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Fitch says Qatar’s Islamic lenders may struggle to lure deposits

Fitch Ratings has said Qatar's controversial order for conventional banks to close their Islamic units may be proving less positive than expected for purely Islamic lenders, Reuters has reported. "One of the concerns that depositors have is whether they will have the same level of customer service and conveniences available at established conventional banks," Mahin Dissanayake, director at Fitch Ratings said "It still may be a bit early to say definitively, but it's definitely possible that Islamic banks will see less of a benefit than they thought in February."