From the Periphery to a Global Player: Historical Evolution of the Qatari Banking Sector

Ala’ Azmi Abumughli, Ahmet Faruk Aysan (), Ahmad Arslan (), İsmail Gölgeci () and Abderaouf Bouguerra ()
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Ala’ Azmi Abumughli: Hamad Bin Khalifa University
Ahmet Faruk Aysan: Hamad Bin Khalifa University
Ahmad Arslan: University of Oulu
İsmail Gölgeci: Aarhus University
Abderaouf Bouguerra: University of Surrey

Chapter Chapter 7 in Islamic Financial Institutions from the Early Modern Period to the 20th Century, 2024, pp 111-140 from Springer

Abstract: Abstract The incredibly rapid and remarkable rise of the banking industry in Qatar contains valuable historical lessons that the extant research has so far overlooked. We rely on the elite interviews with the pivotal players of the banking industry over the last several decades and archival data to present a history of the banking sector in Qatar. Our paper explains the key milestones in Qatar’s banking sector and reveals the changes in Qatar’s economic structure vis-a-vis the evolution of the banking sector. The findings also reveal the vital role of British banksBritish Bank in the early phases of this evolution and how local family businesses played an instrumental role in developing local banks, along with targeted state policies. Thus, our paper distinctly sheds light on the lesser-known period of the 1950s to 1980s of the Qatari economy by analyzing the evolution of its banking sector.

Keywords: Arabian Gulf; Banking; Evolution; Financial Services; History; Qatar (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-51318-3_7

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DOI: 10.1007/978-3-031-51318-3_7

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