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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Little to cheer from Qatar Islamic Bank

Posted on 20 January 2012

Investors in Qatar Islamic Bank were left wanting this week after disappointing earnings from the Sharia-compliant lender. The bank, based in Doha, had been expected to take large chunks of market share from conventional banks forced to shed their Islamic units last year.
Qatar Islamic Bank’s stocks fell 3.1 per cent to 80.3 Qatari rials each after reporting profits of 1.3 billion rials last year, an increase of 2.2 per cent compared with the year earlier………………………………………..Full Article: Source

 
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