The quarterly statistics issued by the Qatar Central Bank showed that the assets of Qatari Islamic banks increased in the month of March 2021 by 11.76 percent on an annual basis, reaching 476.44 billion riyals compared to 426.31 billion riyals compared to the same in 2020.
The assets of Islamic banks constitute about 27 percent of the total assets of commercial banks operating in the State of Qatar by the end of March 2021, which amount to 1761.3 billion riyals. The value of domestic assets of Islamic banks amounted to 431.4 billion riyals, while foreign assets amounted to 24.36 billion riyals, in addition to 20.66 billion riyals as reserves for those banks.
The value of customer deposits in Islamic banks registered 249.22 billion riyals, which constituted 27.89 percent of the total value of deposits in Qatari banks, which amounted to 893.38 billion riyals.
On the other hand, the total assets of Qatari banks increased by about 43.6 billion riyals from last February, to reach 1,761.3 billion. The assets of conventional banks increased in March by about 34.7 billion to 1232.9 billion riyals. Meanwhile, the assets of the specialized banks increased slightly to reach 13.2 billion riyals. While the assets of Arab and foreign banks decreased by 0.7 billion riyals to 38.8 billion riyals.
Source (Al-Raya Qatari newspaper, Edited)
