Qatar’s biggest Islamic bank remains hard to beat. Last year, it offered shareholders a 17.8% return on equity, a 2.1% return on assets and one of the industry’s lowest cost-to-income ratios at 17.4%.
Qatar Islamic Bank (QIB), under chief executive Bassel Gamal, managed to reduce its non-performing assets ratio to 1.5% in 2022 from 1.8% the previous year thanks to digitally enhanced risk management tools.
Last year saw a 20% jump in mobile app users and a 48% increase in total digital transactions.
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