8 Qatari Institutes Were Listed On Forbes’ List Of Most Valuable Banks Of 2023

Together, the shared market value of Qatar’s eight banks is $81.3 billion.

The Forbes Middle East list of  50 ‘Most Valuable Banks’ includes eight Qatari banks

The largest bank in Qatar, Qatar National Bank (QNB) Group, came in third, just behind Saudi National Bank and Al Rajhi Bank of Saudi Arabia.

These are the eight banks who made the cut:

3. Qatar National Bank (QNB) Group

12. Qatar Islamic Bank (QIB)

20. Masraf Al Rayan

21. Commercial Bank

26. Qatar International Islamic Bank (QIIB)

28. Dukhan Bank

35. Ahlibank

44. Doha Bank

Islamic financing has permeated the financial systems of the GCC, and it is said that deposits at these banks are less expensive than deposits at conventional banks, ensuring the banks’ profitability during times of high interest rates.