According to Ernst and Young, Islamic assets in Qatar’s commercial banking industry rose 23 per cent 2012, outgrowing the Gulf banking industry’s growth of 14 per cent.
Qatar Islamic Bank itself saw assets grow more than 25 per cent in 2012.
Bucking the trend of most other banks in the region, QIB, which is the Gulf state’s largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before 2014.