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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar Islamic Bank - first half 2012 net profit grows by 5pct to reach QR737mln

Posted on 12 July 2012

Qatar Islamic Bank (QIB), the Islamic Bank in Qatar has announced the financial results for the six months ended 30 June 2012. QIB has achieved a net profit of QR736.9m, up 5% compared to QR703.3m during the same period last year.
Total Assets of the bank have moved up to QR63.2bn, reflecting a strong growth of 26% compared to QR50.1bn as of 30th June 2011. Key driver of this growth was financing activities that now stand at QR35.8bn having added QR11bn in last one year, representing a 45% growth over QR24.7bn as of 30th June 2011. (Press Release)

 
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