Qatar Islamic Bank Reports 2% Rise in 9-Month Net Profit

Doha, October 14 (QNA) - Qatar Islamic Bank (QIB) net profit rose by 2 percent during the first nine months of 2026, reaching QR 3.525 billion, compared to QR 3.455 billion during the same period of 2025.

The bank's financial data showed an increase in earnings per share, reaching QR 1.49 for the period ending Sept. 30, 2026, compared to QR 1.46 for the same period in 2025.

The bank's assets rose by 6.5 percent as of Sep. 30, 2026, reaching QR 235.5 billion, compared to QR 221 billion on Dec. 31, 2025, and representing a 9.7 percent increase compared to Sep. 30, 2025.

Financing assets reached QR 160.7 billion as of Sep. 30, 2026, representing growth of 16.1 percent compared to Dec. 2025 and 21.9 percent compared to September 2025.

QIB noted that it managed to maintain its ratio of non-performing financing to total financing at 1.51 percent, reflecting the quality of its financing portfolio and its effective risk management framework. (QNA)