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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Emerging Trends more

Demand for Islamic lenders lifts QE index

Posted on 14 February 2011

From Gulf-times.com: Stocks of Shariah-principled lenders, in particular, saw huge demand on the Doha stock exchange during the week, which also saw more clarity emerge from the Qatar Central Bank on the closing down of Islamic financing units of conventional banks.
Strong buying, especially in large and mid cap equities, lifted the 20-stock benchmark by a robust 2.15% or 189 points to 8,949.76 points in the week that saw the central bank justifying its stand by highlighting the higher risks from conventional lenders operating Islamic financing as there would be difficulties in financial reporting. QE was the second best performer among the Gulf bourses……………………………………….Full Article: Source

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