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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Qatar Central Bank to hold lenders’ Islamic assets to maturity

Posted on 16 December 2011

Sheikh Abdullah bin Saud Al Thani Qatari commercial banks will be required to transfer accounts from their Islamic divisions into a portfolio to be held by the central bank until they mature, under a rule separating the two kinds of finance.
“These will be carried in a portfolio, outside the activity of their business,” Central Bank Governor Sheikh Abdullah bin Saud Al Thani said in a telephone interview today. “We are not in the business of mixing the Islamic with the non- Islamic by the end of the year.”……………………………………….Full Article: Source

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