Executive Summary
Qatar Islamic Bank was the first Islamic bank in Qatar and it commenced operations in the year 1982. The bank operates in four segments: (i) Corporate Banking (ii) Personal Banking (iii) Group Function (iv) Local & International subsidiaries. In terms of net income composition, based on FY20 data, personal banking has the highest share amounting to 38%, followed by corporate banking, which contributes around 32%. The bank has weathered the COVID-19 storm and achieved a strong and steady performance across all divisions through the successful implementation of its business strategy. It also has one of the lowest efficiency ratios among the Qatar banks.
Company Report Series
Over the past decade, Marmore MENA Intelligence has published a wealth of economic and industry intelligence for research professionals interested in the MENA region. Our comprehensive reports have provided detailed analysis of growth opportunities, evolving trends, competitive landscape, regulatory developments and their effects on business organizations.As part of our latest offerings, Marmore is publishing a series of company reports that enables one to understand a company's business proposition and challenges. These reports are presented in a way that make them accessible for a broader audience who are looking to get a quick understanding of a company's business model and its risks. Our analysis goes beyond what is stated in the websites and annual/quarterly reports and provide a clear sense of what the businesses do, the challenges that they face in a format that is pleasing to read.
All reports in the Company Series follow the same outline as below:
- Business Description
- Geography of Operations
- Ownership Details
- What we like about their Business
- Key Risks
- Potential Future Outcome
- Financials and key ratios for past seven years
