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Islamic Finance Briefing - Categorized | Banking, Market Moves, New Launches more

Qatar’s Masraf al Rayan unveils Shariah-compliant brokerage

Posted on 01 August 2012

Masraf al Rayan, Qatar’s largest Islamic bank and its fourth-largest bank by market value, has set up an independent brokerage subsidiary that it says will buy and sell “various Shariah-compliant financial instruments for all types of investors”.
The bank’s introduction of a Shariah-compliant brokerage comes about 18 months after Qatar’s central bank told conventional banks operating in the country that they must shut their Islamic operations by the end of 2011, which boosted interest in the country’s Islamic banks, including Masraf al Rayan………………………………………..Full Article: Source

 
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