Fitch Ratings confirmed that the increasing availability of government sukuk and Islamic liquidity management tools by the Qatar Central Bank supports liquidity management and investment options for Islamic banks.
In a report issued today, it indicated that its review of its future expectations for three Qatari Islamic banks to positive from stable in April reflected a greater possibility of obtaining support from the concerned authorities in the State of Qatar.
The global rating agency said that Islamic banking services accounted for 25 percent of the total assets of the banking sector in Qatar at the end of the first quarter of 2023 (the end of the first quarter of 2022 reached 27 percent), making it the fifth largest market for Islamic banking services in the world, expected Overall market share increase in the current year due to high public demand and strong retail networks.
Source: Qatar News Agency