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Qatar International Islamic Bank and The Group Securities signed the agreement at the brokerage’s headquarters, with Hamad bin Khalaf al-Moudadi, chairman of The Group Securities, and Dr Abdulbasit Ahmad al-Shaibei, chief executive of QIIB, putting pen to paper in front of senior officials from both institutions. The memorandum commits the two sides to supplying advanced digital tools that comply with top banking standards and aim to enrich the investor experience across capital market activities. Gulf Times reported the partnership will focus on creating a unified digital environment for customers seeking integrated investment and banking solutions.
The Group Securities has maintained a relationship with QIIB spanning more than three decades, a history that al-Moudadi highlighted as a foundation for the new collaboration. “We are pleased to sign this agreement with QIIB with which we have enjoyed a relationship for more than 30 years,” al-Moudadi said. “We look forward to working together to improve our services and build strategic partnerships.”
For QIIB the memorandum represents a further step in its digital expansion programme, which the bank has aligned with broader national objectives. Dr Abdulbasit Ahmad al-Shaibei described the move as “a new strategic step in expanding its digital network.” He added that digital transformation remains a priority under Qatar National Vision 2030, according to the statement carried by Gulf Times.
Qatar’s financial sector has recorded steady gains in digital adoption, with the Qatar Central Bank reporting that electronic transactions rose by more than 20 percent year-on-year in 2025 as customers shifted toward online platforms for both retail and corporate services. The Planning and Statistics Authority has positioned digital infrastructure as a core pillar of Qatar National Vision 2030, a long-term blueprint that seeks to diversify the economy beyond hydrocarbons through technology-enabled services. Industry assessments from PwC Middle East have noted that Islamic banks in the Gulf are accelerating fintech partnerships to capture growing demand for Sharia-compliant digital products.
The agreement is expected to allow customers of both organisations to move more efficiently between banking and securities activities without navigating separate systems, although specific technical features were not detailed in the initial announcement. QIIB, one of Qatar’s largest Islamic lenders, has previously rolled out mobile applications and online portals that now handle a substantial share of its daily customer interactions. The Group Securities, a licensed brokerage, provides trading services on the Qatar Stock Exchange and has been expanding its technological offerings to meet evolving investor requirements.
Officials from both entities attended the signing ceremony, signalling institutional support for the initiative, yet neither side disclosed a timeline for launching the joint digital services. The memorandum falls within a wider pattern of collaboration between Qatari banks and capital-market players that regulators have encouraged to deepen financial inclusion and modernise infrastructure. Future phases of the partnership will focus on ensuring full regulatory compliance while expanding the range of accessible investment products through the shared platform.
