Qatar International Islamic Bank (QIIB) is the smallest of Qatar's four Islamic banks and the only one that publishes its retail prices in full: 5.60% to 5.85% on personal and vehicle finance depending on segment, a term deposit ladder from 2.25% for one month to 4.00% for three years, and a 1% monthly profit rate on credit cards. Founded in 1991, regulated by the Qatar Central Bank and listed on the Qatar Stock Exchange, it reported QAR 63.8 billion in assets at June 2026. If you want the price before you walk in, start here; whether you also finish here depends on your salary tier, nationality and product. For the wider market, see our Islamic bank accounts hub for Qatar.
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What QIIB is, who regulates it and who signs off on Shariah
QIIB's bank profile page describes it as a privately owned Islamic bank established in 1991, regulated by the Qatar Central Bank, offering personal and corporate Shariah-compliant banking. It is a public shareholding company whose shares trade on the Qatar Stock Exchange; the site carries a share price history, a dividend history inquiry tool and a sukuk page under its investor relations menu. Its head office is on Grand Hamad Street in Doha, the same street as QIB's, and its call centre is +974 4484 0000. Our QIIB provider profile carries the house verdict that this is the bank for people who want to see the price first, and nothing fetched in October 2026 changes that.
The Sharia Supervisory Committee page lists three members: Sheikh Dr Walid Bin Hadi as chairman, Sheikh Abdoulaziz AlQassar and Sheikh Dr Mohammed Ohmain. Sheikh Dr Bin Hadi also chairs the boards at AlRayan Bank and Beema, which tells you how concentrated Shariah supervision is in Qatar. The site does not publish the committee's annual report or individual fatwas on product pages, so the contract structures below are described as the product pages describe them, not from a published ruling.
On financial strength, QIIB's ratings page shows Fitch at A long-term and F1 short-term with a stable outlook, Moody's at A2 and P-1 with a stable outlook, both dated June 2026, and Capital Intelligence at A+ and A1. The bank's half-year announcement reported net profit of QAR 713 million for the first half of 2026, up 3.5%, total assets of QAR 63.8 billion, financing assets of QAR 44.1 billion and customer deposits of QAR 43.1 billion. For scale, QIB reported QAR 221.1 billion in total assets for 2025, so QIIB is roughly a quarter of the size of the market leader.
Accounts: current, savings, Joud and the Avios account
The current account is available in Qatari riyal or other major currencies with a free debit card, a monthly statement and a cheque book, though the page says a salary certificate is required if you want the cheque book. You must open it in person at a branch with an original Qatari ID; the minimum age is 18 for Qataris and 21 for expatriates. GCC nationals who are not resident can open a savings account on their national ID or passport, and a current account only with proof of a business connection in Qatar and compliance approval.
The plain savings account is QAR only. The term deposit page lists its profit rate at 0.50%, and the Joud prize account at 0.15%, with a note that no profit is calculated on savings accounts held in foreign currencies. Joud is the prize product: two semi-annual prizes of QAR 1,000,000, twelve monthly prizes of QAR 100,000, one draw entry for every QAR 10,000 held, a minimum balance of QAR 10,000 to enter, and quarterly profit distribution. The Avios Savings Account credits Avios equal to 10% of annual savings calculated on the daily average balance, with a 50,000 Avios welcome bonus for new customers who transfer their salary; salary transfer is mandatory for that account. Our QIIB accounts and deposits review works through each of these in detail.
Term deposits: the published ladder
QIIB's term deposit page prints its fixed term deposit rates in QAR and USD, which is unusual in a market where QIB publishes none at all. Deposits are opened in branch with an original Qatari ID, minimum age 18. The rates on 29 September 2026 were as follows.
| Tenor | QAR | USD |
|---|---|---|
| 1 month | 2.25% | 2.00% |
| 3 months | 2.75% | 2.50% |
| 6 months | 3.00% | 2.50% |
| 1 year | 3.25% | 2.27% |
| 18 months | 3.50% | 3.00% |
| 2 years | 3.75% | 3.50% |
| 3 years | 4.00% | Not listed |
These are expected profit rates on a Shariah-compliant deposit, not guaranteed interest, and the page does not state the mudarib share or whether the contract is mudarabah or wakalah. The one-year USD figure of 2.27% sits oddly below the six-month figure, which is how the page reads; ask the branch to confirm before relying on it. For context, AlRayan Bank's sheet effective 24 September 2026 shows 3.10% for one year on QAR balances up to 250,000, so QIIB's 3.25% is marginally ahead at that tenor.
