(IMHO-Yes, Time to change the tide of Shariah Finance, and get back to Western Banking, Western Freedom, and stop Shariah Now.
comments by Allyson Rowen Taylor)
The Emirates NBD merger did not set off the much anticipated wave of banking mergers that everyone expected, but is a slowing global economy and a saturated GCC banking sector about to push reluctant regional banks into each others’ arms?
Qatar National Bank (QNB) said it has acquired of 23.8 per cent of Commercial Bank International (CBI) which is based in the UAE. The total amount of the deal was equivalent to $302.2 million.