QIB ranks third globally among upper mid-size banks in Forbes’ list
Tribune News NetworkDohaQatar Islamic Bank (QIB) has ranked third globally in the Tier 3 Upper Mid-Size Banks category of Forbes’ World’s Top Performing Banks 2026. The recognition...
Qatar Islamic Bank (QIB) has secured the third position globally in the Tier 3 Upper Mid-Size Banks category of Forbes’ World’s Top Performing Banks 2026. This ranking highlights QIB’s strong financial performance, as evidenced by its net profit of QR4.835 billion, a 5% year-on-year increase. The bank’s total assets grew by 10.1% to QR221.1 billion, while customer deposits rose by 14.2% to QR142.7 billion.
QIB’s cost-to-income ratio was the lowest in the Qatari banking sector at 16.3%, and it maintained a financing-to-deposit ratio of 90%, a non-performing financing ratio of 1.65%, and a capital adequacy ratio of 22.2%. Group CEO Basel Gamal expressed satisfaction with the ranking, attributing it to QIB’s disciplined approach and long-term strategy.
Brief written by urgent.news from Qatar Tribune Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
