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Middle EastMay 30 2022

The rise and rise of Qatar’s Islamic banking sector

Kit Gillet talks to the group CEO of Qatar Islamic Bank about the role Islamic banking plays in Qatar today, the potential impact of the 2022 World Cup, and what is holding back the global adoption of Islamic finance.
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The rise and rise of Qatar’s Islamic banking sector

Qatar Islamic Bank (QIB) had a strong 2021, with assets up 11.2% year-on-year and net operating income rising by 10.1%. The bank is at the forefront of the growth of Islamic banking in Qatar, where sharia-compliant assets now account for 28% of total banking sector assets.

Q: What role does Islamic banking play in Qatar today?

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