#Qatar International Islamic Bank's results roughly in line with its Islamic banking peers in Qatar, analyst says | ZAWYA MENA Edition

Qatar International Islamic Bank's results roughly in line with its Islamic banking peers in Qatar, analyst says | ZAWYA MENA Edition:

Qatar International Islamic Bank reported on Monday a 6 percent rise in net profit for 2018 and an 11.3 percent rise in fourth quarter earnings (Q4).

Net profit for the year 2018 amounted to 882.1 million Qatari riyals ($242.24 million), compared to 832.2 million Qatari riyals for 2017. Net profit for Q4 2018 was 147.01 million Qatari riyals, versus 132.09 million Qatari riyals in the same period a year earlier.

“QIIB (Qatar International Islamic Bank) delivered a result roughly in line with its Islamic banking peers in Qatar,” Akber Khan, senior director of asset management at Qatari-based Al Rayan Investment, told Zawya by email.