Latest news with #YousufAlJaida
Zawya
26-05-2025
- Business
- Zawya
QFC and Ashmore Group sign deal to boost Qatar's asset management sector
Doha, Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signs an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages $46.2bn, to support the expansion of Qatari capital markets. The partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy. Commenting on the importance of this partnership, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said: 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years." "We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It also marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-05-2025
- Business
- Zawya
QFC and Ashmore Group sign MoU to boost Qatar's asset management sector
Doha – Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signs an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages US$46.2 billion, to support the expansion of Qatari capital markets. The partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy. Commenting on the importance of this partnership, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said: 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years. We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It also marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management. ABOUT THE QATAR FINANCIAL CENTRE The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms. For more information about the permitted activities and the benefits of setting up in the QFC, please visit @QFCAuthority | #QFCMeansBusiness MEDIA CONTACTS QFC Corporate Communications Rasha Kamaleddine | E.
Zawya
06-05-2025
- Business
- Zawya
QFC AND LSEG CO-HOST Islamic Finance Forum
Qatar's Islamic Finance Sector Shows Strong Growth Across Key Segments Doha – Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, and London Stock Exchange Group (LSEG), one of the world's leading providers of financial markets infrastructure, data, analytics, indices, and news, jointly hosted the QFC Islamic Finance Forum themed 'Enabling Transformation'. Bringing together industry leaders and policy experts, the forum featured high-level discussions on strategies for modernising Islamic finance and shaping its future across banking, capital markets, and fintech. A central highlight of the forum was the launch of the Qatar Islamic Finance Report 2025: Expanding Horizons, developed in collaboration with LSEG. The report maps key developments in Qatar's Islamic finance sector over the past five years, with insights on market trends, regulatory progress, and alignment with the Qatar Financial Sector Strategic Plan. Key findings included: Islamic finance assets: The value reached QAR 694 billion by the end of 2024, with Islamic banking and Sukuk making up 97% of the total. Islamic banking surge: Assets hit QAR 586 billion in 2024, growing at a 6.8% CAGR since 2020, outperforming conventional banks. Sukuk market expansion: Sukuk issuance by Qatari entities more than tripled from QAR 9.2 billion in 2020 to QAR 30.4 billion in 2024. Takaful sector growth: Gross written contributions rose to USD 1.9 billion in 2024, with market share nearly doubling from 6% to 11% between 2020 and 2024. FinTech momentum: Islamic FinTech transaction volumes tripled to nearly QAR 10 billion in 2024, with a projected CAGR of 10% through 2028. Global recognition: Qatar ranked 8th in the 2024 Global Islamic FinTech (GIFT) Index. Also unveiled was the QFC Sukuk Guide, which provides a concise overview of Qatar's Sukuk market since 2005. It also outlines common Sukuk structures and explains the legal and regulatory frameworks relevant to issuers under the QFC platform. Commenting on hosting the event, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said: "This forum represents our commitment to facilitating knowledge exchange and policy dialogue in Islamic finance. Through our collaboration with LSEG on the Qatar Islamic Finance Report 2025, we aim to support stakeholders with the insights and tools needed to tap into the growing opportunities within Qatar's dynamic financial sector.' The forum welcomed guests from leading organisations in Qatar and the wider financial services community. ABOUT THE QATAR FINANCIAL CENTRE The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms. ABOUT London Stock Exchange (LSEG) LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world's financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
