15.02.2011 - QIB’s valuation will rerate!
From Khaleejtimes.com: The central bank of Qatar’s directive that conventional commercial banks close down their Islamic businesses is unquestionably negative for the sector but it could spawn spin offs of subsidiaries and sale of loan books to the pure Shariah compliant licenses operating in Qatar. The Central Bank of Qatar wants to accelerate the growth and market share of state’s Islamic banks, which found it difficult to deal with the sheer economics of scale and brand dominance enjoyed by QNB, the de facto national champion and largest universal banking conglomerate in the emirate..............................................Full Article: Source
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