MANAMA: Islamic banks in Qatar and Kuwait have a negative outlook for 2022, due to the former’s increasing reliance on external funding and the latter’s negative sovereign outlook, according to Fitch Ratings.
The agency said yesterday that the ‘Rating Watch Negative’ on all rated Qatari Islamic banks reflects their increasing reliance on external funding and rapid asset growth, which may have moderately weakened the sovereign’s ability to support the banking system, if needed .
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