Masraf Al Rayan discloses interim financial statements

Masraf Al Rayan disclosed Tuesday the interim financial statements for the period ending September 30, 2011. The interim financial statements revealed a net profit of QR 1 Billion for the nine months period ended September 30, 2011 in comparison to a net profit of QR 911.5 Million for the corresponding period last year. The Company''s Earnings per Share (EPS) amounted to QR 1.35 for the period ended September 30, 2011 versus QR 1.22 for the corresponding period in 2010, it said in a statement published on the (Qatar Exchange) website. 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. The Bank is structured into four main business divisions, namely Retail Banking, which offers current and savings accounts, time deposit accounts, financing, credit cards, kid''s accounts and pay and go prepaid cards; Corporate Banking offers corporate finance and advisory services, financing products.