Qatar Islamic Bank Q.P.S.C. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 18, 2020
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Qatar Islamic Bank Q.P.S.C. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was QAR 1,519.236 million compared to QAR 1,462.231 million a year ago. Net income was QAR 790.018 million compared to QAR 790.048 million a year ago. Basic earnings per share from continuing operations was QAR 0.33 compared to QAR 0.33 a year ago. For the nine months, net interest income was QAR 4,503.735 million compared to QAR 4,350.134 million a year ago. Net income was QAR 2,216.541 million compared to QAR 2,215.357 million a year ago. Basic earnings per share from continuing operations was QAR 0.94 compared to QAR 0.94 a year ago.
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.) 
