The assets of Islamic banks in Qatar rose to QR195bn at the end of 2012 compared to QR8.8bn 10 years ago, HE the Governor of the Qatar Central Bank (QCB) Sheikh Abdullah bin Soud al-Thani has said.
Speaking at Oman’s Second Islamic Banking and Finance Conference on Sunday night, the central bank governor said the assets of Islamic banks represented 23.8% the total assets of the banking sector, up from 14% back in 2002.
Deposits in Islamic banks represented 26.6% of the deposits in the banking sector, he said. Islamic banks have a total of QR121.6bn in deposits. Profits of Islamic banks jumped to QR3.8bn during the same period, Sheikh Abdullah added.
One of the results of the increased demand for Islamic banking services, the central bank governor said, was that commercial banks had sought in 2005 to offer Islamic banking services.
Read more: http://www.gulf-times.com/business/191/details/346070/assets-of-qatari-islamic-banks-soar-to-qr195bn
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