Qatar Islamic Bank reported a net profit of QR 986M ($271M) for the first quarter of 2026, reflecting the bank’s robust financial health against geopolitical headwinds.
The total assets of the bank reached QR 224B from January to March: an annual growth of 5.9%. The primary drivers for this asset growth were financing and investing activities.
Financing assets amounted to QR 146.4B, an increase of 11.1% on March FY25.
Investment securities surged by 14% YoY to reach QR 60.7B. Customer deposits also saw a growth of 5.4% year-on-year, amounting to QR 140.7B by the end of March 2026.
The financing-to-deposit ratio stood at 95%, well within the Qatar Central Bank’s maximum requirement of 100%, indicating a strong liquidity position.
Total shareholders’ equity rose to QR 29.4B, reflecting an annualised increase of 9.4%.
The bank’s total capital adequacy, adhering to Basel III guidelines, was reported at 22.9%, significantly above the regulatory minimum stipulated by the Qatar Central Bank and the Basel Committee.
In March 2026, Capital Intelligence Ratings affirmed QIB’s long-term rating at ‘AA-’ with a stable outlook.
However, the IMF is forecasting a contraction of 8.6% for annual GDP in FY26 citing soaring commodity prices and bottlenecks in supply side because of the closure of the Strait of Hormuz.
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