Latest news with #DukhanBank
Qatar Tribune
27-07-2025
- Business
- Qatar Tribune
Dukhan Bank named world's best Islamic private bank
Tribune Nws Network Doha For the second consecutive year, Dukhan Bank has been named 'World's Best Islamic Private Bank' by Global Finance, as part of the 2025 Islamic Financial Institutions Awards,reaffirming the Bank's growing stature in high-net-worth Shari'a-compliant banking. This global recognition reflects Dukhan Bank's exceptional ability to serve private clients through bespoke, Shari'a-compliant financial solutions, supported by deep market knowledge, personalized service, and innovative products. The Bank's Private Banking and Wealth Management division has demonstrated consistent growth, driven by a clear focus on building long-term relationships with clients. On this occasion, Ahmed Hashem, Acting CEO of Dukhan Bank, expressed his pride in this recognition, saying: 'This recognition affirms our continued efforts to provide high-net-worth clients with exceptional, Shari'a-compliant private banking services that reflect both innovation and trust. At Dukhan Bank, we remain committed to setting new standards in wealth management and building long-term relationships grounded in personalized care, financial expertise, and a forward-looking digital vision. We are dedicated to reshaping the concept of excellence in this field by delivering integrated services that combine professional specialization, personal attention, and comprehensive digital transformation.' Chaouki Daher, GM - Head of Private Banking & Wealth Management, stated: 'We are delighted to win this prestigious award once again, which recognizes the efforts of Dukhan Bank in general, and the Private Banking team in particular. Our goal remains to provide our customers with the highest levels of service excellence, as we greatly appreciate their trust in Dukhan Bank as their preferred banking choice in Qatar. We affirm that we are continuing to move forward, developing our operational system and our portfolio of Shari'a-compliant banking and financing services and solutions, and enhancing our customers' overall banking experience in line with our strategy for digital transformation and future growth.' Dukhan Bank's recognition by Global Finance adds to a growing list of accolades, including he 'Qatar's Best Bank for Consumers' award from Euromoney, the 'Best Digital Transformation Initiative in MENA' award from the MEED's Banking Excellence Awards 2025, and the 'Excellence in Global Islamic Private Banking for the Year 2025' award from the World Union of Arab Bankers. Together, these honors highlight the Bank's continued success in combining digital innovation, Islamic ethics, and a human-centered approach across all customer segments.
Zawya
11-07-2025
- Business
- Zawya
Dukhan Bank updates shareholder eligibility date for interim dividends
DOHA: Dukhan Bank (a Qatari public shareholding company) announced an update to the shareholders' eligibility date for interim dividends to July 16, 2025. In a statement published on the Qatar Stock Exchange (QSE) website on Thursday, the bank explained that this amendment is in line with Qatar Financial Markets Authority (QFMA) Board Decision No. (7) of 2023, as amended by Decision No. 5 of 2024 and Circular No. 5 of 2024. Dukhan Bank's net profits increased by 3.5 percent during the first half of 2025, reaching QR811.3m, compared to QR 784.1m during the same period last year. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
09-07-2025
- Business
- Zawya
Qatar: Dukhan Bank H1 net profit surges 3.5% to $222.88mln
Dukhan Bank sustained its highest-ever total asset base, reaching QR118.3bn as of June 2025, or a 3.5% y-o-y increase Dukhan Bank posted a net profit of QR811.3mn in the first half of 2025, registering a 3.5% year-on-year (y-o-y) growth. The group delivered a strong financial performance during the first six months of 2025, reflecting continued successful execution of its strategic initiatives and building on the strong momentum established previously. Group net profit increased by 3.5%, supported by a 6.2% rise in net banking income. Earnings per share also witnessed a 3.5% y-o-y increase from QR0.144 to QR0.149. The growth in net banking income was driven by the group's ongoing focus on revenue diversification and the strengthening of non-profit income streams. Additionally, despite challenging external conditions, prudent management of funding costs provided further support to the group's net banking income. Operational efficiency also remained a key strategic focus, with continued optimisation