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A report by Bait Al-Mashura Finance Consultations placed total Islamic finance assets in Qatar at QR718.5 billion at the end of 2025 after a 5.3 percent annual increase that reflected broad-based demand for Shariah-compliant services. Islamic banks accounted for 87.8 percent of the total with their assets reaching QR616.5 billion equivalent to 28 percent of the entire banking sector according to data from the Qatar Central Bank. The same report showed that Islamic banks achieved a 4 percent compound annual growth rate between 2021 and 2025 surpassing the 3 percent recorded by conventional banks over the period.
Qatar Islamic Bank reported total assets of QR221.1 billion for 2025 representing 10.1 percent growth from the prior year with customer deposits at QR142.7 billion and financing at QR138.5 billion in its annual statement. Mobile banking users increased 12 percent while digital financial transactions rose 39 percent and non-financial transactions climbed 20 percent as the bank expanded its online ecosystem. The introduction of the QIB Junior App provided a dedicated platform for younger customers to build financial literacy in line with the lender’s innovation drive.
Dukhan Bank recorded net profit of QR1.41 billion in 2025 up 5 percent from the previous year as total assets reached QR123.8 billion financing assets grew 4 percent to QR90 billion and customer deposits advanced 5 percent to QR87.8 billion Euromoney noted in its 2026 Islamic finance awards. The bank launched Qatar’s first fully digital self-service onboarding kiosk and integrated the national digital identity system into verification procedures to streamline customer access. Assets under management expanded 54 percent to QR13.3 billion supported by a strategy centred on private markets and diversified Shariah-compliant offerings.
Sustainability considerations have been integrated into credit processes at several institutions including through adoption of the Equator Principles for environmental and social risk assessment in new financing according to bank disclosures. AlRayan Bank issued a QR500 million green sukuk in February 2026 that was subsequently listed on the Qatar Stock Exchange marking progress in sustainable debt instruments an Oxford Business Group review found. These steps align with broader efforts to support renewable energy projects and economic diversification under Qatar National Vision 2030.
The Qatar Financial Centre advanced a blockchain-based digital receipt system proof of concept in 2025 to improve transparency and regulatory compliance in asset-backed Islamic finance QFC officials stated. Qatar’s fintech market which includes Islamic solutions stood at approximately QR1.9 billion last year and is projected to reach QR7.55 billion by 2034 at a compound annual growth rate of 15.96 percent an IMARC assessment indicated. Transaction volumes in the Islamic fintech segment nearly tripled from QR3.1 billion in 2020 to QR10 billion in 2024 reinforcing the shift toward digital Shariah-compliant services.
Bait Al-Mashura officials highlighted the sector’s flexibility in adapting to fintech developments and sustainability requirements while maintaining strict Shariah standards as a core competitive advantage. The report anticipated further expansion in the coming five years driven by increased private-sector financing and innovation in green and digital products. All major Qatari Islamic banks maintained A ratings with stable outlooks from Fitch Ratings in February 2026 citing government support and solid capital buffers.
