Doha, Qatar—The net profit of Qatar Islamic Bank (QIB) has shot up 12.87 % in the first nine months of 2022 to reach $783 million, compared to $692 million in the same period last year.
The bank’s data showed an increase in earnings per share for the period ending on Sep. 30, 2022, to reach QR1.21, compared to QR 1.07 for the same period last year.
Qatar Islamic Bank was established in 1982 and was listed on Qatar Stock Exchange in 1997. It carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia.