bank Archives

2 min

Qatar’s Commercial Bank ‘keen’ to issue green bonds

In April, Masraf Al-Rayan launched Qatar’s first Sharia-compliant green deposit. Qatar’s Commercial Bank says it is eager to issue green bonds, but only after ensuring that the designated money will…

5 min

Islamophobia in Europe: how does it impact the Islamic finance industry?

With Islamophobic sentiments tainting the Islamic finance market, Muslim-owned businesses in Europe face the consequences. The global Islamic finance market will likely experience a stable and potentially sustainable growth in…

3 min

News

Scammers steal thousands of riyals through messages pretending to be ‘Qatar Post’

Qatar has established a cyber security department to protect local customers amid increasing cyber crimes. Qatari citizens and residents are reportedly facing electronic fraud by a fake ‘Qatar Post’ email…

1 min

Business

QCB approves $50 billion mergers between Masraf Al Rayan and Al Khalij Commercial Bank

The latest merger will create Qatar’s second-largest Islamic bank. Qatar Central Bank (QCB) approved on Tuesday a $50 billion merger between Masraf Al Rayan QPSC and Al Khalij Commercial Bank…

2 min

Business

QNB customers can now pay using iPhones or Apple Watches

QNB becomes the first bank to introduce Apple Pay in Qatar. Qatar National Bank (QNB) announced on Tuesday the launch of Apple Pay through its mobile banking app and Apple…

2 min

Business

QNB’s QAR 1 trillion total assets ‘largest in the Middle East’

The unprecedented surge in net profit indicates that the country has started recovering from the repercussions of the coronavirus pandemic. Qatar National Bank has became the first local institution with…

2 min

Ahli Bank eyes debt sale to raise $500 million

The Qatar-based bank is seeking to raise $500 million in a bonds sale as Gulf economies face the repercussions of the Covid-19 pandemic. Qatar’s Ahli Bank is seeking to raise…

2 min

QIA trims Credit Suisse stakes following scandals

The reduction in stakes now means that the Qatar Investment Authority may no longer be Credit Suisse’s largest stakeholder. The Qatar Investment Authority (QIA) has trimmed its stake in Swiss…

1 min

Qatar Central Bank extends circulation of ‘old’ notes until July

Circulating old banknotes after the specified date is illegal, said QCB. Qatar Central Bank (QCB) announced on Wednesday an extension to the circulation of old banknotes. QCB said the circulation…

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