Qatar Islamic Bank Q4 profits fall 23%
On January 18, 2010 · In Defaults, Dubai, Islamic Banking, Qatar, Shariah Banking
Qatar Islamic Bank, the Gulf state’s second largest lender by market value, saw fourth-quarter net profit drop 23 percent on Monday, falling shy of analysts expectations.
Not long ago, Qatar Islamic Bank revealed that it had an exposure in the Dubai default debacle.
This is but the latest in a series of disappointing reports from Qatar, as SFW has reported over the past year…