Tagged: Qatar Central Bank

Qatar: Central bank imposes new rules on lenders

Qatar: Central bank imposes new rules on lenders

<p>New regulations introduced by the Qatar Central Bank (QCB) in mid-June will curb local banks&rsquo; investment options, potentially making sovereign bonds more appealing at the expense of some private sector options. Under the new regulations, with which lenders must comply within six months, equities and bonds can account for up to 25% of a bank&rsquo;s capital and reserves, although debt issued by the government and national banks are exempt from the limit. The cap had been previously set at 30%. The new regulations also limit the amount banks can place with individual companies and unlisted securities, establishing a maximum of 5% of capital and reserves for foreign investments and 10% domestically. The cap for total foreign equities is set at 15%. These new rules will apply to both conventional and Islamic lenders.</p>
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<p><a href="http://www.oxfordbusinessgroup.com/economic_updates/qatar-central-bank-imposes-new-rules-lenders" title="http://www.oxfordbusinessgroup.com/economic_updates/qatar-central-bank-imposes-new-rules-lenders">http://www.oxfordbusinessgroup.com/economic_updates/qatar-central-bank-i…</a></p>
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Qatar gears up to sell QR4bn in bonds, sukuk

Qatar gears up to sell QR4bn in bonds, sukuk

Qatar will sell QR4bn ($1.1bn) of three-year and five-year bonds and sukuk. The Qatar Central Bank will offer local banks QR3bn worth of bonds and QR1bn worth of Shariah-compliant notes. The local currency issues will take place quarterly, but it was n…