Dukhan Bank reports a net profit of QAR 429.5 million for the three-month period ended 31 March 2026

• Total assets increased to the highest levels at QAR 126.5 billion, up by 2.2% from December 2025
• Bank achieved a robust CAR of 19.1%, well above the minimum statutory limits
• Total deposit base remained at historic levels, underscoring customers’ confidence and the strength of the Bank’s value chain

Dukhan Bank (“the Bank” or “the Group” when referred to along with its subsidiaries; QSE Ticker: DUBK) announced its financial results for the three-month period ended 31 March 2026, reporting net profit of QAR 429.5 million.

Key Performance Highlights

Message from the Managing Director of Dukhan Bank

Commenting on the Bank’s achievements, H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, Executive Board Member and Managing Director, said:

“In the first quarter of 2026, Dukhan Bank delivered a solid financial performance, building on the strong momentum established in recent periods and reflecting the underlying strength and resilience of our business model.

Our results reflect a disciplined approach to growth, underpinned by a well-managed balance sheet, a diversified financing portfolio, and a stable funding base. Continued customer confidence and a clear focus on operational efficiency and asset quality remain central to sustaining this performance.

During the quarter, we also progressed our strategic priorities, particularly in digital transformation. The rollout of new capabilities, including QDI-integrated onboarding and enhancements to local transfer services through Tahweel, has strengthened convenience, speed, and accessibility across key customer touchpoints.

We also continued to deepen our engagement within the broader financial ecosystem through targeted partnerships and collaborations, supporting innovation across key areas of the sector while contributing to the development of Qatar’s digital economy.

These achievements are anchored in our commitment to strong governance, prudent risk management, and financial resilience, ensuring that our growth remains sustainable and aligned with our Islamic values.

Looking ahead, we will continue to build on this momentum, with a clear focus on disciplined execution, innovation, and long-term value creation, while supporting Qatar’s economic development in line with Qatar National Vision 2030.”

Analysis of Group’s financial performance

Despite challenging macroeconomic dynamics, the Group continue to focus on revenue diversification and the strengthening of non-finance income streams, along with prudent management of funding costs. Operational efficiency also remained a key strategic focus, with continued optimization efforts enhancing overall profitability.

Analysis of Group’s financial position

The Group expanded its asset base to reach the highest levels at QAR 126.5 billion as of March 2026, an increase of 2% compared to 31 December 2025. The asset mix comprised of financing assets, which stood at QAR 91.0 billion, representing 72% of total assets. This was complemented by investment securities amounting to QAR 25.9 billion, accounting for 21% of the total asset base.

Assets quality

Reflecting the Group’s strong credit risk discipline and proactive portfolio management, the non-performing loan (NPL) ratio stood at 4.2% as of March 2026 (December 2025: 4.2%). In parallel, the Stage 3 coverage ratio remained strong at 75.7% (December 2025: 75.7%), further underscoring the Group’s robust approach to credit provisioning and risk mitigation.

Funding and Liquidity

On the funding front, the Group continued to strengthen and diversify its funding base by leveraging its long-standing client relationships and maintaining a balanced maturity profile. Total deposits increased by 3.5 % to QR 90.9 billion, reaching historic levels that highlight customers’ confidence and the strength of the Bank’s value chain.

These developments supported a robust liquidity position, with the regulatory loan-to-deposit ratio improving to 95.4% (December 2025: 98.1%). Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the year.

Capital

The Group maintained a strong capital position as at 31 March 2026. The total capital adequacy ratio stood at 19.1% (December 2025: 18.2%), comfortably above the Qatar Central Bank minimum requirement of 14.6%. 

Bank’s Resilience Amid Geopolitical Developments

Recent geopolitical developments introduced a degree of uncertainty across the GCC, with potential implications for energy markets, trade flows, and regional economic activity. Within this context, the Group has maintained stable operations, supported by a well-established operating framework, prudent risk management, and continued investment in digital capabilities. These factors have enabled the Bank to provide consistent, secure, and reliable services to its customers.

