Qatar Islamic Bank net profit up 15% in Q2, beats views

Qatar Islamic Bank, or QIB, the Gulf state’s largest Shariah-compliant lender by assets, posted a 15 per cent jump in second-quarter net profit on Monday, according to Reuters calculations, beating analysts’ views.

The Islamic lender made a net profit of QR389.6 million ($107 million) during the three months to June 30, Reuters calculated, compared with QR338.9 million in the same period a year ago.

Analysts on average forecast a net profit of QR348.8 million for the period in a Reuters poll.

Compiled from Reuters and staff reports