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In the first quarter of 2011, the QCB had asked conventional banks to close down their Islamic windows.
Al khaliji chairman Sheikh Hamad bin Faisal bin Thani al-Thani said, “As a pioneer Qatari bank, al khaliji will remain focused on its medium-term business strategy, which is aligned to the economic reality in the region.
We are leveraging our treasury management and corporate business, while we continue to offer our preferred premium and business banking customers differentiated banking products and services, in an aim to constantly meet stakeholders’ expectations.”
Headquartered in Doha, al khaliji is one of Qatar’s leading commercial banks and a member of the Qatar Exchange Index, with around QR23.85bn in total assets and QR11.58bn in customer deposits as of September 30, 2011.
“We believe that success lies in the financial security and development of people to enable them to sustain a prosperous life. Our products and level of service reflect our belief that to be successful, we must meet the needs of both this generation and future generations of employees, customers, investors and business partners,” Sheikh Hamad said. “While financial objectives are key to sustaining our prosperity in any market, at al khaliji we believe that long-term sustainability is maintained by balancing our commitments to achieving our results, with the commitment towards the development of the society and the preservation of natural resources,” he said.