Qatar International Islamic Discloses Preliminary 2011 Financials

Doha, January 23 (QNA) - Qatar International Islamic Bank (QIIB) has disclosed the preliminary financial statements for the year ended December 31, 2011. The preliminary financials revealed a net profit of QR 653 Million in 2011, QIIB said in a statement published on the (Qatar Exchange) website on Monday. Board of Directors recommend cash dividend payment 35% of its paid up capital equivalent to QR. 3.5 per each share. Qatar International Islamic Bank (QIIB) has come a long way since its establishment as a full-service bank committed to Sharia principles, on January 1, 1991. With 12 branches at convenient locations and some 54 ATMs across Qatar, QIIB is well-placed to provide a full array of retail and corporate banking services to its growing customer base. (QNA)