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Qatari bank may set precedent

Posted on 10 February 2011

From Thenational.ae: Qatar’s move to stop Sharia-compliant lending by conventional banks could trigger similar moves across the region as Gulf states jostle for position in a market estimated to be worth US$800 billion (Dh2.93 trillion).
Qatar’s central bank this week ordered conventional banks to shut down their Islamic operations by the end of the year amid worries about an overlap between the two forms of banking……………………………………….Full Article: Source

 
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