From Gulf-times.com: Conventional lenders stand to lose between 8 and 16% of their deposit base, total assets and profits with the Qatar Central Bank’s stipulation to close down their Islamic banking operations, according to Moody’s ratings agency.
“The loss of Islamic banking franchise is credit negative for Qatari conventional banks, which derive 10-15% of their yearly earnings from Shariah-compliant banking,” Moody’s credit analyst Elena Panayiotou said……………………………………….Full Article: Source