efforts enhancing overall profitability. These results highlight the group's resilience and its ability to sustain growth in an evolving operating environment. The group sustained its highest-ever total asset base, reaching QR118.3bn as of June 2025, or a 3.5% y-o-y increase. The asset mix remains predominantly comprising financing assets, which stood at QR85.8bn, representing 72.6% of total assets. This was complemented by investment securities amounting to QR23.2bn, accounting for 19.6% of the total asset base. During the period, Dukhan Bank maintained a steady expansion of its financing portfolio, which reached QR85.8bn, up by 3.8% y-o-y. The growth aligns with Dukhan Bank's strategic objective of steadily increasing its market presence while ensuring disciplined and efficient capital allocation. The bank continues to prioritise building a well-diversified portfolio, placing a clear emphasis on asset quality over volume to ensure prudent risk management. Reflecting the group's strong credit risk discipline and proactive portfolio management, the non-performing loan (NPL) ratio improved to 4.5% as of June 2025, compared to 5.2% in June 2024 and 4.6% in December 2024. In parallel, the Stage 3 coverage ratio rose to 74.3% (June 2024: 65.6%; December 2024: 73.1%), further underscoring the group's robust approach to credit provisioning and risk mitigation. The group continued to strengthen and diversify its funding base by leveraging its long-standing client relationships and maintaining a balanced maturity profile. These efforts supported a healthy liquidity position, reflected in a regulatory loan-to-deposit ratio of 100%. Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the period. Total equity reached QR15.2bn, while the group maintained a solid Capital Adequacy Ratio (CAR) of 18.3% (June 2024: 17.8%; December 2024: 17.3%), significantly above the minimum requirements set by the Qatar Central Bank and in line with the Basel III standards, providing a strong foundation for sustainable growth. In a sustained precedent set in the last year, the board of directors has decided to distribute interim dividends of 8% of the nominal share value, equivalent to QR0.08 per share. The interim dividend is subject to regulatory approvals. This dividend will be payable to the shareholders at the close of trading on July 17, 2025. The dividend will be payable on a future date to be announced later. This decision reflects the board's strong confidence in Dukhan Bank's prospects and its commitment to providing value to shareholders. In the second quarter of 2025, Dukhan Bank accelerated its digital innovation journey with the launch of several key enhancements that reflect its customer-first strategy and leadership in Shariah-compliant digital banking. Dukhan Bank's continued pursuit of innovation and service excellence has garnered widespread recognition in Q2 2025 from leading regional and global financial institutions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
21-04-2025
- Business
- Zawya
Qatar: Dukhan Bank reports net profit of $120mln for Q1 2025
Doha, Qatar: Dukhan Bank announced its financial results for the three-month period ended 31 March 2025,and reported a net profit of QR437m, representing a 3% growth compared to the same period of last year. The Group delivered a solid financial performance during the first quarter of 2025, reflecting the continued successful execution of its strategic initiatives and building on the strong momentum of previous years. Bottom-line profitability grew by 3%, supported by a 5% increase in net banking income. The uplift in net banking income was driven by the Group's ongoing focus on revenue diversification and the strengthening of non-profit income streams. In addition, despite prevailing external headwinds, prudent management of funding costs contributed positively to the Group net banking income. On the other hand, operational efficiency remained a strategic priority, with continued optimization efforts delivering added value to overall profitability. These results underscore the Group's resilience and ability to a sustained growth in a dynamic operating environment. The Group's total assets remained at historic levels, standing at QR117.7bn at the end of March 2025. The asset base continues to be primarily composed of financing assets, which reached QR86.6bn and represent 74% of total assets, alongside investment securities amounting to QR19.6bn (17% of total assets). During the period, the Bank maintained its financing portfolio, bringing the total to QR86.6bn. This aligns well with the Bank's