Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, posted a 7.6 percent increase in fourth-quarter net profit on Monday, Reuters calculated.
The lender made around 470 million riyals ($129.1 million) of ne
Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, said on Thursday it had completed its acquisition of Islamic Bank of Britain (IBB).
Al Rayan did not disclose the terms of the purchase.
Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, posted a 13.3 per cent increase in its second-quarter net profit, Reuters calculations show, edging ahead of analysts' forecasts.
Net profit for the s
Qatar's largest Islamic lender by market value Masraf al Rayan has reported a 13.2 per cent increase in its first-quarter net profit, beating analysts' expectations.
The net profit for the three months to the end of March
Qatar Solar Technologies (QSTec) said it has secured financing from country's leading Islamic bank Masraf Al Rayan for its ambitious $1 billion polysilicon manufacturing plant project.
QSTec is a joint venture between Qatar Solar,
Qatar's Masraf Al Rayan posted a net profit of QR1 billion ($274.6 million) in the first nine months of the year, compared to QR911.5 million in the year-ago period, a statement on the country's news agency said.
Masraf Al Rayan (MAR), a leading Islamic bank in Qatar, has achieved a net profit of QR691 million ($189.7 million) in the first half of the year, an increase of 14 per cent compared to the net profit of QR605 million from the same period of 2010.
Masraf Al Rayan, the fourth biggest lender in Qatar, said its full-year net profit for 2010 surged 37.5 per cent to QR1.21 billion ($332.3 million) compared to QR880.7 million the previous year.
The Qatari lender saw its net profit climb a
Masraf Al Rayan, one of the leading Islamic banks in Qatar, said its net profit in the first half surged to QR605 million ($166 million), up 55.5 per cent when compared to the same period last year.
The bank said its total assets rose to Q