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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar’s Masraf al Rayan gets Q1 deposit boost

Posted on 13 April 2010

From Reuters: Qatar’s fourth-biggest lender by market value, Masraf al Rayan, said first-quarter profits rose almost 50 percent on the back of rising deposits and a surge in financing activity.

The Islamic lender said quarterly profit hit 312 million riyals ($85.76 million), up 48.5 percent from a year earlier, boosted by a jump in deposits to 21.6 billion riyals from 13.8 billion riyals, in a statement………………………………..Full Article: Source

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