Qatar Islamic Bank net profit reaches QR3.46bn in January-September 2025; assets at QR215bn

23/10/2025 06:12 AST

Qatar Islamic Bank (QIB) has reported net profit of QR3.46bn for the nine months ended September 2025, representing a growth of 5.8% over the same period in 2024.

Basic earnings-per-share was QR1.46 compared to QR1.38 for the nine months ended September 30, 2024.

Total assets stood at QR214.7bn, representing a growth of 8.7% on annualised basis. Financing and investing were the primary drivers for the asset growth.

Financing assets grew 3.3% year-on-year to QR131.9bn. Investment Securities registered a strong growth of 19.3% to QR60bn in January-September 2025.

Customer deposits stood at QR133.8bn at the end of September 30, 2025; registering a growth of 5.9% on annualised basis. Finance to deposit ratio was 98.6% at the end of September 2025, which is one of the best among its peer banks in Qatar reflecting the bank's strong and stable liquidity position.

Total income was QR8.54bn at the end of nine-month ended September 2025. Net income from financing and investing activities stood at QR7.75bn in the review period.

Total operating expenses amounted to QR802.9mn. Efficient cost containment enabled the bank to bring down the cost-to-income ratio to 16%, which continues to be the lowest in the Qatari banking sector.

QIB was able to manage the ratio of non-performing financing assets to total financing assets at 1.78%, one of the lowest in the industry, reflecting the quality of the bank's financing assets portfolio and its effective risk management framework.

QIB continues to pursue the conservative impairment policy by building precautionary impairment charge for financing assets, other assets and other provisions and maintain a healthy coverage ratio for non-performing financing assets to 95% as of September 30, 2025.

Total shareholders' equity of the bank stood at QR28.4bn, representing a growth of 8% on an annualised basis. Total capital adequacy of the bank as per the new guidelines of the Qatar Central Bank (QCB) is 22.2% at the end of September 2025, higher than the minimum regulatory requirements prescribed by QCB and Basel Committee.

In June 2025, Fitch Ratings affirmed QIB credit rating at 'A' with a "stable" outlook. In June 2025 Moody's affirmed the long-term deposit ratings at 'A1' with a "stable" outlook. In March 2025, Capital Intelligence Ratings has affirmed the bank's long-term rating to 'AA-' with a "stable" outlook.

Gulf Times