Qatar Islamic Bank (the Bank) ranked third globally in the third category of Tier3 medium-sized banks in the Forbes list of the best-performing banks in the world for the year 2026. This honor reflects the strength and durability of the bank’s financial performance according to a number of key indicators, namely profitability, growth and quality of profits, solidity of capital and financing, quality of assets and efficiency.
This classification is based on the banks’ audited financial statements for the most recently completed and audited financial year, which is the year ending on December 31, 2025, during which the bank achieved net profits attributable to shareholders worth 4.835 billion Qatari riyals, an increase of 5% on an annual basis, while the bank’s total assets increased by 10.1% to reach 221.1 billion Qatari riyals, and customer deposits grew by 14.2% to reach 142.7 billion Qatari riyals. The bank maintained a cost-to-income ratio of 16.3%, which is the best in the Qatari banking sector, the financing-to-deposits ratio reached 90%, the non-performing financing ratio reached 1.65%, and the capital adequacy ratio reached 22.2%. The return on assets was 2.3%, while the return on shareholders’ equity was 17%.
Forbes prepared a classification of the best-performing banks in the world in cooperation with Statista, evaluating the banks according to four weighted axes: profitability (30%); growth and earnings quality (20%); Solid capital and financing (25%); Asset quality and efficiency (25%). The evaluation is based on financial indicators covering performance, growth, capital strength, financing structure, asset quality and operational efficiency, with some indicators evaluated over a period of three years.
Mr. Basil Gamal, CEO of the Bank’s Group, said: “We are pleased to be ranked third globally in the upper mid-tier banks category in Forbes’ list of the best performing banks in the world for the year 2026. This honor reflects the strength of our financial performance, our disciplined approach, and our long-term strategy. We continue our commitment to strengthening the bank’s position and creating sustainable value for our customers, shareholders and the Qatari economy as a whole. On this occasion, I would like to thank the Board of Directors for its continued support, and to the entire work team for their exceptional performance and dedication.”
Forbes’ list of the best-performing banks in the world for the year 2026 is the first global classification issued by the magazine that focuses on the performance of banks based on unified financial indicators. In order to include eligible banks, their assets must exceed 3 billion US dollars, and they must have financial statements for at least three consecutive years. The classification included 500 banks from 89 countries. Eligible banks are divided into six categories based on their total assets, with the analysis comparing financial institutions within groups of similar size. The first category (global banks) included banks with total assets exceeding US$500 billion; The second category (large banks) are banks whose total assets range between 100 and 500 billion US dollars; The third category (upper medium banks) is between 50 and 100 billion US dollars; The fourth category (medium banks) is between 20 and 50 billion US dollars. The fifth category (lower medium-tier banks) is between 10 and 20 billion US dollars. The sixth category (small banks) is between 3 and 10 billion US dollars.
