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Islamic branches of commercial banks in Qatar to close by the end of the year

Posted on 20 December 2011

By the end of 2011, the Qatari market will not have Islamic branches of commercial banks, as a result of the Decision of Qatar Central Bank (QCB) issued in February stipulating the complete closure of Islamic counters.
QCB fixed a deadline for the commercial banks to liquidate their Islamic activities by the end of 2011 and thus, the Islamic banking services will be limited to the Islamic banks alone………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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