The report, which monitors the business results of islamic finance institutions for 2024, showed that islamic banks accounted for 87.4 per cent of these assets, while islamic sukuk accounted for 11.2 per cent, and the remaining shares were distributed our investment funds and other Islamic Financial Institutions.
It also means that the Assets of Islam banks grow to 3.9 percent of 2024, reach QR585.5BN ($ 160.8bn).
Islam Finance in Qatar
Deposits also rise to 8.2 percent of QR 339.1bn ($ 93.2bn), with private sector depositing in recounting 57 percent.
Financing has reached QR401.5bn ($ 110.3bn), a 4.9 percent increase, set to real and government sectors, followed by personal finance.
The revenues grow 12.6 percent of QR29.5bn ($ 8.1bn), and profits reach QR8.7bn ($ 2.4bn), 6 percent growth rate.
As for the insurance insurance sector, the report says Takaful Social Company Company’s assets that have improved by 7.1 percent of the year, reaching QR5.1BN ($ 1.5bn) in 2024.
Policyholder properties also grow 6.3 percent, reach QR2.6bn ($ 714m), while insurance subscriptions increase 18.6 percent, $ 522m ($ 522m ($ 522m).
Different surgical surgery surgical surgery results
Regarding Islamic financial companies, the report says their possessions reach QR2.53bn ($ 695m), a marginal increase in 7,8 per year by 2024.
The financing provided by companies increased by 5.7 percent of QR1.9BN ($ 522m), and their income reached QR277.2M ($ 76m), a 14.7 percent increase.
Profits from financing activities and investments represent 84 percent of total revenues.
Outcomes to operate Islam financial companies in reaching revenues worth more than QR178.5M ($ 49m) and $ 49m ($ 3.3m).
Regarding Islamic Investment Companies, the report indicates the properties of two Islamic investment companies arriving at QR549.5M ($ 151m), a growth of 44.1 percent.
Their outcomes of surgery varied between reaching profits and reaching losses, with profits worth the QR17.5M ($ 4.8m).
In the field of Islamic Sukuk, issues with Islamic Sukuk have increased by 161 percent. Islamic banks released the size of QR9.5bn ($ 2.6bn) in 2024, a 300 percent increase.
Qatar Central Bank issued the size of QR16.9bn ($ 4.6bn) in 2024, an 118.5 percent increase in 2023.
Regarding Islamic investment funding, the report noticed that the property of these funds took up QR944.6M ($ 259.5m), a 1 percent different in 2024.
In the Qatar Stock Exchange, the Aland Islamic Index closed 2.23 percent, while the Islamic financial firefighters were varied by the increase of 2.3 percent of 19.6 percent.
According to the report, the Financial Sector of the State of Qatar’s state is divided into four main sectors:
- Islamic banks
- Takaful Social Company
- Islamic financial companies
- Islamic investment companies
In addition, there are Islamic finance products such as Sukuk, investment funds, and Islamic indices.
Khalid is Ibrahim Al Malagoti, Vice Chairman Financial Finance in Al Mashura financiallySays: “The finance of Islam in Qatar Report monitored the issue of Islamic view institutions, including Islamic insurance companies, and Islamic insurance companies.
“It also examines the performance of Islamic financial products, such as investment funds and Islamic Sukuk, the Movement of Islamic finance market in Qatari.”
He added that Qatar was united in his position as a major center for an indelation of the Government of Islam in the global, and prospective growths appeared to promise.
Meanwhile, the sector itself witnessed significant changes and qualifications of performance, expansion, and supporting technologies last year.
It strengthening the need to keep these changes by analyzing the data and monitoring the occasional perception, intentions of development, developmental purposes, economic growth.
