Opportunity for Qatar Islamic Banks to Attract Islamic Business with Opening of Regional Markets: Experts

Islamic banks in Qatar are expected to have opportunities for attracting Islamic business to the country, following the opening of regional markets to business again, according to experts from Carnegie Mellon University in Qatar (CMU-Q). The experts included John O’Brien, Senior Associate Dean, Faculty and Outreach; and Fuad Farooqi, Area Head, Business Administration, who cited data gathered from Qatar Security Market Analytics Research and Teaching Laboratory (Q-SmartLab) at CMU-Q.

Why it matters?

As Qatar has two distinct banking sectors – Islamic and conventional, this allows each sub-sector to focus on its advantages. Islamic banks are expected to grow faster than their counterparts, according to market-implied expected growth numb...