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Qatari lenders issued $2.2bn in sukuk in Q1 2013
- Qatar: Sunday, May 05 - 2013 at 01:30
Qatar's central bank has said Islamic lenders in the country have raised QR8bn ($2.197bn) through sukuk in the first quarter of this year, as they sought to boost their capital base, Gulf Times has reported. Furthermore, investments by the banks dealing in Qatar in Islamic bonds have reached QR47bn in the first three months of this year, said central bank governor, Sheikh Abdulla bin Saoud al-Thani. The apex lender issued bonds valued at QR39bn in order to strengthen the financial position of Islamic banks and also to conform to the Basel III capital norms, the governor noted.
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