Masraf Al Rayan Reports QR 400 Million in Net Profit

Doha, April 23 (QNA) - Masraf Al Rayan disclosed the interim financial statement for the three month period ended March 31, 2013. The financial statements revealed a net profit of QR 400 Million in comparison to QR 353.5 Million for the corresponding period in 2012, the bank said in a statement. The Earnings per Share (EPS) amounted to QR 0.534 as of March 31, 2013 versus QR 0.471 of the same period in 2012. 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)