In recent years Qatar’s Islamic financial services (IFS) sector has expanded rapidly, on the back of government support and growing interest among domestic corporates and individuals alike. While tightening liquidity has the potential to result in slightly curtailed growth across the country’s banking sector as a whole in 2016-17, sharia-...
The maturation of Qatar’s Islamic financial services (IFS) industry over the past decade and a half has led the country’s sharia-compliant institutions to take a two-tiered approach to growing their business. First, the nation’s Islamic financial institutions have focused on serving domestic demand. Second, as in the conventional segment, many...
Do you view the recent growth of sharia-compliant finance in non-Islamic jurisdictions as complementary to, or competitive with, Qatar’s aspirations to become an Islamic financial centre?
With balance sheet growth of 19%, up from 12% the previous year, at the end of 2014 Qatar was home to the fastest-growing Islamic banking segment in the GCC region, according to data released in late 2015 by the international ratings agency Standard & Poor’s (S&P). The country’s four national sharia-compliant lenders – namely Qatar...
After a banner year in 2014, Qatar’s capital markets endured a period of volatility in 2015. The Qatar Stock Exchange (QSE) ended 2015 down around 15% on the previous year, according to data from the exchange. Market participants and observers alike attributed the drop to fluctuating investor sentiment linked to the continued decline of energy...
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