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Qatar Islamic Bank Q3 profit jumps 33.6%

Qatar Islamic Bank (QIB) has said its third-quart net income rose 33.6%, beating analysts' forecasts thanks to strong investment income growth, Reuters has reported. The country's second largest lender by market value made a net profit of QR407.2m ($112m), compared with QR305m a year earlier, while analysts' average forecast was QR348m. The Shari'ah-compliant lender posted a nine-month net profit of QR1.1bn.