Energy Bank provides services for traditional and renewable projects Power and Energy

Doha, the first and largest energy bank in the world (under construction) to commence operations in the fourth quarter of this year 9102 with an authorized capital of US $ 10 billion and a paid up capital of US $ 5.2 billion. Energy "as a financial institution licensed by the Qatar Center for To become the largest bank of its kind in the world, with representative offices in a number of countries in the Middle East and North Africa and around the world, offering world class investment banking services in the fields of oil, gas, petrochemicals and the renewable energy industry, , Chairman of the Committee Announced that the bank will include investors from all over the world who have chosen Qatar as the Bank's headquarters, benefiting from the development of its financial and banking sector, and the environment, laws and legislation that encourage investment.

He pointed out that the bank, which operates under the umbrella of the Qatar Financial Center, is the first of its kind to finance energy projects around the world and comes in light of the tremendous growth expected to be witnessed by the energy sector in Qatar. Qatar Center as a leader of energy projects in the world especially with expansion plans to increase Annual production capacity of LNG to 011 million tons by the year 4202.

He pointed out that the services provided by the bank are compatible with Islamic law and include all projects of clean and renewable energy, traditional energy and others, praising the role played by Islamic banking in the world.

Thus, it will be »Energy Bank« is an international Islamic investment institution based in Qatar, aimed at finding, financing, enabling conventional energy and renewable energy projects in the Middle East and North Africa, the bank boasts a team of etc. Behind the works under the umbrella of the Qatar Financial Center, to provide a variety of products and services in line with Islamic law, and in light of the growing demand of the energy market at the local and regional levels.

The bank will provide advisory services to energy entrepreneurs as well as finance. Funding profits will be determined by the nature of the project and the level of risk. It will also target the local, regional and global markets, with 62% Islamic.