Qatar's two largest sharia-compliant banks, Qatar Islamic Bank (QIB) and Masraf Al Rayan, reported better than expected increases in second-quarter net profit on Monday.
The results, coming after the profit jump at Qatar Natio
Qatar's banks are likely to face tightening liquidity, slackening credit growth, and weakening profitability during 2016, according to a Standard & Poor's Ratings Services report.
Although the drop in hydrocarbon price
Qatari banks are bulking up to play a role in funding the country's massive infrastructure expansion. But in a country which is already overbanked by some measures, they may risk becoming too big.
Doha Bank, Qatar's fifth-
Qatar's central bank asked conventional lenders to close down their Islamic operations amid worries of overlap between the two, banking sources said on Sunday, in a surprise move seen prompting other regions to follow suit.
Pursuing new avenues of growth such as wealth management is critical for Qatari banks if they want to flourish in an overcrowded market and achieve a regional role that matches the country's economic super status, said an expert.
Banks in Qatar will get cash and bonds in exchange for selling their real estate investments to the government under a QR15 billion ($4.12 billion) programme unveiled last week, a newspaper reported on Wednesday.
Qatar said last week it wo
Qatari banks should revisit credit and investment policies due to the global financial crisis and strike a balance between growth and risk, the Qatari central bank governor was quoted as saying on Thursday.
"Despite the positive outlook, w
Most Qatar banks saw a drop in investment returns on their assets last year compared to 2006 levels, according to a report.
Qatar National Bank saw returns on assets fall to 2.7 per cent in 2007 from 3.3 per cent in 2006, while Qatar Islam