Qatar Islamic Bank (QIB) has reported net profit of QR986mn in the first three months of this year.
Total assets stood at QR224bn in January-March 2026, representing a growth 5.9% on an annualised basis. Financing and investing activities were the primary drivers for the asset growth.
Financing assets reached QR146.4bn, having grown by 11.1% against March 2025 levels. Investment securities reached QR60.7bn, surging 14% year-on-year.
Customer deposits grew 5.4% year-on-year to QR140.7bn at the end of March 2026. Financing-to-deposit ratio was 95% at the end of March 31, 2026 compared with the Qatar Central Bank (QCB) maximum requirement of 100%, reflecting the bank’s strong liquidity position.
Total income stood at QR2.71bn while net income from financing and investing activities was QR2.47mn in the first quarter (Q1) of 2026.
Total general and administrative expenses stood at QR277mn in Q1-2026. The bank’s drive to improve the efficiency supported by strict cost management measures helped it to maintain the cost-to-income ratio at 17% in the review period, 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 1.56%, 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 at 95% at the end of March 2026.
Total shareholders’ equity reached QR29.4bn in Q1-2026, an increase of 9.4% on an annualised basis. Total capital adequacy, under Basel III guidelines, was 22.9%, well above the regulatory minimum requirements prescribed by the QCB and Basel Committee.
In March 2026, Capital Intelligence Ratings has affirmed QIB's long-term rating at ‘AA-’ with a stable outlook.
