Monday 12, December 2016 by

Fitch Ratings: Qatari Islamic banking developing with a competitive edge

The growth rate of Islamic banks in Qatar was 7.2 per cent, while conventional banks grew at about 6.5 per cent in 1H16, mainly due to higher retail and real estate financing. Islamic banks accounted for 25.2 per cent of total financing at end-1H16, against 25 per cent at end-2015 (including Qatar National Bank’s acquisition of Turkey’s Finansbank, Islamic banks had 23 per cent at end-1H16).

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