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Profitability of Gulf Islamic banks to deteriorate in 2017, S&P says

The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play, S&P Global Ratings said in its report. “We expect the slowdown at Islamic banks in the GCC will persist in 2017 after asset growth declined to 5.3 percent in 2016 from…

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