Capitals Of Islamic Finance-Qatar

Doha, Qatar
Population:Muslims 928,635 ,77.5%
Financial Sector :Islamic $81.3 billion (assets)$14.8 billion (assets), or 18.2% of financial sector.
Major players:Qatar Islamic Bank, Al Rayan.

Oil and gas make up nearly 70% of Qatar's economy, and the recycling of petro-dollars is key to Qatar's ambitions in the region. Like Dubai, Qatar wants to be the leading financial player in the region, and Sharia-compliant investment will play a part in the $142 billion worth of upcoming development projects in the small constitutional monarchy.
But also like Dubai, Qatar is facing a burgeoning inflation problem. This is partly due to the dollar-pegged currency, but also to Qatar’s rapid population growth, which could put added pressure on its economy.