Qatar Islamic Bank Posts 388 Mln Riyals In Q1 Net Profit

Qatar Islamic Bank (QIB), the Gulf state’s second-largest lender by market value, posted a 20.9 percent jump in first-quarter net profit, the bank said in a statement on Wednesday.

The bank made a net profit of 388 million riyals ($106.6 million, EGP 643.7 million), compared with 321 million riyals a year earlier, Reuters reported.