Qatar’s Islamic banks saw a sharp rise in non-resident deposits in 2025, while financing growth was led by the public sector, according to a report by Bait Al-Mashura Financial Consulting.
Non-resident deposits, which accounted for 7% of total deposits at Islamic banks, jumped 50% during the year, outpacing growth in deposits from both the private and public sectors.
Private-sector deposits, which made up the largest share of the total at 57%, increased by 6.1%, while public-sector deposits, accounting for 36%, rose by 3.8% from 2024.
Overall, deposits at Qatar’s Islamic banks rose 7.5% to QR364.4bn in 2025 from QR339.1bn a year earlier, giving the sector nearly 35% of total deposits in the country’s banking system.
The deposit growth came as total deposits in Qatar’s banking system increased by 1.7% during 2025, with Islamic banks outperforming conventional commercial banks, whose deposits declined by 1.1%, according to Qatar Central Bank (QCB) data cited in the report.
On the financing side, Islamic banks’ total financing reached QR418.3bn in 2025, up 4.2% from the previous year, but the pace of growth varied widely across sectors, the report indicated, citing QCB-issued quarterly data.
Financing to the public sector recorded the strongest growth, rising 20.3%, followed by an 8.8% increase in financing for the contracting sector.
Financing for the industrial, real estate, and consumer sectors rose by 3.9%, 3.8%, and 1.5%, respectively, while financing for the services sector declined by 4.3%.
Islamic banks accounted for 29% of total banking-sector financing in 2025, while their assets represented 28% of the sector’s total assets.
The figures point to a year in which Qatar’s Islamic banks continued to expand their share of the country’s financial system, with a particularly strong increase in deposits from outside the country and a marked rise in financing to the public sector.
