PRESSR: QIB Profit grows by 3.1% to reach QAR 985mln for three months’ period ended 31 March 2025

About this update from Qatar Islamic Bank

Doha, Qatar: Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March 2025. Net Profit attributable to the Shareholders of the Bank amounted to QAR 985 Million for the three months’ period ended 31 March 2025 representing a growth of 3.1% over the same period in 2024. Total Assets of the Bank as at 31 March 2025 stands at QAR 212 Billion representing a growth of 5.4% compared to QAR 201 Billion as at 31 December 2024 and up by 10.2% compared to 31 March 2024. Financing and investing activities were the primary drivers for the asset growth. Financing assets as at 31 March 2025 reached QAR 131.8 Billion, having grown by 5.2% compared to December 2024 and up by 5.7% compared to March 2024. Investment Securities reached QAR 53.3 Billion as at 31 March 2025 are up by 0.5% against December 2024 and a growth of 9.3% compared to March 2024. Customer Deposits stand at QAR 133.5 Billion as at 31 March 2025 registering a growth of 6.8% compared to December 2024 and up by 8.4% compared to March 2024. Financing to Deposit ratio was 91.4% as at 31 March 2025 compared to QCB maximum requirement of 100%, reflecting the Bank’s strong liquidity position.Total Income for the three months’ period ended 31 March 2025 reached QAR 2,798 Million. Net income from financing and investing activities at QAR 2,559 Million for the three months’ ended 31 March 2025.Total general and administrative expenses of the Bank was QAR 268 Million for the three months’ period ended 31 March 2025. The Bank’s drive to improve the efficiency supported by strict cost management measures helped the bank to maintain the cost-to-income ratio 16.6% for the three months’ period ended 31 March 2025, which is the lowest in the Qatari Banking sector.QIB was able to manage the ratio of non-performing financing assets to total financing assets at 1.76%, one of the lowest in the industry, reflecting the quality of the Bank’s financing assets portfolio and its effective risk management framework. QIB continues to pursue the conservative impairment policy by building precautionary impairment charge for financing assets, other assets and other provisions and maintain a healthy coverage ratio for non-performing financing assets to 95% as at 31 March 2025.Total Shareholders’ Equity of the Bank reached QAR 26.9 Billion, an increase of 9.0% compared...

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