28.02.2011 - Islamic unit closure not to hit profits: Doha Bank
From Thepeninsulaqatar.com: Doha Bank says the closure of its Islamic arm wouldn’t affect its profitability as it would still be free to invest in Shariah-compliant avenues. “There are opportunities to invest. Still we can invest and grow long-term value generation out of Islamic finance,” the bank’s CEO, R Seetharaman, said. Talking to reporters on the sidelines of Doha Bank’s AGM yesterday, he said contract financing was its forte and it would focus more on it for added growth..............................................Full Article: Source
Print