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Islamic Finance Briefing - Categorized | Banking, Performance more

QIIB profit jumps 20pct in Q3 on Qatar growth

Posted on 20 October 2011

International Islamic (QIIB) has posted a net profit of QR504mn in the third quarter of this year, up 20% on the same period last year. The bank’s total assets stood at QR22.2bn in Q3: a 22% jump compared with QR18.2bn in 2010.
QIIB chairman and managing director Sheikh Dr Khalid bin Thani bin Abdullah al-Thani said the bank’s results are ‘very good’ and it had ‘greatly benefited’ from Qatar’s rapidly expanding economy. ………………………………………Full Article: Source

 
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