The QE 20 Index climbed 1.02 per cent to 11,305.87 points on Sunday, February 9. Islamic financial institution Masraf Al Rayan recorded the biggest advance, closing 4.26 per cent higher at QAR37.90. One month ago, Al Rayan bought the UK’s oldest Islamic standalone bank, Islamic Bank of Britain (IBB), for an undisclosed sum. IBB’s major shareholder before the deal was Qatar International Islamic Bank.
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