In 1982 QIB was established with a paid-up capital of QR 25 million. It opened its first branch for customers in July 1983. In 1989 Al Jazeera Finance was established, with 30% ownership by QIB. By 1996, QIB's paid-up capital had increased to QR 200 million, and in 1998, it was listed on the
Qatar Stock Exchange. 2000 saw the establishment of Aqar, 49% owned by QIB. Arab Finance House, 37% owned by QIB, was established in
Beirut in 2003. By 2005, the number of QIB's branches stood at eight, and its paid-up capital had increased to QR 663 million. 2005 also saw the establishment of Asian Finance Bank (41.67% owned by QIB), and the following year QIB's paid-up capital increased to QR 1.19 billion. QInvest was established in 2007 (50.13% owned by QIB), QIB-UK was set up in 2008 (a wholly owned subsidiary), and in 2009, BEEMA was established, with 25% owned by QIB. In February 2018 QIB sold its full 60% stake in the Asian Finance Bank (AFB) to Malaysian Building Society Bhd (MBSB). In March 2019 QIB successfully priced a US$750 million 5-year
Sukuk at par with a profit rate of 3.982% (equivalent to a credit spread of 150bps over US$ Mid-Swaps). The Sukuk was met with strong investor demand, as evidenced by the large orderbook, which closed at US$3.1 billion, representing an oversubscription rate of 4.1 times. In terms of geography, 46% of the Sukuk was allocated to Asian investors, followed by Middle Eastern accounts (23%), Europe (21%), and US/Other (10%). In total, non-Middle Eastern investors were allocated 77% of the Sukuk, which is a remarkable outcome and one of the highest international allocations achieved by any bank from the region. 60% of the investors were fund managers, 26% were banks and private banks, and 14% were insurance companies and agencies. More than 140 investors from 28 countries spanning Europe, Asia, the USA, and the Middle East participated in the Sukuk. In 2019 the Bank achieved a net profit of QAR 3,055.4 Million, representing a growth of 10.9% for the same period in 2018. The total assets of the Bank have increased by 6.7% compared to December 2018 and now stand at QAR 163.5 Billion. Financing activities have reached QAR 113.8 Billion and have grown by 11.3% compared to December 2018. Customer Deposits at the Bank now stand at QAR 111.6 billion, registering a strong growth of 11% compared to December 2018. Total Income for the year ended 31 December 2019 amounted to QAR 7,738.2 Million, registering 12.4% growth compared to 2018, reflecting a healthy growth in the Bank's core operating activities. In November 2019
Fitch Ratings affirmed Qatar Islamic Bank at 'A' with a Stable outlook. Also, in December 2019,
Moody's Investors Service ("Moody's") affirmed the Long-term deposit ratings of QIB at "A1" with a Stable outlook. In May 2019, Capital Intelligence Ratings (CI) affirmed the bank's Long-term Currency Rating (LTCR) of ‘A+’ with a Stable outlook. In March 2019,
Standard & Poor's (S&P) affirmed the bank's credit rating at ‘A−’ with a Stable outlook. QIB was ranked 15th on
Forbes Middle East's 30 Most Valuable Banks 2025 list. ==Major share holders==