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Al Rayan Bank reported a net profit of QR687 million for the first half of 2026. The Qatari Islamic bank also posted profit before tax of QR810 million and earnings per share of QR0.074 during the period, according to results detailed on July 21. The performance comes as the bank continued to expand its core operations while improving asset quality.
According to the bank’s announcement, net financing assets stood at QR114 billion at the end of June, marking a 1.5 percent rise from a year earlier. Total assets grew 4.4 percent to QR184 billion from QR176 billion while investment securities increased 7.7 percent to QR52.1 billion. Total equity reached QR24.16 billion, up 0.5 percent, even as non-performing financing declined 5.16 percent to QR6.16 billion.
Customer deposits expanded 8.4 percent year on year to QR120 billion, Al Rayan Bank said in the update. The lender’s efficiency ratio stood at 30.09 percent with a capital adequacy ratio of 25.61 percent at the end of the first half. The bank reported these indicators alongside its half-year results.
Sheikh Mohammed bin Hamad bin Qassim al-Thani, chairman of Al Rayan Bank, outlined the institution’s focus on sustainable growth, innovation, customer excellence and digital transformation. Al-Thani noted that these priorities guide the bank’s activities as it supports broader economic objectives. The chairman’s comments were included in the half-year results release.
Chief executive officer Fahad bin Abdulla al-Khalifa attributed the resilient performance to effective risk management and a commitment to sustainable profitability. Al-Khalifa highlighted the year-on-year improvements in financing assets and customer deposits. The CEO reaffirmed the bank’s strategy of contributing to Qatar’s national development plans.
S&P Global Ratings data shows that Islamic banks accounted for approximately 27 percent of Qatar’s total commercial banking assets at the end of the first quarter of 2026 after growing around 10 percent. Fitch Ratings assessment found Al Rayan Bank to be the fourth-largest bank in Qatar with about 7 percent of sector assets as of March. Earlier analysis from LSEG pointed to Islamic banking assets in the country expanding at a compound annual growth rate of 6.8 percent from 2020 through 2024.
