- Qatar Islamic Bank’s net income for the first nine months is 3.27 billion riyals, marking a 6.9% increase compared to last year.
- Earnings per share have risen to 1.38 riyals from 1.29 riyals year-over-year.
- Total income has seen a 10% increase, reaching 8.64 billion riyals.
- The cost to income ratio remains steady at 17.3%, unchanged from the previous year.
- Among analysts, there are two buy ratings and four hold ratings for the bank, with no sell ratings.
A look at Qatar Islamic Bank SAQ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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, demonstrates a positive long-term outlook. With a strong momentum score of 5, the company shows promising growth potential in the future. Additionally, scoring a 4 in Growth indicates that Qatar Islamic Bank SAQ is well-positioned for expansion and development. Furthermore, the company received a moderate score of 3 in Dividend, suggesting a stable payout to investors. However, in terms of Value and Resilience, Qatar Islamic Bank SAQ scored 2, indicating room for improvement in these areas.
Qatar Islamic Bank (QIB) is a financial institution that specializes in Islamic banking services, attracting deposits and offering Sharia-compliant financing solutions. The bank provides funding for local and international purchases, supports various business projects, and engages in asset leasing activities. Moreover, QIB invests in local businesses, issues letters of credit, and provides guarantees. Given its overall Smartkarma Smart Scores, Qatar Islamic Bank SAQ‘s future outlook appears promising, especially in terms of growth potential and momentum.
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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