The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
Qatar Islamic is studying the Sudanese venture with partners in Qatar and the Gulf Arab region, Chief Executive Salah Jaidah said, according to a statement posted on the Doha bourse Web site. The statement did not name the partners.
In January, Qatar Islamic said it had applied for a banking licence in Britain to increase exposure to European markets, where demand is growing among Muslims for investments that comply with their beliefs.
The plan “comes within the bank’s strategy to increase its successful investments at regional and international levels,” the bank said.
Islamic banks cater to Muslim investors who want to avoid earning or paying interest, viewed as usury under Islamic.
Shares of Qatar Islamic were up 1.49 percent at 0926 GMT.
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
She was shopping in Hong Kong, where she was on vacation with her family, when someone spotted her and asked if she'd like to become a model.
After the October 7 attacks, Israel imposed a complete siege on Gaza, blocking food, water and medicine, before eventually allowing some deliveries
The event highlighted Hilton's innovative ‘Green Ramadan’ initiative and its commitment to sustainable hospitality in Hilton
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Customers can earn miles with every purchase made with any linked payment card across all Union Coop stores and online
People will be trained for a couple of months before they are able to drive and fly it
Conditions are likely to get humid by night time