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

No Islamic bank decision rollback, says QCB chief

Posted on 20 December 2011

There would be no rollback of the decision that requires traditional banks engaged in Islamic banking to stop the practice by the year-end. This was made clear by the Governor of Qatar Central Bank (QCB) HE Sheikh Abdullah bin Saud al Thani.
The move to prohibit Islamic banking by regular banks has to do, with issues related to the supervision and control mechanisms as well as matters relating to the monetary policy of the country, the QCB governor added………………………………………..Full Article: Source

 
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