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Qatar plans Islamic bank

Posted on 17 February 2011

From Gulf-daily-news.com: Qatar’s central bank will meet conventional banks to discuss options for their Islamic operations, including pooling Islamic assets into a newly created Islamic bank, a Qatari newspaper said yesterday.
Under the proposal, conventional banks, which were told by the central bank to close their Islamic operations by the end of the year, would move their Islamic assets to a new Islamic bank and stakes in the bank would be set by deposits and funds transferred, the daily Al Sharq said, citing banking sources……………………………………….Full Article: Source

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