{
  "id": 16569956,
  "title": "QIIB net profit surges 1.5% to QR1,115m in Q3",
  "url": "https://urgent.news/2026/10/26/qiib-net-profit-surges-1-5-to-qr1-115m-in-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T06:33:21.000Z",
  "source": {
    "name": "The Peninsula Qatar Business",
    "slug": "the-peninsula-qatar-business",
    "url": "https://thepeninsulaqatar.com/article/26/10/2026/qiib-net-profit-surges-15-to-qr1115m-in-q3"
  },
  "original_language": "en",
  "account": "In the third quarter of 2026, Qatar International Islamic Bank (QIIB) reported a net profit surge of 1.5% to QR1,115 million. Chairman of the Board Sheikh Dr. Khalid bin Thani bin Abdullah Al-Thani praised the bank's strong performance, attributing it to effective execution, well-balanced strategy, robust governance, and prudent risk practices. He expressed the bank's commitment to strengthening its balance sheet, mirroring the resilience of the Qatari economy, under the guidance of His Highness Sheikh Tamim bin Hamad al-Thani.\n\nThe bank's total income grew to QR2,461 million, while total assets expanded to QR63.6 billion, marking a 5% increase compared to the same period last year. Total financing portfolio increased by 6.9%, reaching QR44.1 billion. Customer deposits grew by 2.0% to QR43.2 billion, and total equity rose by 7.9% year-on-year to QR10.64 billion. The Cost-to-Income efficiency ratio remained outstanding at 18.7%. Asset quality remained exceptionally strong, with a non-performing financing (NPF) ratio of 3.0% and a coverage ratio of 90.6%. The Capital Adequacy Ratio (CAR) reached 22.4%, surpassing the regulatory requirements set by the Qatar Central Bank (QCB).\n\nQIIB's strategic focus remains on the domestic market, with efforts targeted at financing bankable, high-impact projects, and emphasizing corporate banking and Small and Medium Enterprises (SMEs). The bank has received several international awards for innovation, sustainability, and Islamic banking excellence.",
  "summary": "<p>Doha, Qatar: Chairman of the Board of Directors of Qatar International Islamic Bank (QIIB), Sheikh Dr. Khalid bin Thani bin Abdullah Al-Thani, has announced the Bank&rsquo;s financial results for the period that ended on September 30, 2026.</p> <p>The financial statements reflect sustained momentum and robust growth across all business lines, further bolstering QIIB&rsquo;s position among the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}