Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, reported a 12.8 percent jump in nine-month net profit on Monday.
The Islamic lender made a net profit of QR1.1 billion ($300 million) during the period, a company statement said, up from QR975.1 million in the same period a year ago.
The bank did not provide a breakdown of third-quarter earnings. Analysts on average forecast the lender would make a net profit of QR378.05 million for the period in a Reuters poll.
Source: Arabian Business