Qatar Banking Sector Soars
Qatar’s developed banking sector consists of 17 banks, out of which nine are Qatari owned institutions comprised of six commercial banks and three Islamic banks. The six Qatari owned commercial banks are Qatar National Bank (QNB), Commercial Bank of Qatar, Doha Bank, Ahli Bank, Al Khalij Commercial Bank and International Bank of Qatar while the three Islamic banks are Qatar Islamic Bank, Qatar International Islamic Bank and Masraf Al Rayan. more…
Qatar: Energizing Growth
Qatar is set to ride the wave of higher economic growth, forecast at 9.8% year-on-year (y-o-y) in 2008, achieved on the back of high oil revenue and its recently bestowed status as the world’s largest exporter of liquefied natural gas. This in turn will fuel private consumption and public expenditure. Most of Qatar’s wealth comes from its offshore Northfield measuring more than half of its land area, which was recently classified as the largest non-associated gas basin in the world. more…
Need for Better Corporate Governance in Islamic Finance?
The Islamic finance industry continues to grow exponentially worldwide and latest estimates show that global Shariah-compliant assets have crossed the US$500 billion mark. Since its modern-day re-emergence nearly 35 years ago, this religion-based financial system has positioned itself as a growing force to be reckoned with in the global financial arena. more…
Principle Takes UK’s Islamic Finance Industry to a New Level
It is without a doubt that the Islamic finance sector in the UK has gone full steam ahead. Beginning with the amendment of its finance laws to provide a level playing field for both conventional and Islamic financial institutions to recent commitment to issuing its first sovereign Sukuk, the country is set to be another force to be reckoned with in the industry. more…
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