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QIIB considers US branches
- Qatar: Saturday, September 30 - 2006 at 15:43
The Qatar International Islamic Bank is considering the possibility of opening branches in the US after the US Federal Reserve approached the bank with a proposal to set up operations in the country, reported The Peninsula citing an Arabic daily. The QIIB's transactions share in the Qatari market amounts to around 8% and totals $1.9bn; the bank also has a 50% share in the UK's British Islamic Bank.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 30 - 2006 at 15:43 UAE local time (GMT+4)
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This article was updated on Wed Oct 04 2006.
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