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Qatari banks QIB, Masraf post Q2 profit riseQatar's two largest sharia-compliant banks, Qatar Islamic Bank (QIB) and Masraf Al Rayan, reported better than expected increases in second-quarter net profit on Monday. The results, coming after the profit jump at Qatar Natio More… |
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Masraf Q3 profit jumps 43pcMasraf Al Rayan, Qatar's fourth-biggest lender by market value, saw net profit jump 43 per cent in the third quarter, driven by a rise in its customer base as the lender expands its branch network. Third-quarter net profit rose to QR30 More… |
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Masraf Al Rayan Q2 profit jumpsQatari lender Masraf Al Rayan on Monday reported an almost five-fold rise in second-quarter net profit, boosted by a strong increase in financing activities and income from commissions and fees. The three-year old Islamic bank in a stateme More… |
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Masraf eyes $1bn in telco, property acquisitionsQatari Islamic lender Masraf Al-Rayan said on Tuesday it plans to invest up to $1 billion this year buying stakes in companies and investing in funds in sectors from telecommunications to real estate. Masraf expects to complete up to five More… |
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Masraf takes stake in consumer finance firmMasraf Al Rayan will take a major stake in Kirnaf Instalment Company, a new Saudi consumer finance company established by a consortium of businessmen. The consortium is led by Sheikh Abdulla Al Romaizan. Other major investors include Al Ab More… |
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ARBIFT becomes Al MasrafAl Masraf, the new brand name for Arab Bank for Investment & Foreign Trade was formally unveiled recently to replace the 33-year-old ARBIFT. The move represents a significant milestone in the bank’s history and further signifies its le More… |
Masraf and Diar close $100m Lusail FundMasraf Al Rayan and Qatari Diar have successfully closed a $100 million Lusail Waterfront Fund. Masraf Al Rayan established the Lusail Waterfront Investment Company in the Cayman Islands to enable Qatari and other GCC investors to partici More… |
