Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Qatari banks in talks to form Sharia-compliant $44-bn megabank

SHARE:

DOHA  - Three Qatari banks announced Tuesday that they are in merger talks to create a financial institution with assets of more than $44 billion.

Masraf Al Rayan, Barwa Bank and International Bank of Qatar said the potential merger would create the third largest Sharia-compliant bank in the Middle East, in a statement released to the Qatar Stock Exchange.


The banks had entered "initial negotiations", they said, without giving a timeframe for a merger.

"The merger is... expected to contribute positively to the economic development in the State of Qatar by supporting business and small and medium sized entities, and would also create a strategic partner for the government and the public sector," they said.

The planned consolidation comes at a time when Qatar has been hit by low energy prices and the soaring costs of hosting the 2022 football World Cup.

Last week, the gas and oil-rich emirate approved a 2017 budget with a deficit of more than $7 billion.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Qatari banks in talks to form Sharia-compliant $44-bn megabank
Qatari banks in talks to form Sharia-compliant $44-bn megabank
https://4.bp.blogspot.com/-4dOuEWFlAYw/WFkke0ZwiqI/AAAAAAAAXYk/8Ke6AZsUU-sjdk2Wio7JBjWy505alcyTwCLcB/s640/Three%2BQatari%2Bbanks%2Bstart%2Btalks%2Bto%2Bcreate%2Ban%2Binstitution%2Bwith%2B%252444%2Bbn%2Bof%2Bassets.jpg
https://4.bp.blogspot.com/-4dOuEWFlAYw/WFkke0ZwiqI/AAAAAAAAXYk/8Ke6AZsUU-sjdk2Wio7JBjWy505alcyTwCLcB/s72-c/Three%2BQatari%2Bbanks%2Bstart%2Btalks%2Bto%2Bcreate%2Ban%2Binstitution%2Bwith%2B%252444%2Bbn%2Bof%2Bassets.jpg
Muslim Global
http://www.muslimglobal.com/2016/12/qatari-banks-in-talks-to-form-sharia.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2016/12/qatari-banks-in-talks-to-form-sharia.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy