Mubasher: Qatar on Tuesday announced the launch of the largest energy-focused Islamic bank with a capital of $10 billion.

The energy bank will be launched in the fourth quarter of 2019 with a paid-up capital of $2.5 billion under the umbrella of Qatar Financial Centre (QFC), CNBC Arabia reported.

The largest energy lender will offer sharia-compliant international investment and banking services in oil, gas, petrochemicals and renewable energy sectors.