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First Finance CEO hails QCB move on Islamic banking

Posted on 21 February 2011

From Thepeninsulaqatar.com: The Chief Executive Officer of First Finance Company, a Qatari based Islamic Finance Services (IFS) institution, has applauded moves by the Central Bank of Qatar to impose greater regulation on conventional banks offering Islamic services over concerns that “unhealthy competition could lead to over-aggressive practices”.
Khalid bin Ibrahim Al-Sulaiti, who is also Vice Chairman of IFS consultancy Bait Al Mushara, told Oxford Business Group (OBG), the global publishing, research and consultancy firm, that the constraints of Qatar’s market also highlighted the likelihood of consolidation within the sector……………………………………….Full Article: Source

 
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