diff --git a/libiio/CMakeLists.txt b/libiio/CMakeLists.txt
index afe960fdd..5d01b71f4 100644
--- a/libiio/CMakeLists.txt
+++ b/libiio/CMakeLists.txt
@@ -305,7 +305,9 @@ if(WITH_TESTS)
     add_subdirectory(tests)
 endif()
 
-add_library(iio ${LIBIIO_CFILES} ${LIBIIO_HEADERS} ${LIBIIO_EXTRA_HEADERS})
+add_definitions(-DQT_SHARED)
+
+add_library(iio SHARED ${LIBIIO_CFILES} ${LIBIIO_HEADERS} ${LIBIIO_EXTRA_HEADERS})
 set_target_properties(iio PROPERTIES
     VERSION ${VERSION}
     SOVERSION ${LIBIIO_VERSION_MAJOR}
@@ -324,7 +326,7 @@ endif()
 if(NOT SKIP_INSTALL_ALL)
     install(TARGETS iio
         ARCHIVE DESTINATION ${CMAKE_INSTALL_LIBDIR}
-        LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR}
+        LIBRARY DESTINATION lib
         RUNTIME DESTINATION ${CMAKE_INSTALL_BINDIR}
         FRAMEWORK DESTINATION /Library/Frameworks
         PUBLIC_HEADER DESTINATION ${CMAKE_INSTALL_INCLUDEDIR})