Qatar Islamic Bank (QIBK) Q1 2026 earnings summary

Executive summary

• Net profit attributable to shareholders for Q1 2026 was QAR 986 million, nearly flat year-over-year, with EPS at QAR 0.42 per share.

• Total assets reached QAR 224 billion, up 5.9% year-over-year and 1.3% sequentially.

• Financing assets grew 11.1% year-over-year to QAR 146.4 billion, driven by strong financing and investing activities.

• Customer deposits increased 5.4% year-over-year to QAR 140.7 billion.

• Recognized for robust financial performance, high operating efficiency, and multiple global and regional awards for banking excellence and innovation.

Financial highlights

• Total income for Q1 2026 was QAR 2,713 million, with net income from financing and investing activities at QAR 2,467 million.

• Cost-to-income ratio was 17.0%, among the lowest in the sector.

• Total operating expenses were QAR 277 million, up 33.1% year-over-year.

• Non-performing assets ratio was 1.56%, with a coverage ratio of 95%.

• Earnings per share remained at QAR 0.42 for the quarter.

Outlook and guidance

• Management maintains 5%-6% financing and revenue growth targets for 2026.

• Capital adequacy ratio stands at 22.9%, well above regulatory requirements.

• NIM expected to remain stable, with cost-to-income ratio guidance at 16.5%-17%.

• The bank is monitoring regional geopolitical developments and new tax regulations, with QAR 123 million tax liability recognized for Q1 2026.

• Guidance may be updated after Q2 as more clarity emerges on macro conditions.