QIIB’s Net Profit Rises to $189.18 Million

Qatar International Islamic Bank’s (QIIB) net profit has increased by 5.2% in H1 of 2025, reaching $189.18 million, compared with $179.83 for the same period last year.

Announcing the financial results for the first six months of this year, QIIB said that the earnings per share (EPS) was $0.11 as against $0.10 for the same period last year.

The bank’s board of directors approved the distribution of interim cash dividends to shareholders amounting to (24%) of the nominal value per share (equivalent to $0.066 per share), to be paid to shareholders registered at the close of trading on 28 July 2025, subject to the Qatar Central Bank’s approval.

Commenting on the results, QIIB Chairman Dr Khalid bin Thani bin Abdullah Al-Thani said that QIIB has continued to deliver outstanding performance during the first half of 2025, in line with their strategic plans aimed at achieving sustainable growth, expanding the customer base, and enhancing innovation in banking services and products, thus leveraging Qatar’s advanced economic environment of exceptional opportunities in the process.

He added: “Our strategic focus on the local market, which still holds strong growth potential across sectors, has enabled us to maintain a leading position among Qatari financial institutions. This is backed by the high quality of our assets, operational efficiency, and a forward-looking vision that embraces technological and economic developments.”

QIIB’s Total Assets

QIIB CEO Dr Abdulbasit Ahmad Al Shaibei said that by the end of June 2025, total assets reached $16.62 billion compared with $16.28 billion at the end of H1 of 2024, which represents a 2.2% growth.

He said that net financing assets stood at $10.71 billion, which represented 1% growth compared with the same period last year, while customer deposits grew by 4.4% to $11.58 billion as against the same period at the end of H1 of 2024.

“Shareholders’ equity rose to $2.69 billion versus $2.58 billion at the end of H1 2024, and the capital adequacy ratio under Basel III standards reached 19.65%, underscoring our strong capital position and resilience to potential risks,” he said.

Dr. Al Shaibei attributed QIIB’s strong results to a number of key factors, foremost among them being operational efficiency, which remained solid with a cost-to-income ratio of 18.9%, and also highlighted the bank’s continued progress in digital transformation across all channels.

With regard to asset quality indicators, Dr. Al Shaibei said: “The ratio of non-performing financing remained low at 2.97%, while coverage for these exposures increased to 100%, reaffirming the strength of our financing portfolio and the low level of credit risk.”

Global ratings agency Moody’s has maintained QIIB’s rating at ‘A2’ with a stable outlook, while Fitch has confirmed the bank’s rating at ‘A’ with a stable outlook. These ratings reflect the bank’s asset quality, profitability, operational efficiency, resilient funding profile, robust capital base, and strong liquidity.