QIIB Net Profit Rose 5% to QR735 Million in Q3 2018

October 16, 2018

Qatar International Islamic Bank net profit amounted to QR735 million, compared to QR700.1 million recorded in the same period last year, while the bank’s earnings per share reached QR4.86, versus QR4.63 in the corresponding period of 2017.

The Group’s Comments:

Qatar International Islamic Bank’s total income from its operating activities increased by 14.4% to QR1.58 billion, of which QR1.46 billion was from financing activities. The bank’s total expenses increased by 7.8% to QR382 million. The share of unrestricted owners in profits increased by 27.2% to QR415.2 million (although the balance of such deposits decreased by 2.3% to QR25.6 billion). As a result, net profit attributable to shareholders increased by 5% to QR735.1 million.