strategic objective of steadily increasing market share, while maintaining disciplined and efficient resource deployment. The focus remains on achieving a well-diversified portfolio with an emphasis on asset quality over sheer volume, thereby effectively managing risk exposure. Reflecting the Group's strong asset quality and disciplined credit risk management, the non-performing loan (NPL) ratio improved to 4.5% as of March 2025, down from 5.1% in March 2024 and 4.6% in December 2024. In parallel, the Stage 3 coverage ratio increased to 74.5% (March 2024: 71.5% and December 2024: 73.1%), reaffirming the Group's prudent and proactive approach to managing credit risk. Total equity reached QR14.8bn, while the Group sustained a strong Capital Adequacy Ratio (CAR) of 17.9%, significantly exceeding the minimum regulatory requirements of the Qatar Central Bank and the Basel III framework, providing solid foundations to support future growth. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
13-04-2025
- Business
- Zawya
Dukhan Bank launches new house finance campaign with competitive profit rate and exclusive benefits
Doha, Qatar – Dukhan Bank, Qatar's leading provider of Sharia-compliant financial solutions, has launched a new House Finance campaign offering customers exclusive benefits, including a competitive profit rate as low as 5% per annum, a 12-month grace period, and a 50% discount on administration fees at select locations. The limited-time campaign, running from 10 April to 10 July 2025, reflects Dukhan Bank's ongoing commitment to providing ethical, customer-focused financial solutions aligned with Sharia principles. Customers can access home finance starting from a minimum amount of QR 1,000,000, with a repayment tenure of up to 10 years. Commenting on the campaign, Mr. Abdulaziz Al-Naema, Head of Retail Banking at Dukhan Bank, said: ' At Dukhan Bank, we are committed to offering Sharia-compliant solutions that meet the evolving needs of our customers. Our latest House Finance campaign is tailored to support aspiring homeowners in Qatar by providing highly competitive rates and exclusive benefits, making the journey to owning a home more accessible and rewarding.' Through this offer, Dukhan Bank continues to reinforce its position as a customer-centric institution focused on making essential financial solutions more convenient and appealing. The campaign is designed to empower customers with flexible repayment options while benefiting from ethical finance solutions rooted in Islamic values. Customers interested in the campaign can visit any Dukhan Bank branch, call 800 8555, or apply directly via the bank's website at About Dukhan Bank: Dukhan Bank was incorporated as a Qatari Shareholding Company in the State of Qatar under Commercial Registration No. 38012 dated 28 January 2008. Dukhan Bank commenced its activities on 1 February 2009 under Qatar Central Bank License No. RM/19/2007. The Bank and its subsidiaries are primarily engaged in financing, investing and advisory activities in accordance with Islamic Shari'a rules as determined by the Shari'a Committee of the Bank and provisions of its Memorandum and Articles of Association. Investment activities are carried out for proprietary purpose and on behalf of customers. The Bank operates through its head office situated on Grand Hamad Street, Doha and its 9 branches in the State of Qatar. The Bank rebranded itself from Barwa Bank to Dukhan Bank during October 2020 post obtaining necessary approvals as per the State of Qatar applicable laws and regulations. The Bank is 24.6% owned by the General Retirement and Social Insurance Authority, 11.7% by the Military Pension Fund (Qatar), and 7.0% by Qatar Holding, strategic and direct investment arm of Qatar Investment Authority being the sovereign wealth fund of the State of Qatar; and remaining shares are owned by other shareholders. On 22 January 2023, pursuant to Resolution No. 2 of 2023 by the Minister of Industry and Commerce, the Bank was converted from a Qatari Private Shareholding Company to a Qatari Public Shareholding Company. On 1 February 2023, Qatar Financial Markets Authority approved the listing of the Bank's shares on the Qatar Stock Exchange. Following the approval, trading of the Bank's shares on Qatar Stock Exchange Main Index commenced on 21st February 2023. The Bank was included under the MSCI emerging market index as of the close of 31st May 2023. On 15th September 2023, the Bank was included in the FTSE's mid-cap index. QSE included the Bank to QE Index and QE Al-Rayan Islamic index effective from 1st October 2023.
