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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Doha Bank sees no layoffs in Islamic business

Posted on 25 May 2011

Doha Bank will not lay off any employees impacted by the Qatar central bank’s ban on conventional banks engaging in Islamic finance, its chief executive said on Monday. Raghavan Seetharaman said the bank will honor existing commitments from Islamic business undertaken before Qatar’s decision.
“We have committed billions of riyals that we have to go ahead and finance. There is no stopping on that,” Seetharaman told Reuters on the sidelines of a conference in Abu Dhabi……………………………………….Full Article: Source

 
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