Qatar Islamic Bank (Q.P.S.C.) Announces Earnings Results for the Three Months Ended March 31, 2017
April 15, 2017
Share
Qatar Islamic Bank (Q.P.S.C.) announced earnings results for the three months ended March 31, 2017. For the period, the company’s net Profit attributable to the Shareholders of the Bank amounted to QAR 555 million representing a growth of 12.8% over the three months period ended 2016. Total Income was QAR 1,496 million registering 16.3% growth compared to QAR 1,287 million for same period in 2016. Income from financing and investing activities has grown by 19.8% to reach QAR 1,326 million compared to QAR 1,107 million for three months period ended 31st March 2016, reflecting a healthy growth in the Bank’s core operating activities.
Qatar Islamic Bank QPSC is a Qatar-based banking institution. The Bank is primarily involved in corporate, retail and investment banking in accordance with Islamic sharia rules as determined by sharia supervisory board of the Bank, and has over 26 branches in Qatar and a branch in Sudan. The Bank operates under the following segments: Corporate Banking, which includes services offered to institutional investors, corporate, small and medium enterprises, financial institutions and investment vehicles; Personal Banking, which includes services that are offered to individual customers through local branches of the bank which includes checking and savings accounts, credit cards, personal lines of credit and mortgages, among others; Group Function, which includes treasury, investment, finance and other central functions, as well as Local and International Subsidiaries. The Bank is a subsidiary of Qatar Islamic Bank QPSC.
QATAR ISLAMIC BANK (Q.P.S.C.) 
