AlRayan Bank Reports QR978m Net Profit for Nine Months as Deposits Rise 8%

AlRayan Bank reported a net profit of QR978m attributable to equity holders for the nine months ended September 30, 2026, with total assets reaching QR184.4bn. The Peninsula Newspaper reported the results on October 29, 2026. AlRayan Bank is a publicly listed Qatari Islamic bank offering Sharia-compliant retail, corporate, premier, private and investment banking, with international subsidiaries in the UK, France and UAE.

AlRayan Bank's Deposits and Financing Growth

Customer deposits increased 8% year on year to QR122.8bn, financing assets grew 2% to QR115.9bn and investment securities rose 8% to QR50.3bn, Acting Chief Executive Officer Omar Al Emadi said. The non-performing financing ratio improved to 5.08%, and the bank reported a capital adequacy ratio of 25.6%, a liquidity coverage ratio of 157.2% and a net stable funding ratio of 110.3%.

Net operating income for the nine months amounted to QR2,439mn, a 10% decline year on year, which the bank attributed to a fall in fee and other income. Net financing and investment income rose 1% to QR1,866m. The bank said profitability was affected by lower fee income, lower recoveries and the introduction of the global minimum tax.

"Our capital, liquidity and asset quality positions remain strong, providing a solid foundation for sustainable growth," Chairman of the Board H E Sheikh Mohammed bin Hamad bin Qassim Al Thani said.

AlRayan Bank's First-Half Profit Base

According to akta.pro company records, AlRayan Bank reported a net profit of QR687m attributable to equity holders for the six-month period ended June 30, 2026, and profit before tax of QR810m for the same half. The same records show financing assets grew 1.5% year on year and list a debt-funded round of $137.2 million in February 2026.

Earlier AlRayan Bank Moves in 2026

AlRayan Bank appointed Usman Ahmed as Group CEO in September 2026, approved by the Qatar Central Bank, after Fahad al-Khalifa concluded his tenure and became advisor to the chairman, Gulf Times reported. In the same month, the bank launched the execution phase of its Government-to-Bank digital integration initiative, aimed at verification, fraud prevention and operational efficiency, according to Gulf Times.

In July 2026, AlRayan Bank and Qatar Datamation Systems announced the completion of a bank-wide enterprise data warehouse program, which the companies said made AlRayan Bank the first bank in Qatar to extend governed, self-service analytics to every business function, Gulf Times reported.

AlRayan Bank's Corporate App and Training Programme

During the third quarter, AlRayan Bank launched the AlRayan Corp Mobile App for corporate customers, Al Emadi said. The bank also selected and sponsored Qatari employees to join QFBA's Kawader Malia programme, which runs from September 3, 2026, to January 27, 2027, Business & Financial reported.