qualified institutional investor

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Qualified Institutional Investor

An institutional investor allowed to privately place securities with other institutional investors without registering the trade with the SEC. This requires that the private placement be for investment purposes and not for resale to the general public; it also requires that the institutional investors have at least $100 million dollars under management. It is also known as a Qualified Institutional Buyer (QIB). See also: Private placement memorandum, Rule 144A.

qualified institutional investor

An institutional investor that is permitted by the Securities and Exchange Commission to trade private placement securities without registering the securities with the SEC.
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Using the biometric authentication option, QIB customers can login to their mobile banking app, to manage their accounts, make payments and transfers, have full control on their cards, request a cheque book, or even open a new fixed deposit account, among other banking transactions.
Since November 2014, QIB's Personal Banking customers have been able to make secure online card payments using their QIB credit cards.
Through this programme, QIB aims to foster the growth of SMEs, thus helping to diversify the country's economy in line with Qatar National Vision 2030.
Reportedly, with this new project, QIB will be among the first large financial institutions to move their self-service network to the Windows 7 platform.
Nasser Marafih, CEO, Qtel Group, said: "QIB has done a great job in offering Qtel attractive terms, and this deal further strengthens the relationship between Qtel and QIB.
QIB offers banking services and various types of Islamic financing in compliance with the main religious law Sharia, which bans payment and receipt of interest.
QIB assistant general manager retail banking Amer Al Jabri said the branch will enhance QIB's leading role to provide Islamic financial services to customers for different sectors, especially clients subscribing to QIB and Al Jazeera Financing, which is 30 percent owned by QIB.
The sale to QIB coincides with and supports the launch of a GFH rights issue designed to raise between $200-$300m of new capital which will conclude tomorrow.
The app is one of the many initiatives launched by QIB to enhance investor communications.
The new QIB app includes interactive financial screens enabling investors to see QIB's historical share price and results while providing comparison with peers.
The new QIB ladies credit card will provide QIB customers with an option to pay as low as 5.