Islamic banks in Qatar registered a strong double-digit year-on-year growth in credit extension in July, substantially outpacing the loan growth within the conventional domestic banks ...
The total assets of Qatar’s four Islamic banks rose by 1.77%, while their financing assets climbed by 3.81% in the first nine months of 2018, Oxford Business Group has said in a report.
Islamic banks, which account for more than 26% of Qatar's banking assets, need to take advantage of modern technology to develop and expand their portfolio as well as reduce costs, in view of the umpteen opportunities in the country's mammoth infrastructure drive.
Qatari Islamic banks have consistently enjoyed the lowest cost-to-income ratios throughout the 2017-18 analysis period, the Islamic Financial Services Board (IFSB) has said in a report.
Qatar is planning to set up a central Shariah committee for Islamic banks to create consistency in Islamic finance, according to the country's central bank.
European stock markets slid yesterday as investors reacted to the US Federal Reserve’s gloomy economic outlook and troubled banks in Italy.