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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more

Qatar’s QIB may buy Islamic units of conventional banks

Posted on 09 February 2011

From Reuters: Qatar Islamic Bank (QIB) may snap up the Islamic banking assets of conventional lenders in Qatar, who are facing a central bank order to shut their Islamic operations, a top executive said on Tuesday.
Qatar’s central bank this week told conventional banks to close their Islamic operations by year-end, amid worries of overlap between the two, in a surprise move that lifted shares of Islamic lenders………………………………………Full Article: Source

 
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