Al Rayan Bank Reports QAR 687 Million Net Profit for H1 2026 as Deposits Rise 8.4%

Doha | EcoPulse24

Al Rayan Bank QPSC reported a net profit attributable to shareholders of QAR 687 million for the six-month period ended 30 June 2026, compared with QAR 821 million in the corresponding period of 2025, representing a 16.3% year-on-year decline.

The bank also reported profit before tax of QAR 810 million, down from QAR 845 million a year earlier, a decrease of 4.1%.

Despite lower earnings, the bank continued to expand its balance sheet, supported by higher customer deposits, growth in financing assets, stronger investment securities, and a solid capital position.

Financing Assets and Deposits Continue to Grow

Net financing assets reached QAR 113.73 billion, compared with QAR 112.10 billion in H1 2025, reflecting 1.5% annual growth.

Customer deposits increased at a faster pace, rising 8.4% year-on-year to QAR 119.96 billion, up from QAR 110.67 billion.

Meanwhile:

• Total assets increased to QAR 184.07 billion, compared with QAR 176.34 billion, representing 4.4% growth.

• Investment securities rose to QAR 52.20 billion, up from QAR 48.46 billion, an increase of 7.7%.

• Total equity edged higher to QAR 24.16 billion, compared with QAR 24.07 billion, representing 0.5% growth.

Earnings Per Share Declined While Asset Quality Improved

Earnings per share fell to QAR 0.074, compared with QAR 0.088 in the first half of 2025, a decline of 16.3%.

At the same time, the bank reported improvements in asset quality.

Non-performing financing declined to QAR 6.163 billion, from QAR 6.309 billion a year earlier.

The non-performing financing ratio improved to 5.16%, compared with 5.38% in H1 2025.

Efficiency Ratio Increased While Capital Remained Strong

The bank's cost-to-income ratio stood at 30.1%, compared with 27.6% in the corresponding period last year.

Al Rayan Bank continued to maintain a strong capital position, with a Capital Adequacy Ratio (CAR) of 25.61%, compared with 25.91% a year earlier.

Chairman: Focus Remains on Sustainable Growth and Digital Transformation

Commenting on the results, H.E. Sheikh Mohammed Bin Hamad Bin Qassim Al Thani, Chairman of the Board, said the bank's strategic priorities remain centered on sustainable growth, innovation, and customer excellence.

He said Al Rayan Bank continues to advance its digital transformation agenda, invest in new capabilities, and strengthen its portfolio of Sharia-compliant products and services.

He added that maintaining a disciplined approach to growth and execution positions the bank to create long-term value for stakeholders while supporting the economic development of the markets in which it operates.

CEO: Resilient Performance Supported by Strong Liquidity and Capital

Fahad Bin Abdulla Al Khalifa, Group Chief Executive Officer, said the bank delivered a resilient performance during the first half of 2026.

He noted that profit before tax reached QAR 810 million, while financing assets and customer deposits increased by 1.5% and 8.4%, respectively.

According to Al Khalifa, the bank's strategy continues to focus on achieving sustainable profitability by balancing business expansion with disciplined risk management and operational efficiency.

He added that Al Rayan Bank continues to maintain a strong liquidity and capital position, supported by a robust capital base and stable long-term funding profile, providing the financial flexibility and resilience required to navigate evolving market conditions while continuing to create value for customers and stakeholders.

Strategic Outlook

Al Rayan Bank said it remains committed to executing its long-term strategy aimed at delivering sustainable growth while reinforcing its role in supporting Qatar's national development priorities through contributing to the creation of a diversified, innovation-driven, and knowledge-based economy.

As part of that strategy, the bank continues to:

• Enhance its digital capabilities.

• Improve operational efficiency.

• Invest in the development of national talent.

• Adapt to the rapidly evolving financial and banking landscape.

The bank also reaffirmed its commitment to maintaining the highest standards of governance and sustainability, while delivering an advanced banking experience built on a deep understanding of customer needs and innovative financial solutions.

Through these integrated efforts, Al Rayan Bank aims to contribute to achieving Qatar National Vision 2030 while creating sustainable value for customers, shareholders, the wider community, and all stakeholders.

EcoPulse24 Analysis

Al Rayan Bank's first-half results highlight a business that continues to prioritize balance sheet expansion despite softer profitability. While net earnings and earnings per share declined year-on-year, the bank delivered healthy growth in deposits, financing assets, investment securities, and total assets. At the same time, improvements in non-performing financing indicators demonstrate strengthening asset quality, while a Capital Adequacy Ratio above 25% continues to position the bank among the region's well-capitalized Islamic lenders. Management's emphasis on digital transformation, operational efficiency, governance, sustainability, and Sharia-compliant innovation indicates that the bank remains focused on long-term value creation rather than short-term earnings optimization.

Key Financial Highlights