al khaliji Closes Down its Islamic Branch

Doha, January 03 (QNA) - Al Khalij Commercial Bank (al khaliji) has closed down its Islamic Branch, as part of its adherence to the instructions issued by the Qatar Central Bank in the first quarter of 2011, requesting conventional banks to close down their Islamic windows. al khaliji Chairman, HE Sheikh Hamad Bin Faisal Bin Thani Al Thani said, "As a pioneer Qatari bank, al khaliji will remain focused on its Medium-term business strategy, which is aligned to the economic reality in the region. We are leveraging our Treasury Management and Corporate Business, while we continue to offer our preferred Premium and Business Banking customers differentiated banking products and services, in an aim to constantly meet stakeholders expectations." Headquartered in Doha, al khaliji is one of Qatar's leading commercial banks and a member of the Qatar Exchange Index, with around QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011. (QNA)