QIIB is Qatar’s third-biggest Sharia-compliant lender. Founded in 1991, the bank has 16 branches and 75 ATM machines throughout the country. The bank saw first-half profits rise by 10 percent to $100m. According to local media, CEO Abdulbasit Al Shaibei said it was planning to open more branches over the course of the year, as well as adding new products and services. The bank’s capital adequacy ratio under Basel II stood at 17.85 percent by the end of the first half.