The Bank’s Business Continuity and Crisis Management frameworks remained integral to its operational resilience. Through disciplined execution, robust infrastructure, and ongoing coordination with regulators and relevant stakeholders, the Bank has ensured continuity of operations while maintaining a strong control environment.

The Qatari banking sector continues to demonstrate sound fundamentals, characterized by strong capitalization and liquidity. In response to recent developments, Qatar Central Bank has introduced a range of precautionary measures aimed at supporting liquidity conditions and preserving financial stability. These measures provide an additional layer of assurance for the continued smooth functioning of the financial system.

Going forward, the Group will continue to focus on maintaining prudent liquidity and capital positions, while supporting its customers and advancing its strategic priorities in a measured and disciplined manner.

Strategic campaigns and partnerships

In the first quarter of 2026, Dukhan Bank continued to deliver targeted campaigns, strategic partnerships, and digital transformation initiatives designed to enhance customer engagement, strengthen its lifestyle proposition, and reinforce its leadership in Sharia-compliant banking.

Dukhan Bank demonstrated its leadership in innovation through its participation as a Diamond Sponsor at Web Summit Qatar, one of the world’s leading technology platforms. Through a strong on-ground presence, senior leadership engagement, and an immersive technology showcase, the Bank leveraged the summit to reinforce its role in shaping Qatar’s digital financial ecosystem.

The Bank also introduced Qatar’s first QDI-integrated digital kiosk, enabling a secure, fully digital, and paperless account opening experience. Using this kiosk customers can complete onboarding within minutes and receive their debit card almost instantaneously through on-site issuance. This initiative enhances accessibility while streamlining customer journeys, reflecting Dukhan Bank’s continued focus on innovation and operational excellence. 

A key highlight of the Web Summit participation was the signing of multiple strategic memoranda of understanding with Dibsy, Teyseer Group, Sadad, Skip Cash, PayLater, and DriveWealth, spanning open banking, SME enablement, payments, consumer financing, and digital investment solutions. Together, these partnerships reflect a structured and forward-looking approach to innovation, aligned with regulatory frameworks and Sharia principles, while supporting the development of a more connected and future-ready financial ecosystem. 

Further advancing its digital transformation agenda, Dukhan Bank implemented the new Tahweel branding (previously Local Transfers) across its systems in line with Qatar Central Bank directives, while simultaneously enhancing the overall local transfer experience. These enhancements have resulted in a more seamless, intuitive, and efficient transaction journey for customers.

Another standout initiative during the first quarter was the Dukhan Bank FIFA World Cup 2026™ campaign, launched in collaboration with Visa, offering customers opportunities to win exclusive World Cup™ experiences for themselves and their plus ones, alongside premium prizes through eligible card usage. The campaign reinforced Dukhan Bank’s focus on creating timely, experience-driven promotions that enhance card engagement across domestic and international spend categories.

Further strengthening its lifestyle proposition, Dukhan Bank also signed an exclusive partnership with the Rafeeq platform to offer Visa Infinite, Signature, and Platinum credit cardholders’ access to Rafeeq Pro at a nominal subscription fee. This partnership reflects the Bank’s broader strategy to integrate banking benefits into customers’ everyday experiences, delivering practical, accessible value beyond traditional financial services.

Unwavering performance and prestigious recognition

Dukhan Bank’s strong performance and continued strategic progress in early 2026 were recognized through a series of prestigious regional and international accolades, reinforcing its leadership in Islamic banking.

The Bank was ranked #84 on Forbes Middle East’s list of the Top 100 Listed Companies in the Middle East for 2026, reflecting its solid financial position, sustained growth trajectory, and increasing market confidence. 

Further underscoring its excellence, Dukhan Bank was awarded ‘World’s Best Islamic Private Bank’ for the third consecutive year by Global Finance. This recognition highlights the Bank’s strength in delivering tailored, Sharia-compliant solutions in private banking, supported by continuous innovation and a strong customer-centric approach.

Together, these achievements underscore Dukhan Bank’s consistent delivery of long-term value, its leadership in Islamic finance, and its commitment to advancing Qatar’s financial sector through innovation, discipline, and ethical banking practices.