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Qatar in position to remain a large market for Islamic finance

The country has been active in Islamic finance since the early 1980s and is the fifth largest market for Islamic finance in the world. It is home to some of the world’s largest Islamic banks, who held 26 percent of total banking assets in the country and 6 percent of the global Islamic banking assets in 2020.

The volume of assets of Qatari Islamic banks amounted to QAR 415.8 billion in 2019 compared to QAR 350 billion in 2018.

The Islamic banks in the country witnessed a strong year on year performance with an increase of the profits by 15.4 percent to QAR 18.6 billion (USD 5.1 billion) in 2019 compared to 2018.

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