QInvest earned a profit of $67 million in the 11 months to March 31 this year with total revenue of $102.6 million. The total assets stood at $934.2 million with total equity amounting to $587.3 million.

"During the first reporting period, QInvest has built a high performance operation which is now set to achieve its goals," said chairman Shaikh Hamad bin Jassim bin Jabr Al Thani.

"It has established its infrastructure, leading-edge technology and exacting standards of corporate governance. Leveraging proven expertise and experience in core business lines has produced performance-driven results," he said.

QInvest is the first Islamic investment bank to be established in Qatar and the largest institution to launch operations from the Qatar Financial Centre.

QInvest's banking licence, granted on April 30 last year by the Qatar Financial Centre Authority, covers a wide range of investment banking activities.

Key business lines focus on real estate and infrastructure development, private equity and venture capital, asset management and advisory services.

With core investment sectors aligned to the main drivers of Qatar's fast-paced economy, QInvest is strategically located to leverage high regional growth alongside key strategic partners while maximising placement potential within its immediate markets and managing outbound investment into diversified portfolios on a global scale.-TradeArabia News Service