QIIB Reports Net Profit of QAR 840 Million for 3Q 2021

On the 25th of October 2021, Qatar International Islamic Bank (QIIB) reported a net profit of QAR 840 million for the third quarter that ended on the 30th of September 2021 (3Q 2021), up 7% from 3Q 2020. The company's earnings per share (EPS) for 3Q 2021 came in at QAR 0.55.

Why it Matters?

Sheikh Dr Khalid bin Thani, Chairman at QIIB, noted the 3Q 2021 results demonstrate the acceleration in the bank’s growth and that its performance can be attributed to Qatar’s solid economy, which fosters a favourable environment for business growth and development across all sectors.

Details

In 3Q 2021, total revenue climbed up to QAR 1,851 million compared to QAR 1,837 million in the same period last year. Total a...