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Qatar ban ‘a blow to banks’

Posted on 16 February 2011

From Tradearabia.com: Qatar’s order that conventional banks stop offering Islamic banking services will have a negative impact on those banks and benefit Islamic ones, Moody’s rating agency has said.
‘The loss of Islamic banking franchise is credit-negative for Qatari conventional banks, which derive 10 to 15 per cent of their yearly earnings from Sharia-compliant banking,’ Moody’s was quoted as saying in a report in our sister newspaper Gulf Daily News……………………………………….Full Article: Source

 
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