Few lenders can claim to have had as much good fortune as Qatar Islamic Bank this year.
In the past month, not one but two putative challenges to its position have evaporated, leaving the country's largest Sharia-compliant lender in an enviable position. The bank's stockwas flat yesterday at 77 Qatari rials, as the QE Index fell 1.02 per cent to 8,156.60.
A planned tie-up between Al Khaliji Commercial Bank and International Bank of Qatar, now called off, would have created the third-largest bank in Qatar. That might not have been a problem for Qatar National Bank, the country's biggest lender, but the prospects for Qatar Islamic Bank (QIB) could have been different.
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