Doha, UAE – Qatar Islamic Bank (QIB) achieved net profit of QR 4 billion ($1.2 billion) in 2022, an increase of 12.7 percent compared to its profit of $0.9 billion in 2021.
The return on the basic share amounted to QR 1.62 for the past fiscal year, compared to QR 1.42 in 2021.
The board of directors has proposed QR 0.625 per share, or 62.5 percent of the nominal value of the share, as cash dividends to shareholders.
The total assets for 2022 amounted to QR 184 billion, while financing assets accounted for QR 119.3 billion, and financial investments amounted to QR 45.8 billion.
“The results of the bank for the year 2022 reaffirm its solid foundations, and reflect the strength and stability of the banking sector in the State of Qatar, and the strength of the national economy in general,” the Board of Directors of Qatar Islamic Bank said.
Last November, the international rating agency Moody’s confirmed the bank’s long-term deposit rating at “A1” level, and in September. 2022 the credit rating agency Fitch affirmed the bank’s rating at the “A-” level.
In March 2022 the rating international agency Capital Intelligence rated the bank’s financial strength at “A+”.
