| From Btimes.com.my: Qatar, in requiring banks from HSBC Holdings Plc to Doha Bank QSC to close units offering Syariah- compliant services, is emulating Malaysia, the world’s biggest market for Islamic debt.
The Persian Gulf nation, whose economy is growing at the fastest pace in the world, sent an order to banks this week requiring non-Islamic commercial lenders to shut operations that comply with Syariah law by year-end, according to the central bank circular. Malaysia allows standalone Islamic banks and subsidiaries to provide the services..............................................Full Article: Source |