Qatar Islamic Bank (QIB) reported net profit of QR3.53bn for the first nine months of 2026, up 2.0% on the same period in 2025, according to Gulf Times. Total assets reached QR235.5bn at 30 September 2026, up 9.7% year on year.
Financing grew faster than deposits
Financing assets reached QR160.7bn, up 16.1% from December 2025 and 21.9% from September 2025, the bank said. Customer deposits stood at QR145bn, up 1.6% from December 2025 and 8.3% year on year.
Total assets were up 6.5% from QR221bn at 31 December 2025. Total income for the nine months reached QR8.52bn, against total operating expenses of QR844.6mn.
The cost-to-income ratio was 16.2%, which the bank said continues to be the lowest in the Qatari banking sector. Net profit attributable to shareholders was QAR 3,525.2mn, up 2.0%, according to Zawya. Basic earnings per share were QAR 1.49, compared with QAR 1.46 a year earlier.
Capital, asset quality and ratings
Shareholders' equity stood at QR31.9bn, up 7.7% from QR29.6bn at the end of 2025 and up 12.2% year on year. The total capital adequacy ratio was 23.6% at 30 September 2026 under the new Qatar Central Bank guidelines, higher than the minimum requirements set by the QCB and the Basel Committee.
The ratio of non-performing financing assets to total financing assets was 1.51%. The bank described this as one of the lowest in the industry, reflecting the quality of its financing portfolio and its risk management framework, according to Zawya.
Moody's Investors Service affirmed QIB's long-term deposit ratings at A1 with a stable outlook in June 2026. Fitch Ratings affirmed the bank's credit rating at A in September 2026. Euromoney and Global Finance recognised QIB as Qatar's best bank and best bank in Qatar respectively, according to Gulf Times.
Related: Qatar Islamic Bank’s Nine-Month Profit Rose 2% as Financing Expanded
Sources: gulf-times.com, zawya.com