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Qatar Islamic plans to offer Shariah certificates of deposits

Posted on 17 December 2010

From Bloomberg: Qatar Islamic Bank SAQ plans to offer Islamic certificates of deposits as early as the first quarter as the country’s biggest shariah-compliant lender seeks to create a secondary market for such instruments.
The transactions, which need approval from the central bank and the bank’s shariah board, will be transferable and tradable, with possible tenors ranging from one to five years, Choudhry Mohammed Wasi, general manager of strategy and marketing at the bank, said in an interview in Doha yesterday……………………………………….Full Article: Source

 
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