with a 16.87% stake, as of February 19, 2025. QIB’s profit grew by over 7% to reach $1.3 billion in 2024.