Qatar Islamic Bank posts 7% rise in M9 2023 net profit

Qatar Islamic Bank posts 7% rise in M9 2023 net profit

Qatar Islamic Bank posts 7% rise in M9 2023 net profitWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>BUSINESS>Banking & Insurance>Qatar Islamic Bank posts...PHOTOQatar Islamic Bank has reported its nine-month 2023 net profit of 3.05 billion riyals ($839 billion), up 7% over the same period last year.Total income for the period was up 24% at QAR 8.096 billion, the bank said in a statement on its website on Tuesday.Total assets stood at QAR 187 billion, up 1.5% compared to December 2022 and a growth of 1.7% compared to September 2022. Financing and investing activities were the primary drivers for the asset growth.(Writing by Brinda Darasha; editing by Seban Scaria)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of