Qatar Islamic Bank recorded a net profit of QAR 4B ($1.1B) for FY-2022, up 13% over the same time in 2021. According to data provider Refinitiv, the profit exceeded analysts’ median forecast of QAR 3.7B.
The bank stated on its website Monday that basic earnings per share were QAR 1.62 versus QAR 1.42 as of 31 December 2021. The lender’s board of directors has suggested a dividend payout of QAR 0.625 per share or 62.5% of the nominal share value.
Net income from financial activities increased by 8.4% to QAR 6.5B from QAR 6B the previous year. The bank said that investment income increased by 28.2% to QAR 1.5B.
