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Qatar International Islamic Bank has initiated a consent solicitation for holders of two series of senior trust certificates the bank said in a regulatory announcement posted on TradingView. The filing titled REG – Qatar Intnl Islamic QIIB Senior – SL13 QIIB Senior – XO30 – Launch of Consent Solicitation – TradingView outlines the process for obtaining approvals on the SL13 and XO30 notes issued through QIIB Senior Oryx Ltd. A London Stock Exchange document from September 2025 updated the bank’s U.S.$2 billion trust certificate issuance programme under which such senior unsecured sukuk are issued according to the base offering circular. Qatar International Islamic Bank established in 1990 by Amiri Decree maintains long-term issuer ratings of A from Fitch and A2 from Moody’s with stable outlooks a bank investor presentation stated. The Qatar Investment Authority holds a 17 percent stake in the lender through its subsidiary making it the largest shareholder the same presentation noted.
The consent solicitation follows the bank’s recent issuance activity including a QAR 500 million 4.40 percent fixed rate trust certificate due in 2028 that settled in December 2025 according to a pricing term sheet distributed by QIIB. That transaction formed part of ongoing efforts to diversify funding sources while adhering to Shari’a principles the bank has emphasised in its capital market activities. Qatar International Islamic Bank reported total assets of QAR 60 billion at the end of 2024 up from prior years with customer deposits and financing showing steady expansion company financial statements showed. Market capitalisation stood at QAR 16.5 billion as of mid-2025 placing the lender among listed Qatari banks the investor update indicated. Holders are being asked to consider amendments that typically address covenants or other terms in similar solicitations although specific proposed changes were not detailed in the initial TradingView header.
QIIB Senior Oryx Ltd serves as the trustee and issuer for the bank’s senior sukuk programme with a legal entity identifier of 549300A07UNNRZ2DVQ26 a base offering circular filed on the London Stock Exchange confirmed. The obligor remains Qatar International Islamic Bank which maintains a network of 17 branches and one digital branch across Qatar according to its latest corporate presentation. The bank’s Shari’a Supervisory Board has approved the structure of certificates issued under the programme ensuring compliance with Islamic finance principles the circular stated. Consent processes of this nature allow issuers to adapt to evolving market or regulatory conditions while protecting the interests of certificate holders the bank has noted in prior disclosures. Further details on voting thresholds and deadlines are expected to be circulated to eligible holders through standard channels for such solicitations.
The move comes as Qatar’s Islamic banking sector continues to expand with total assets across institutions rising in line with economic growth figures from the Qatar Central Bank have indicated in sector overviews. Qatar International Islamic Bank has previously accessed international markets successfully with oversubscribed sukuk issuances including a Tier 1 capital instrument that attracted more than U.S.$2.5 billion in demand the bank’s 2024 annual report showed. Such consent solicitations form part of routine liability management for issuers with outstanding listed debt according to standard practices in GCC debt markets. The bank continues to focus on organic growth and maintaining strong asset quality its investor materials stated. Additional information on the solicitation can be obtained from designated information agents listed in the full announcement.
Qatar International Islamic Bank reported revenues of QAR 3.519 billion for the full year 2024 marking a 15.2 percent increase from the previous year according to its audited financial statements. Equity stood at QAR 9.6 billion at year-end reflecting a modest rise the same filing showed. The lender operates under oversight from the Qatar Central Bank and the Qatar Financial Markets Authority for its listed securities and sukuk activities. Its shares trade on the Qatar Exchange where it holds a position among the larger Islamic banks by market value company data placed. The consent solicitation for the SL13 and XO30 series underscores the bank’s proactive approach to managing its international funding base the regulatory update implied through its timing.
