Qatari banks with Islamic units rose, sending Qatar National Bank up the most this year, after Qatar Islamic Bank SAQ said it may be interested in buying the Shariah-compliant units of the banks.
Qatar National, the Persian Gulf country’s biggest bank, jumped 3.4 percent, the most since Dec. 5, to 141 riyals at the 1:10 p.m. close in Doha. The shares lost 4.8 percent on Feb. 6. Doha Bank QSC, Qatar’s third-largest bank by assets, rose 2.5 percent, the most this month, to 61 riyals. Commercial Bank of Qatar gained 2.3 percent to 89.5 riyals, the highest since Jan. 24.
Qatar’s central bank in a statement to lenders on Feb. 1 called for non-Shariah compliant banks to close Islamic branches by year-end and stop taking deposits in those units immediately.
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