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; Q2 2025 net profit was QAR 1.2 billion, up 7.2% year-over-year.

• 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.

• Operates 21 branches and over 187 ATMs/CDMs in Qatar, with selective international presence in the UK, Sudan, and Lebanon.

• Strong government support, with QIA as the largest shareholder, and a robust brand in Islamic banking.

• Recognized for digital transformation, high operating efficiency, and consistent profitability.

Financial highlights

• Total assets reached QAR 212.1 billion as of June 2025, up 10.3% year-over-year and 5.6% from December 2024.

• Financing assets reached QAR 131 billion as of June 2025, up 4.4% from December 2024 and 3% from June 2024.

• Customer deposits were QAR 135 billion, up 8% from December 2024 and 10% from June 2024; government deposits comprised 33%-34% of total deposits.

• Net profit for H1 2025 was QAR 2,175 million, a 5.3% increase year-over-year; EPS at QAR 0.92, up 5.3%.

• Cost to income ratio at 16.4%, among the lowest in the sector.

Outlook and guidance

• Loan growth for 2025 expected at 5%-6%, mainly from private and personal banking.

• Fee income growth targeted at 6%-7% for the year; H1 fee income grew 4.5%.

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

• Net interest margin (NIM) guidance remains stable for financing; slight compression possible at group level due to higher allocation to low-risk government assets.

• Continued focus on digital transformation and operational efficiency.