22.03.2013 - Qatar: Rapid growth in Islamic banking assets
Qatar has been ranked as the country where Islamic banking assets grew fastest in 2012. The country's Islamic banking assets were estimated to have grown by more than 23 percent during last year. Qatar's regulatory clarity has helped its Islamic banks to achieve the high growth rate, said the report by the Ernst & Young Global Islamic Banking Center. There is potential for a strong Islamic capital market play in Qatar in future. Barring the conventional industry leader, Islamic banks are comparable in size to conventional peers. Large infrastructure spend will fuel continued profitable growth for the banking industry, the report noted...............................................Full Article: Source
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