- Qatar Islamic Bank has reported a net income of 955.1 million riyals in the first quarter.
- There has been a 5.5% year-on-year increase on the net income.
- EPS (Earnings per share) is 0.40 riyals, marking an increment from previous year’s 0.38 riyals.
- Total assets of the bank stand at 191.9 billion riyals, reflecting a significant 7.7% growth from the last year.
- The cumulative income has surged to 2.82 billion riyals, showing a considerable 17% annual growth.
- Analysts rate Qatar Islamic Bank’s shares as a solid investment option – with three buy recommendations, two hold and zero sell.
A look at Qatar Islamic Bank SAQ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Qatar Islamic Bank SAQ, according to Smartkarma Smart Scores, has a mixed long-term outlook across various factors. With a Value score of 2, the company might have some room for improvement in terms of its valuation compared to its peers. Similarly, the Dividend score of 2 suggests a moderate performance in terms of dividend payouts. However, the Growth score of 3 indicates a positive outlook for the company’s future expansion and development. In terms of Resilience and Momentum, Qatar Islamic Bank SAQ scored a 2, pointing to a stable but not particularly dynamic performance in these areas. Overall, the Bank seems to have potential for growth while maintaining stability in its operations.
Qatar Islamic Bank (QIB) focuses on attracting deposits and providing Islamic banking services in line with Sharia principles. The Bank offers various financial products, including financing for local and international purchases, support for business projects, asset acquisition for leasing purposes, and investments in local businesses. Additionally, QIB provides services such as letters of credit and guarantees to its clients. With a balanced performance in terms of Smartkarma Smart Scores, Qatar Islamic Bank SAQ continues to navigate the market with a strategic focus on growth, stability, and adherence to Islamic banking principles.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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