QIIB provides project financing in the form of Mudarabah to customers in the construction/ project development sector. The bank may finance projects awarded to the contractor, provided the project owner is a government, semi government, or other credit-worthy public companies. Identical projects financed under Mudarabah contracts are usually state infrastructure projects such as; roads, sewer lines, power stations, beautification and landscaping of public areas, etc.
Mudarabah could also be utilized to finance the development of real estate projects including residential compounds and commercial properties including retail and office buildings. Details of the project including feasibility studies, technical and financial analysis of the project, the project owner and the contractor, are performed by the bank to determine viability. Once approved, the financing is granted based on a profit-sharing formula.