Personal and vehicle finance: the rate card nobody else prints
Both the personal finance and vehicle finance pages show the same four-tier card: 5.60% for Wajaha customers, 5.70% for Deyafa, 5.75% for World and 5.85% for other segments. The rate is fixed for the finance period, and there is a grace period of up to six months for Qataris and three months for expatriates. The pages do not state the salary or balance thresholds that place you in Wajaha or Deyafa, so ask the branch which tier your payslip earns before you compare. A campaign dated 1 October 2026 adds a headline rate from 3.99% for customers who transfer their salary, with a draw for a year's salary; campaign terms, not the standard card, govern that.
Vehicle finance comes with worked numbers. For every QAR 100,000 financed, the page says a Qatari pays QAR 1,748 a month over 72 months and an expatriate pays QAR 2,435 over 48 months, calculated without the grace period. Expatriates must put down 40% and the vehicle is mortgaged to the bank. Comprehensive insurance is priced at 2.4% and is only offered on new vehicles; a used vehicle must not be older than five years. The Green Car Financing page offers 4.6% APR on new electric and hybrid cars, open to non-customers who transfer their salary. Our QIIB vehicle finance review tests those instalments against the published rate.
- Original Qatari ID and a salary certificate addressed to QIIB are the core documents for personal finance
- Customers moving liabilities from another bank also need an outstanding liabilities letter and six months of signed, stamped statements
- Vehicle finance needs the 40% down payment and vehicle mortgage for expatriates; the page does not state a down payment for Qataris
- Grace periods are counted from the financing period, and the published instalments exclude them
- Credit life takaful is arranged at the time the finance is granted, priced as 'competitive' with no figure on the page
Mortgage finance: generous terms, no rate
QIIB's mortgage page offers financing of up to 80% of property value, repayment up to 360 months, availability for salaried customers and for those with rental income, and finance for existing builds or construction. The minimum age is 18 for Qataris and 21 for expatriates, and you must attend a branch in person. What the page does not publish is a rate: it says 'competitive profit rate', which makes mortgage the one QIIB retail product priced the way its rivals price everything. Our QIIB mortgage finance review explains what to ask for and how the 80% figure interacts with QCB caps.
Cards: 1% a month, 5% minimum payment
The credit card page lists five cards, QIIB Platinum Mastercard, Visa Platinum, Visa Signature, Mastercard World and Visa Infinite, under a single set of headline terms: a 5% monthly minimum payment of the amount due, a 1% monthly finance profit rate, free SMS alerts, travel insurance, and QIIB Points redeemable with more than 900 airlines. The page does not state annual fees or minimum salaries per card; those sit in the tariff of charges, which is linked as a download and which we could not retrieve on 29 September 2026. Treat card fees as quote-only until you hold the tariff. QIIB also issues Himyan national debit cards, a Himyan prepaid card, a domestic worker card and an instalment credit card, and supports Apple Pay, Google Pay, Samsung Wallet and Garmin and Fitbit payments.
Where QIIB beats the other three, and where it loses
The honest comparison is about disclosure and scale rather than about one bank being better at everything. QIB is roughly four times the size and publishes no deposit or financing rates. Dukhan Bank publishes deposit rates and its delivered payout history but not a financing rate card. AlRayan Bank publishes a pricing formula, QMRO overnight lending at 4.60% plus 1.50% for retail salaries, which works out at 6.10% for a QAR 10,000 to 34,999 salary and 5.85% for Premier customers on QAR 35,000 and above. QIIB's 5.85% top-tier rate therefore matches AlRayan's Premier rate without the Premier salary requirement, as far as the pages state.
