Doha: Fitch Ratings has affirmed Qatar Islamic Bank's (QIB) Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook. This affirmation reflects the bank's financial stability and performance.
According to Qatar News Agency, QIB's net profits increased by 3.1 percent in the first quarter of this year. The bank reported net profits of QAR 985.1 million for the period ending March 31, 2025, compared to QAR 955.1 million for the same period in 2024. The increase in net profits signals positive financial growth for the bank.