Masraf Al Rayan profit rises 44% on deposits

Qatar's fourth-biggest lender by market value, Masraf Al Rayan, said first-quarter profits rose 44 per cent on the back of rising deposits and a surge in financing activity. The Islamic lender said quarterly profit hit QR301.8 million (Dh304.5m, $82.91m), up 44 per cent from a year earlier.