Qatar Islamic Bank Named Safest Islamic Bank in Qatar, Third in GCC for 2026

Qatar Islamic Bank was named the Safest Islamic Bank in Qatar and ranked third among Islamic financial institutions in the GCC in Global Finance's World's Safest Banks 2026 rankings, Qatar Tribune reported. The bank is Qatar's oldest and largest Islamic bank, offering Shari'a-compliant retail, corporate, SME, affluent and private banking services through branches and digital platforms.

QIB's Third Place in Global Finance's Safest Banks Ranking

The recognition forms part of Global Finance's 35th annual World's Safest Banks rankings, which assess the financial strength and stability of leading banking institutions worldwide. The rankings are based on an evaluation of long-term foreign currency credit ratings assigned by major international rating agencies. Global Finance's assessment of the safest Islamic banks acknowledges institutions committed to advancing Shari'a-compliant banking models, influencing adjustments in rankings for 2026.

For the nine months ended September 30, 2026, QIB reported a net profit attributable to shareholders of QR3,525.2 million, a 2 percent increase compared to the same period in 2025. Total assets reached QR235.5 billion, while customer deposits stood at QR145 billion. The bank maintained a capital adequacy ratio of 23.6 percent and a cost-to-income ratio of 16.2 percent, which it said was the best in the Qatari banking sector.

QIB's financial position is also supported by credit ratings from international agencies. In September 2026, Fitch Ratings affirmed the bank's credit rating at 'A', while Moody's affirmed its long-term deposit rating at 'A1' with a stable outlook in June 2026. Capital Intelligence Ratings affirmed QIB's long-term rating at 'AA-' with a stable outlook in March 2026.

QIB Group CEO Bassel Gamal said, "We are pleased to be recognised by Global Finance as the Safest Islamic Bank in Qatar and among the top three Islamic financial institutions in the GCC."

QIB's Capital Position Behind the Ranking

According to akta.pro company records, QIB issued a $750 million senior unsecured five-year sukuk in February 2026 at a 4.402 percent profit rate, attracting peak orders of $1.7 billion. The bank's total assets stood at QR221.1 billion at year-end 2025, up 10.1 percent from QR200.8 billion in 2024, and its full-year 2025 net profit was QR4.835 billion, a 5 percent increase from QR4.605 billion in 2024. The same records list four funding rounds, including a $1 billion post-IPO debt issue in August 2025.

QIB's Awards and Deals Through 2026

In September 2026, QIB won two Global Finance AI in Finance Awards 2026, including Best Corporate Bank for AI in Finance in Qatar and Best AI in Payments in Qatar and the Middle East, Gulf Times reported. In July 2026, the bank received three Euromoney Awards for Excellence 2026, including Qatar's Best Bank, Qatar's Best Digital Bank for Consumers and Qatar's Best Bank for SMEs, according to Gulf Times. Also in July 2026, QIB partially divested its 13.75 percent stake in Daaman Islamic Insurance Co. to special purpose vehicles funded by QInvest, retaining a 5 percent stake, Zawya reported.

What Comes Next for QIB

QIB's next scheduled disclosure is its full-year 2026 results, following the nine-month figures reported for the period ended September 30, 2026.