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Islamic finance: Qatar banks under pressure

Posted on 14 February 2011

From Gulfnews.com: The decision by the Qatar Central Bank to order conventional banks in the country to close their Islamic banking operations by the end of the year — without a detailed explanation — may be harmful to the financial services industry in the country and the region.
Many international and local conventional banks in Qatar have reportedly invested in setting up Islamic finance operations which they may now have to shut-down at some cost……………………………………….Full Article: Source

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