posted by Christopher W. Holton
Qatar is certainly isolated due to its support for the Islamic State and the Muslim Brotherhood, in addition to its cozy ties with the Ayatollahs in Iran.
The economic warfare has begun, with the United Arab Emirates firing the opening salvoes…
A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their funding from the region.
United Arab Emirates central bank has ordered local banks to stop dealing with the 59 individuals and 12 entities with alleged links to Qatar and to freeze their assets.
It has also told them to apply enhanced due diligence for any accounts they hold with six Qatari banks. The six banks are QNB, Qatar Islamic Bank, Qatar International Islamic Bank, Barwa Bank, Masraf Al Rayan and Doha Bank.
It is worth noting that prominent Sunni Shariah scholar and Muslim Brotherhood spiritual guide Yusuf al-Qaradawi chairs the Shariah advisory boards of Qatar Islamic Bank and Qatar International Islamic Bank.