Qatar Islamic Bank Posts Strong Rise In Net Profit

Thursday, Apr 12, 2012

(This story was originally published Wednesday.)

DOHA (Zawya Dow Jones)--Qatar Islamic Bank (QIBK.DO), the largest sharia-compliant lender in the Gulf Arab state, Wednesday posted a 21% rise in first-quarter net profit to 388 million Qatari riyals ($106.6 million), from QAR320.8 million a year earlier.

First-quarter earnings per share were QAR1.64, compared with QAR1.45 a year earlier.

Shares in QIB slipped 0.5% Wednesday to QAR77, in a slightly negative overall market.

-By Alex Delmar-Morgan, Dow Jones Newswires; +974 6659 9818; alex.delmar-morgan@dowjones.com

(END) Dow Jones Newswires

12-04-12 0359GMT