From Arabnews.com: The issuance by the Qatar Central Bank (QCB) recently of a directive requiring the country’s conventional banks which have opened Islamic banking windows (IBWs) to close them down by the end of 2011 may result in a spate of operational complexities in the implementation of the directive.
Both Professor Rifaat Abdel Karim, the secretary general of the Islamic Financial Services Board (IFSB), the prudential and supervisory standard setting body for the global Islamic finance industry, and Islamic bankers such as Richard Thomas, the CEO of Gatehouse Bank in the UK, agree that the complexities lie with trying to match short-term deposits placed with the IBWs with their longer term liabilities……………………………………….Full Article: Source