Qatar Islamic Bank (QIBK) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders for the nine months ended 30 September 2025 reached QAR 3.45 billion, up 5.8% year-over-year; Q3 net profit was QAR 1.28 billion, up 6.7% from Q3 2024.

• Total assets grew to QAR 214.7 billion as of 30 September 2025, up 8.7% year-over-year and 6.9% since December 2024.

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

• Operates 21 branches and over 188 ATMs/CDMs in Qatar, with selective international presence in the UK, Sudan, and Lebanon.

• Strong government support, robust brand, and ambitious digital transformation program underpin continued growth and profitability.

Financial highlights

• Financing assets rose to QAR 131.9 billion, up 3.3% year-over-year and 5.3% since December 2024.

• Customer deposits increased to QAR 133.9 billion, up 7.1% since December 2024 and 5.9% year-over-year.

• Net operating income for the nine months was QAR 5 billion, up 2.9% year-over-year.

• Net income from financing activities for nine months reached QAR 7,081.1 million, up from QAR 6,846.0 million year-over-year.

• Cost to income ratio at 16.0%, among the lowest in the Qatari banking sector.

Outlook and guidance

• NIMs expected to remain stable despite anticipated rate cuts; impact on funding and asset sides expected to offset.

• Loan book growth target for the year remains at 5%-6%, with private sector credit performing in line with expectations.

• The Group expects to benefit from new AAOIFI standards effective from 2026, impacting quasi-equity and off-balance sheet assets.

• Sale of a stake in QInvest LLC is anticipated to complete within a year, potentially impacting future results.

• Cost-to-income ratio expected to remain around 16% in the coming year.