• Total Income net of Finance expense reached QAR 1.98 billion
  • Net financing assets closed at QAR 111.3 billion and Deposits at QAR 111.5 billion representing a YOY increase of 4% and 6% respectively
  • Cost to Income (efficiency) ratio 27.7%
  • The Capital Adequacy ratio stood at 25.5%

Doha: Masraf Al Rayan QPSC (“AlRayan Bank”) today released its consolidated financial statements for the three-month period ended 31 March 2025 with a Net Profit attributable to the equity holders of the bank of QAR 408 million.

His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al Thani, Chairman of the Board stated:

” We have delivered a solid performance across our operations in Qatar and overseas, with total financing assets and Investments growing by 4% and 15% respectively, compared to Q1 2024 (year-on-year). During this quarter, we have also embarked on a transformative journey to implement a new core banking system — a strategic move that reflects our ongoing commitment to innovation and operational excellence. This initiative will enhance our efficiency, agility, and responsiveness in serving our customers and stakeholders. AlRayan Bank continues to make strong progress towards our vision of becoming a leading Islamic bank in Qatar, delivering best in class client experience through innovation and digital excellence”

Commenting on Q1 financial performance, Omar Abdulrazaq Al Emadi, Acting Group Chief Executive Officer said:

“We are pleased to announce a strong net profit of QAR 408 million for Q1 2025 despite the current volatility in the profit rate environment. Our balance sheet continues to show strength, with financing assets and customer deposits both at QAR 111 billion — reflecting year-on-year growth of 4% & 6% respectively. Our efficiency ratio remains healthy at 27.7%, and we are committed to driving further improvements across all functions of the business while maintaining our focus on long-term value creation and prudent risk management. Looking ahead, we are committed to delivering value for our stakeholders by executing on our strategic priorities and supporting Qatar’s National Vision 2030.”

Key Financial Highlights

Balance Sheet - QAR billion

Q1-2025

Q1-2024

Change

Total Assets

169

159

6.2%

Financing assets

111

107

4.0%

Investments securities

42

37

15.2%

Deposits

111

105

5.8%

Total Shareholders’ Equity

23.5

23.0

2.4%

    
    

Income Statement - QAR million

Q1-2025

Q1-2024

Change

Total income, net of finance expenses

1,981

2,148

-7.8%

Net operating profit

864

914

-5.5%

Operating expenses

239

240

-0.3%

Net Impairment Charges

211

262

-19.3%

Net profit attributable to shareholders

408

406

0.4%

Earnings Per Share (QAR)

0.044

0.044

0.4%

    
    

Group ratios

Q1-2025

Q1-2024

 

Efficiency (%) 

 

Cost to Income

27.69%

26.26%

 

Financing Quality

 

Non-Performing Financing (QAR million)

6,232

6,542

 

NPF ratio (%)

5.37%

5.86%

 

Capital Management (%) 

 

Capital adequacy ratio (CAR)

25.46%

23.60%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


-Ends-

For further information please visit our investor relations page on our website https://www.alrayan.com or contact our Investor Relations team at IR@alrayan.com