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)