The world’s biggest Islamic bank, which is set to specialize in the energy sector, will appear in Qatar in the fourth quarter of the current year, according to executives launching the project.
Chairman of Energy Bank’s media committee Mohammed al-Marri, today spoke at the presentation meeting in Doha with a statement that the bank will be the largest in the Islamic world and will work in the field of energy and finance.

“With paid-up capital of $2.5 billion, the establishment of Energy Bank in Qatar comes in light of the incredible growth projected for Qatar’s energy sector,” Marri said.

Suvaydi noted that the Islamic Energy Bank has a capital of $ 10 billion to finance international energy projects.

Suvaydi is also the chairman of the board of directors of the new bank. According to him, the bank under the auspices of the Qatar Financial Center will begin its work in the last quarter of this year.

Qatar, which produces about 600,000 barrels of oil per day, declared on December 3 that it was leaving the Organization of Petroleum Exporting Countries (OPEC) in January 2019. Qatar is also the largest supplier of liquefied gas in the world.

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