Islamic banks better prepared to face crunch - The Peninsula Qatar

Islamic banks better prepared to face crunch - The Peninsula Qatar:

"Qatar’s Islamic finance industry’s combined assets totalled QR386.5bn by the end of 2016, constituting 23 percent of Qatar’s total financial system assets, which are under the supervision of Qatar Central Bank (QCB).
In the past five years, the growth of Islamic finance industry assets slightly outpaced that of the overall banking industry, growing at a CAGR of 11 percent from 2012 to 2016, while CAGR for the overall financial system stood at 9 percent. “The Qatar Islamic Finance Report”, released at the 4th Doha Islamic Finance Conference has revealed.
The report, jointly prepared by Qatar Financial Centre (QFC), Thomson Reuters and the Islamic Research and training Institue (IRTI), noted that as with the overall financial system in Qatar, the Islamic banking sector is the biggest driver of industry asset growth given its 83.5 percent share of total Islamic finance assets. It grew at a CAGR of 13 percent between 2012 and 2016, while the overall banking industry grew at 11 percent."



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