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Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

QIB’s profit shoots up 13%

A front view of the headquarters of Qatar Islamic Bank in Doha. (QNA)
By TRENDS Desk
October 18, 2022 2:28 pm
  • 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
  • QIB carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia

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.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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