Qatar Islamic Bank (QIBK) investor relations material

Executive summary

• Nine-month net profit attributable to shareholders was QAR 3.525bn, up 2.0% YoY; Q3 profit was QAR 1.300bn, up 1.6%.

• Total assets reached QAR 235.5bn, up 9.7% YoY; financing assets rose 21.9% to QAR 160.7bn and customer deposits increased 8.3% to QAR 145bn.

• Asset quality remained strong, with NPF at 1.51%, provision coverage at 95.1% and capital adequacy at 23.6%.

Financial highlights

• Nine-month total income was QAR 8.520bn versus QAR 8.541bn; net financing and investing income was QAR 7.659bn versus QAR 7.753bn.

• Net operating income rose 3.9% to QAR 5.2bn; net fee and commission income increased 5% to QAR 699.8m.

• Nine-month expenses were QAR 844.6m, up 5.2%; cost-to-income ratio was 16.2% versus 16.0% YoY.

• Nine-month EPS was QAR 1.49 versus QAR 1.46; Q3 EPS was QAR 0.55 versus QAR 0.54.

• Impairment losses on financing assets were QAR 297.9m versus QAR 312.1m; other impairment losses rose to QAR 69m from QAR 10m.

Outlook and guidance

• Year-end financing is expected to stay near current levels or be marginally lower as planned syndicated-financing sell-downs remain in the pipeline; no major growth from Q3 levels is expected.

• FY 2026 NIM contraction is expected at 8–9 bps or slightly more; NIMs are expected to remain near H2 2026 levels next year.

• Near-term financing appetite is tempered by limited new projects and geopolitical uncertainty; private-sector and consumer demand remains supported by non-hydrocarbon activity.

• No immediate need for additional provisions was indicated; future cost of risk and provisioning depend on economic and geopolitical developments.