Robust growth for Islamic banks’ real estate credit
Islamic banks’ credit to the real estate sector has sprang to a staggering 71.24% at the end of November 2011, compared to the same period in 2010.
However, the credit facility to the contracting sector saw a major drop of 69.995. The sector included construction and maintenance of roads, water and electricity projects. The credit facility to these sectors saw a decrease by QR2.13bn against 2011 figures.
Syndicate
