QNB and QIIB provide Sharia-compliant finance
The Islamic branch of Qatar National Bank and Qatar International Islamic Bank has provided Sharia-compliant financing worth QR1bn (Rs137 crore) to Qatar Real Estate Investment Company for its real estate projects.
Qatar’s rapid economic growth is also having a huge impact on supply and demand for real estate as more people are coming into the country.
Despite the slowdown, Qatar’s market continues to have a lot of liquidity.
Banks are probably more cautious in lending but they are lending nevertheless whereas in other countries they have stopped to provide funds altogether.