DOHA/DUBAI: A year after Qatar ordered conventional banks to stop offering Islamic financial services, an expected windfall for its Islamic banks has yet to materialise. Nor is it clear that banks' customers are benefitting from the policy.
The episode illustrates the difficulties that countries face as they manage the relationship between conventional and Islamic banking. Trying to adjust that relationship carries risk, for both regulators and the banks themselves.
Islamic Finance,Islamic banking,Islamic banking and finance
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