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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Conventional banks begin New Year sans Islamic operations

Posted on 04 January 2012

Conventional banks in Qatar resumed their banking services yesterday for the New Year 2012 with 100, 000 Shariah compliant account holders. According to a Qatar Central Bank (QCB) directive, all the conventional banks were required to shut down all the Islamic branches and windows by December 31, 2011.
According to bank sources, hitherto, the conventional banks under their Islamic banking operations have had about 100, 000 account holders (both individuals and firms put together) from the time they started offering Islamic banking services since the middle of the previous decade………………………………………..Full Article: Source

 
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