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Qatar Islamic Bank controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Hostage survivor sues Qatar Islamic Bank

    Lawsuit filed

    Matthew Schrier filed a lawsuit against Qatar Islamic Bank, alleging that donations and charities channeled through the bank supported al-Qaeda-aligned militants and that the bank failed to properly vet its clients. Qatar Islamic Bank denied the allegations.

    Company response

    • Denial — Qatar Islamic Bank (QIB)

      QIB told Newsweek in an email it is "aware of the lawsuit in Florida and denies the allegations."

    Source excerpt

    • Schrier filed a lawsuit in January against Qatar Islamic Bank (QIB) claiming al-Qaeda-aligned militants were supported by donations and charities channeled through the bank, the emirate's largest in compliance with sharia law.
    • QIB told Newsweek in an email it is "aware of the lawsuit in Florida and denies the allegations."
    • The complaint alleges that terrorist organizations benefited from the bank's failure to properly vet its clients.
    Source