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Islamic Finance Briefing - Categorized | Banking, Market Moves more

QCB to hold Islamic assets, concerns raised over competition

Posted on 19 December 2011

Qatari commercial banks must transfer accounts from Islamic windows into a portfolio to be held by the central bank until they mature but commentators concerned over future competition in banking.
Qatar Central Bank (QCB) will manage the Islamic assets separately. “These will be carried in a portfolio, outside the activity of their business,” Qatar Central Bank Governor Sheikh Abdullah bin Saud Al Thani told Bloomberg News. “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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