Qatar ban seen dealing Islamic banking upthrust
Islamic finance has been given the boost it needed in the Gulf by a Qatari ban on conventional banks offering sharia-compliant services.
Qatar’s move last month draws a line in the sand between Islamic banks and their conventional peers, which control 83 percent of the region’s banking assets.
Even before Qatar’s shock decision, the Islamic finance industry was expected to grow by between 15 to 20 percent a year.
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