Compliance Monitor
PRA fines QIB (UK) £1.4m for flouting capital adequacy rules
The UK subsidiary of Qatar Islamic Bank has been fined £1,384,950 by the Prudential Regulation Authority because it did not
identify its regulatory obligations and therefore comply with rules on the assessment, maintenance and reporting of financial
resources. This occurred between 30 June 2011 and 31 December 2012.