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QIB’s quarterly profit grows 14%

Qatar Islamic Bank (QIB) has announced a profit of QAR 1,815 million ($US499m) for the six months’ period ended 30 June 2022.
By TRENDS Desk
April 13, 2022 11:40 am
  • The Earnings per Share (EPS) amounted to QR 0.36 as of March 31, 2022 versus Earnings per Share of QR 0.32 for the same period in 2021
  • Qatar Islamic Bank was founded in 1982 as the first Islamic financial institution in Qatar, with a capital of about 2,362 billion riyals

Qatar Islamic Bank (QIB), a Qatari shareholding company, on Tuesday announced a net profit of QR 855 million for the three months period ended March 31, 2022 representing a growth of 14 percent over the same period in 2021.

The Earnings per Share (EPS) amounted to QR 0.36 as of March 31, 2022 versus Earnings per Share of QR 0.32 for the same period in 2021.

Total Assets of the Bank have increased by 6.8 percent compared to March 2021 and now stand at QR 193 billion driven by the continued growth in the financing and investing activities.

Qatar Islamic Bank was founded in 1982 as the first Islamic financial institution in Qatar, with a capital of about 2,362 billion riyals.

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