QIB Reports QR 1.13 Billion Net Profit

Doha, October 18 (QNA) – Qatar Islamic Bank (QIB) disclosed the interim financial statements for the period ending September 30, 2012. The interim financial statements revealed a net profit of QR 1.13 Billion for the nine months period ended September 30, 2012 in comparison to a net profit of QR 1.11 Billion for the corresponding period last year, the bank said in a statement issued on Thursday .
The company’s Earnings per Share (EPS) amounted to QR 4.79 for the period ended September 30, 2012 versus QR 4.81 for the corresponding period in 2011.
It is noted that Qatar Islamic Bank (QIB) was established on 8 July 1982 as a Qatari shareholding company by the Emiri Decree No.45 of 1982 in order to provide banking services in accordance with the provisions of Islamic Shari a and as per the regulations of Qatar Central Bank (QCB).
It commenced operations with one branch in July 1983 and expanded to 8 branches by 2005.
The Bank carries out banking services, investment and financing activities through various Islamic modes of financing, such as Sukuk/Securitization. (QNA)

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