23 Hrs
Source:
الشرق
Al Rayan Bank reports 687M Riyals profit
Qatar Islamic Bank (QIB) reported a net profit of 687 million Qatari riyals for the first half of 2026, despite a 4.2% decrease in pre-tax profits compared to the same period last year. Total financing assets increased by 1.5% to reach 114 billion riyals, while customer deposits grew by 8.4% to amount to 120 billion riyals. The bank maintained a strong financial policy, with a capital adequacy ratio of 25.61%. The bank’s results reflect its efforts in digital transformation and enhancing operational efficiency, with a focus on sustainable growth and Shariah-compliant services, aimed at supporting economic development and delivering sustainable value to shareholders and customers.
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