Qatar’s Islamic finance sector expanded its total assets to “QR718.5bn” in 2025, a “5.3%” increase from the previous year, according to an annual report released by Bait Al-Mashura Finance Consultations ahead of the Doha Islamic Finance Conference opening on Tuesday.
Islamic banks dominated the sector, accounting for “87.8%” of total assets, with sukuk in second place at “11%” and takaful insurance at “0.7%.” Assets of Islamic banks in Qatar rose to “QR616.5bn” last year, up from “QR585.5bn” in 2024, outpacing the “5%” growth posted by conventional banks during the same period.
Domestic assets of Islamic banks grew “4.6%” to “QR554.3bn,” while reserves edged up “3.7%” to “QR21.3bn.” Local Islamic banks hold close to “28%” of total banking sector assets in Qatar. Over the five years to 2025, Islamic banks recorded a compound annual growth rate of around “4%,” compared to “3%” for conventional commercial banks.
Dr Khalid bin Ibrahim al-Sulaiti, vice-chairman of Bait Al-Mashura Finance Consultations, said the results show an industry that continues to draw strong investment interest while holding its position as one of the most stable financial sectors in the region. He stated that the sector’s growth reflects Qatar’s prudent economic policies and the strength of the regulatory framework overseen by the Qatar Central Bank (QCB).
Qatar has four Islamic banks among its 16 operating banks, two of which rank among the world’s top ten by assets. Qatar Islamic Bank (QIB) placed “sixth globally,” with Al Rayan Bank “seventh,” in 2025.
In the takaful segment, total assets climbed “5.9%” to “QR4.7bn” in 2025, up from “QR4.4bn” in the previous year. Damaan Islamic Insurance Company (Beema) posted the sharpest growth at “20.3%,” followed by Alkhaleej Takaful Insurance at “2.4%” and Islamic Insurance Company at “1%.”
Islamic finance companies recorded total assets of “QR2.6b,” a “3.9%” rise year-on-year, with Al Jazeera Finance leading the sector with asset growth of “9.1%.”
The Islamic investment segment, comprising two companies, grew “4.8%” to “QR552.5mn.” The First Investor’s assets reached “QR492mn,” up “6.3%,” while Investment House declined “5.5%” to “QR60mn.”
On the sukuk side, the QCB issued “QR10.1bn” worth of sukuk in 2025, which represented “43.4%” of total sukuk and bond issuances for the year. Over the past five years, the QCB’s sukuk issuances totalled “QR47.7bn,” accounting for “44.2%” of all government sukuk and bond issuances during that period.
