Qatar Islamic Bank (QIBK) Q2 2025 earnings summary

Executive summary

• Net profit attributable to shareholders for H1 2025 reached QAR 2.175 billion, up 5.3% year-over-year, with Q2 net profit at QAR 1.2 billion, and EPS at QAR 0.92, up 5.3%.

• Total assets grew to QAR 212.1 billion as of 30 June 2025, a 10.3% increase year-over-year and 5.6% since December 2024.

• Incorporated in 1982 as Qatar's first Islamic financial institution, holding 38% of listed Islamic bank assets and ranking second in the country by total assets, financing assets, and net profit.

• Recognized for digital transformation, high operating efficiency, and consistent profitability, with strong government support and a robust brand.

• Interim consolidated financial statements for H1 2025 reviewed with no material misstatements identified.

Financial highlights

• Financing assets reached QAR 131 billion, up 4.4% since December 2024 and 3% year-over-year; customer deposits stood at QAR 135 billion, up 10% year-over-year.

• Investment securities rose to QAR 60.1 billion, up 13.4% since December 2024 and 22% year-over-year, mainly from State of Qatar sukuk.

• Total income for H1 2025 was QAR 5.64 billion, with net operating income at QAR 3.28 billion, up 3.4% year-over-year.

• Operating expenses were QAR 538 million, up 2.7% year-over-year, with a cost-to-income ratio of 16.4%, the lowest in the sector.

• Interim cash dividend of QAR 0.40 per share (QAR 945.2 million) approved for H1 2025, up from QAR 0.25 per share in H1 2024.

Outlook and guidance

• Loan growth for 2025 expected at 5%-6%, mainly from private and personal banking; fee income growth targeted at 5%-7%.

• Cost growth projected at 3%-4% for the year, in line with inflation.

• Net interest margin guidance remains stable for financing, with possible slight compression at the group level due to higher government sukuk investments.

• Continued focus on digital transformation and operational efficiency.

• New AAOIFI standards to be adopted from 2026, impacting reporting for quasi-equity and off-balance sheet assets.