QIB named Qatar’s safest Islamic bank, third in GCC

Qatar Islamic Bank (QIB), the leading digital bank in Qatar, has been named the Safest Islamic Bank in the country and the third safest among Islamic financial institutions in the Gulf Cooperation Council (GCC) according to Global Finance's 2026 World's Safest Banks rankings. This recognition underscores QIB's robust financial position, effective risk management, and adherence to high financial standards.

The accolade is part of Global Finance's 35th annual World's Safest Banks rankings, which evaluate the stability and financial strength of major banking institutions globally. The assessment is based on long-term foreign currency credit ratings issued by leading international rating agencies.

For the nine months ending September 30, 2026, QIB reported a net profit of QR3,525.2 million, marking a 2 percent increase from the same period in 2025. The bank's assets totaled QR235.5 billion and customer deposits amounted to QR145 billion. QIB maintained a strong capital adequacy ratio of 23.6 percent and a cost-to-income ratio of 16.2 percent, the lowest in the Qatari banking sector, indicating its financial stability and operational efficiency.

The bank's credit ratings from major agencies also bolster its financial strength; Fitch Ratings affirmed QIB's credit rating at 'A' in September 2026, while Moody's affirmed its long-term deposit rating at 'A1' with a stable outlook in June 2026. Capital Intelligence Ratings also affirmed QIB's long-term rating at 'AA-' with a stable outlook in March 2026.

QIB Group CEO Bassel Gamal expressed satisfaction with the recognition, stating that it reflects the bank's robust financial position, prudent risk management, and the confidence of its customers and stakeholders. He emphasized the bank's commitment to remaining resilient, delivering innovative Shari'a-compliant solutions, and contributing to Qatar's economic growth.

Global Finance's evaluation of the safest Islamic banks highlights institutions dedicated to advancing Shari'a-compliant banking, which can influence the rankings for the following year.