Masraf Al Rayan Reveals Net Profit of QR 353.5 Million

Doha, April 25 (QNA) - Masraf Al Rayan disclosed today the interim financial statement for the three month period ended March 31, 2012. The financial statements revealed a net profit of QR 353.5 Million in comparison to QR 328 Million for the corresponding period in 2011, the bank said in a statement published on (Qatar Exchange) website. The Earnings per Share (EPS) amounted to QR 0.47 as of March 31, 2012 versus QR 0.44 of the same period in 2011. Masraf Al Rayan (Q.S.C.) was launched in October 2006. The Bank is primarily engaged in the provision of banking, financial and investment services in accordance to the Islamic Sharia principles. (QNA)