QIB invests $343 million in government-issued sukuk | Reuters

Qatar Islamic Bank (QISB.QA) (QIB) invested 1.25 billion riyals ($343.6 million) in an Islamic bond, or sukuk, issued by the Qatar central bank on behalf of the government to boost the domestic bond market.

QIB, the Gulf state's second biggest lender by market value, said in a statement issued on Sunday that the investment is governed by an 8-year lease that runs until June 1, 2018.

"The government's participation in this investment initiative will directly enhance the local economy," said Sala Jaidah, chief executive of QIB.