Latest news with #ThirdFinancialSectorStrategicPlan
Zawya
05-05-2025
- Business
- Zawya
Qatar Islamic Finance Report 2025: Expanding Horizons
Qatar is a key player in the regional and global Islamic finance industries, using its strong financial infrastructure and strategic initiatives to promote growth and innovation. By the end of 2024, Islamic finance assets in Qatar had reached QAR 694 billion, with Islamic banking and sukuk contributing 97% of that figure. Despite challenges from the Covid-19 pandemic, the sector grew at a robust compound annual growth rate (CAGR) of 6.4% between 2020 and 2024. Qatar's strategic prioritisation of the financial sector is integral to its economic diversification efforts, supported by worldclass infrastructure, competitive tax policies, and progressive regulatory reforms. The Third Financial Sector Strategic Plan, launched by the Qatar Central Bank (QCB) in 2023, aims to position Qatar as a regional leader in financial innovation. The plan places a strong emphasis on Islamic finance, which is integrated into each of its four central pillars: banking, insurance, digital finance, and capital markets. This 'Qatar Islamic Finance Report 2025' report presents the current Islamic finance landscape in Qatar, highlighting key developments and regulatory initiatives over the past five years and providing insights into emerging trends for each of its segments. The report also evaluates the progress Qatar's Islamic finance industry has made towards achieving the objectives of the Financial Sector Strategic Plan and positioning the country as a leading hub for financial innovation and Islamic finance.
Qatar Tribune
03-05-2025
- Business
- Qatar Tribune
Qatar University, QFCRA ink knowledge, expertise exchange pact
Tribune News Network Doha Qatar University (QU) has signed an agreement with the Qatar Financial Centre Regulatory Authority (QFCRA) to strengthen cooperation in the exchange of expertise and knowledge in linguistic, cultural, and translation fields within the finance and economy sector. The agreement was signed by Prof. Ibrahim Al-Kaabi, vice president for Academic Affairs at QU, and Fatma Abdulrahman Al Meer, chief financial officer and chief operating officer at QFCRA, in the presence of several officials from both parties. The agreement aims to strengthen cooperation between the two parties in developing the language and translation skills of students from the Department of English Literature and Linguistics, in alignment with the requirements in the finance and economy sector. It also aims to establish joint research projects that study linguistic, cultural, and translation challenges in the finance and economy sector through the development of innovative solutions to these challenges. Additionally, it seeks to encourage the exchange of knowledge and expertise between academics and professionals in the field of finance and economy, benefitting both parties, and to provide internship opportunities for students from the Department of English Literature and Linguistics. Prof. Ibrahim Al-Kaabi, vice president for Academic Affairs at QU, stated that this cooperation represents an important step towards aligning university education outcomes with labour market needs and opening new horizons between both parties. It also contributes to developing students' capabilities in applied fields that enhance their skills and broaden their professional prospects. He further emphasized that this agreement comes within QU's commitment to providing an educational environment that keeps pace with economic developments and offers its students opportunities to deepen their knowledge, thereby strengthening their ability to actively participate in national projects that contribute to achieving Qatar National Vision. On her part, Fatma Abdulrahman Al Meer, chief financial officer and chief operating officer at QFCRA, said, 'It is an honour to announce our partnership with Qatar University through this agreement. As part of its role under the Third Financial Sector Strategic Plan, the QFCRA's commitment to promoting financial literacy in Qatar is underscored by our continuous collaboration with our partners in academia. This agreement marks a significant step towards strengthening our educational and professional landscapes as we work towards achieving the Qatar National Vision 2030.'
Zawya
21-04-2025
- Business
- Zawya
Qatar Central Bank issues Sustainable Finance Framework
Doha, Qatar: Qatar Central Bank (QCB) has launched the Sustainable Finance Framework, in line with the Third Financial Sector Strategic Plan and the Environmental, Social, and Corporate Governance (ESG) and Sustainability Strategy for the Financial Sector. A QCB statement on Sunday said the newly issued framework is based on several key elements, including enhanced transparency, revenue management, reporting, and external audit. The statement added the objectives of the framework were strategically formulated to open new opportunities for growth and innovation in the State of Qatar. This framework represents a QCB proactive step to incorporate sustainable Islamic financial instruments and support the transition to a resilient and inclusive economy that balances the requirements of economic growth with environmental and social responsibility. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
