QIB net profit grows by 5.3% to QR2,175m in H1
The Peninsula
DOHA: Qatar Islamic Bank (QIB), Qatar s leading Islamic Bank, has announced the results for the six months (H1) period ended 30 June 2025. Net profit...
DOHA: Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the six months’ (H1) period ended 30 June 2025. Net profit attributable to the shareholders of the bank amounted to QR2,175m for the six months’ period ended 30 June 2025 representing a growth of 5.3% over the same period in 2024.
Basic earnings per share for the six months period ended 30 June 2025 is QR0.92 compared to QR0.87 for the six months period ended 30 June 2024. The Board of Directors of QIB have authorized the distribution of interim cash dividend to shareholders of QR0.40 per share i.e. 40% of the nominal share value payable to eligible shareholders as at the close of trading on 24 July 2025, subject to Qatar Central Bank approval.
Total Assets of the Bank as at 30 June 2025 stands at QR212.1bn representing a growth of 5.6% compared to QR200.8bn as at December 31 2024 and up by 10.3% compared to June 30 2024.
Financing and investing activities were the primary drivers for the asset growth. Financing assets as at 30 June 2025 reached QR130.8bn, having grown by 4.4% compared to December 2024 and up by 3.1% compared to June 2024. Investment Securities reached QR60.1bn as at 30 June 2025, up by 13.4% against December 2024 and a growth of 21.9% compared to June 2024.
Customer Deposits stand at QR135bn as at 30 June 2025 registering a growth of 8.0% compared to December 2024 and up by 10% compared to June 2024. Finance to Deposit Ratio of the Bank was 96.8% as at 30 June 2025, which is one of the lowest among its peer banks in Qatar reflecting the Bank’s strong and stable liquidity position.
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