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

Qatar sees risks in mixing Islamic, conventional banks

Posted on 10 February 2011

From Reuters: The Qatar central bank said it saw higher risks from conventional lenders operating Islamic units, clarifying a recent ruling which asked commercial banks in the Gulf state to close their sharia-compliant operations.
Qatar’s central bank earlier in the week asked conventional lenders to close down their Islamic operations amid worries of overlap between the two, in a surprise move that boosted shares of Islamic lenders in the country……………………………………….Full Article: Source

 
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