Conventional banks close Islamic branches as deadline nears
Some customers of commercial banks’ Islamic windows have switched their accounts to conventional operations of these very banks.
After a talk with local banks, The Peninsula has found out that more or less all the banks have decided to change the Islamic branches into conventional ones to retain the assets, staffs and the valued customers.
With an delusion of Qatar Islamic Bank (QIB) acquiring IBQ’s Islamic banking corporate portfolio (Al Yusr) and Barwa bank procuring the retail operations, the rest of the banks have decided not to sell out their branches.
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