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Finance & Banking | Global Arab Network
Qatar International Islamic Bank reveals QR 559 million net profit
Global Arab Network - - Ammar Shikhani
Qatar (Doha) - Qatar International Islamic Bank of Qatar (QIIB) discloses the financial statements for the year ended December 31, 2010.

The financials revealed a net profit of QR 559 million in 2010 versus QR 511.3 million in 2009. The Earnings per Share (EPS) amounted to QR4.03 in 2010 compared to QR 3.89 in 2009.

The bank also recommended a profit distribution in the form of 37.5% cash dividends; equivalent to QR 3.75/share subject to Qatar Central Bank (QCB) and the bank's Annual General Meeting (AGM) approval. Qatar International Islamic Bank has come a long way since its establishment as a full-service bank committed to Sharia principles, on January 1, 1991.

Qatar International Islamic Bank is well-placed to provide a full array of retail and corporate banking services to its growing customer base. A customer-centric bank, QIIB role in the banking landscape is achieving prominence as Islamic Banking gains momentum as a viable and sustainable proposition, side by side with conventional banking. (QNA)

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