{
  "id": 6402423,
  "title": "Qatar’s Islamic Banking sector expands, fueled by digitalization and sustainability",
  "url": "https://urgent.news/2026/09/09/qatars-islamic-banking-sector-expands-fueled-by-digitalization-and",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-09T08:56:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/732887/business/qatars-islamic-banking-sector-expands-fueled-by-digitalization-and-sustainability"
  },
  "original_language": "en",
  "account": "Qatar's Islamic banking sector is experiencing robust expansion, propelled by digitalization, sustainability, and overall sector strength, according to the latest data from the Qatar Central Bank (QCB) and industry reports. Asset growth in the banking sector reached 5.1% in 2025, driven by credit expansion in both the public and private sectors, while maintaining an impressive capital adequacy ratio of 19.9% and a resilient NPL ratio of 3.4%. The Islamic finance ecosystem grew to a total of QAR 718.5 billion in 2025, with Islamic banks holding 85.8% of this market share, up from QAR 616.5 billion in 2024. The domestic assets of Islamic banks grew by 4.6%, with deposits increasing by 7.5% to QAR 364.4 billion, representing nearly 35% of total banking sector deposits. Total financing by Islamic banks rose by 4.2% to QAR 418.3 billion, accounting for about 29% of the bank sector financing. The sector's success is attributed to the positive operating environment, strategic plans, and innovative Sharia-compliant products. QIIB CEO Dr. Abdulbasit Ahmed Al Shaibei attributes the sector's growth to digitalization, financial innovation, and sustainable financing, noting QIIB's strong market presence and digital infrastructure investments. Dr. Khalid bin Ibrahim Al Sulaiti, Vice Chairman of Bait Al-Mashura Finance Consultations, emphasizes the role of digitalization in enhancing financial inclusion and highlights the growing importance of green and sustainable sukuk instruments in Qatar's Islamic finance sector. Despite challenges such as global economic uncertainty and competition from conventional banks, the sector is projected to continue its momentum over the next five years, driven by a growing asset base, increased financing for private sectors, and investments in renewable energy and green projects supporting Qatar's transition to a sustainable, knowledge-based economy.",
  "summary": "Qatar's Islamic banking sector continues to demonstrate steady growth, consolidating its position within the national financial system, driven by overall banking sector strength, evolving regulat...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}