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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar Islamic’s net profit soars

Posted on 20 October 2011

Qatar Islamic Bank (QIB) has reported a 22% jump in its January-September 2011 net profit to QR1.11bn mainly on its robust core earnings and lower impairments on its credit and investment portfolios.
Net income from financing was down 6% to QR1.36bn, while that from investments jumped about nine-fold to QR499.71mn. Thus, its total net financing and investment income rose 24% to QR1.86bn, according to its financial statement filed with the Qatar Exchange……………………………………….Full Article: Source

 
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