| Area | QIIB | Who does it better |
|---|---|---|
| Published financing rate | 5.60% to 5.85% printed on the page | AlRayan publishes a formula; QIB and Dukhan publish nothing |
| Published deposit ladder | QAR and USD, 1 month to 3 years | Dukhan adds a payout history; AlRayan adds mudarib shares |
| Prize account | Joud, QAR 1m twice a year | QIB Misk has a QAR 26 million pool and weekly draws |
| Balance sheet size | QAR 63.8 billion at June 2026 | QIB at QAR 221.1 billion for 2025 |
| Mortgage rate disclosure | Not published | AlRayan's formula covers home finance too |
| Branch opening | In person with original QID | QIB opens Misk and current accounts in-app |
Channels, app and service
QIIB runs a mobile banking app on iOS and Android, personal internet banking, phone banking with a visual IVR, Fawran instant payments and an online shop for redeeming QIIB Points. It joined the AFAQ Gulf payments system, and it received Citibank's 2026 straight-through processing award for international payments, which matters if you remit regularly. Account opening, deposits and mortgage applications still require a branch visit according to the product pages, so the digital story is about servicing rather than onboarding. The site has branch and ATM locators but does not state totals on the pages fetched, so we do not quote a branch count.
Verdict: who should bank at QIIB
A salaried expatriate on QAR 10,000 to 35,000 who wants personal or car finance should get a QIIB quote first, because 5.85% is a known number and AlRayan's retail formula gives 6.10% on the same salary. Check which segment tier you qualify for, and if you are buying a car, price the 40% down payment and the 2.4% insurance before comparing monthly figures. A Qatari national gets the longest grace period and the 72-month vehicle term here, but should also price QIB's zero-down-payment vehicle finance, since QIB's rate is quote-only and may undercut. A business owner without a salary transfer will find QIIB's rate card does not apply and should treat the bank as deal-by-deal like the others.
Savers should split the decision. For a one-year QAR term deposit QIIB's 3.25% is ahead of AlRayan's published 3.10% at the lowest tier; for instant-access savings the 0.50% is low, and the Avios account only makes sense if you already fly Qatar Airways and will transfer your salary. Anyone whose first question is 'is my deposit safe' should read the ratings page, note that A2 and A stable from Moody's and Fitch are solid for a bank of this size, and then read our comparison of all four Islamic banks. Facts checked against qiib.com.qa, alrayan.com and qib.com.qa on 29 September 2026.
Frequently asked questions
Is QIIB a government bank or privately owned?
QIIB describes itself as a privately owned Islamic bank, established in 1991 and regulated by the Qatar Central Bank. It is a public shareholding company listed on the Qatar Stock Exchange, so ownership sits with its shareholders rather than the state. Its investor relations pages carry share price history, dividend inquiry tools and credit ratings from Fitch, Moody's and Capital Intelligence.
What profit rate does QIIB charge on personal finance?
QIIB's personal finance page publishes a fixed rate of 5.60% for Wajaha customers, 5.70% for Deyafa, 5.75% for World and 5.85% for other segments, with a grace period of up to six months for Qataris and three for expatriates. The tier thresholds are not printed on the page. A salary transfer campaign dated 1 October 2026 advertises rates from 3.99% under separate terms.
Does QIIB publish its term deposit rates?
Yes. The term deposit page lists QAR rates from 2.25% for one month to 4.00% for three years, and USD rates from 2.00% to 3.50% for two years. The plain savings account is listed at 0.50% and the Joud prize account at 0.15%. These are expected profit rates on an Islamic deposit, and the contract type and profit-sharing ratio are not stated on the page.
Can an expatriate get car finance from QIIB?
Yes, with conditions the page states plainly: a 40% down payment, a mortgage over the vehicle, a maximum term of 48 months and a used car no older than five years. For every QAR 100,000 financed the page quotes QAR 2,435 a month over 48 months before any grace period. Comprehensive insurance at 2.4% is only offered on new cars.
What does a QIIB credit card cost?
The card page states a 1% monthly finance profit rate and a 5% minimum monthly payment across its Platinum, Signature, World and Infinite cards, plus QIIB Points and travel insurance. Annual fees and salary requirements are in the tariff of charges, which we could not download on 29 September 2026, so request it from the branch before applying.
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Is QIIB safe compared with QIB?
QIIB is a fraction of QIB's size, QAR 63.8 billion in assets at June 2026 against QIB's QAR 221.1 billion for 2025, but its ratings are investment grade: Moody's A2 and Fitch A, both stable in June 2026, against QIB's Moody's A1. Both are regulated by the Qatar Central Bank. Size is not the same as safety; read the ratings and the deposit protection position before choosing.
