Latest news with #YousufMohamedAlJaida
Qatar Tribune
27-05-2025
- Business
- Qatar Tribune
QFC, Campden partner to boost family businesses
Tribune News Network Doha The Qatar Financial Centre (QFC), a leading onshore financial and business hub in the region, partnered with Campden Wealth, a global membership organisation for families of significant wealth, to host the Qatar Family Office Showcase at The Ned, Doha. This high-level event convened family offices, high-net-worth individuals, international investors, and prominent families to explore opportunities in wealth management, with a particular focus on family businesses in Qatar. QFC Chief Executive Officer Yousuf Mohamed Al Jaida emphasised the significance of the gathering, stating, 'We are witnessing an unprecedented generational wealth transfer, with over $84 trillion set to change hands in the coming decades. This shift is prompting families of significant wealth to re-evaluate how they manage, preserve, and grow their assets across generations. Family offices have emerged as a trusted and strategic model to navigate this complexity, and with global assets under management expected to exceed $5 trillion by 2030, their relevance is only accelerating. At QFC, we are proud to support this transformation and position Qatar as a leading hub for wealth stewardship in the region and beyond.' Campden Wealth CEO Dominic Samuelson said, 'The showcase brought together international family business owners and family office principals with regional and local families to share insights and experiences, lay the ground for generational relationships, and inform on the benefits and opportunities for establishing a family office structure in Doha, Qatar.' A cornerstone of the programme was the panel session titled 'From Vision to Reality: Qatar's Ecosystem for Families & Investors' moderated by Al-Jaida and featuring Invest Qatar CEO Sheikh Ali Al Waleed bin Khalifa Al Thani and Vice Chairman of Nasser Bin Khaled & Sons Group Sheikha Hanadi Al Thani. The discussion offered valuable insights into how Qatar's investment environment, cultural foundations, and public-private collaboration are creating a robust ecosystem for multigenerational family businesses and international investors alike. Throughout the day, participants took part in expert-led workshops focused on practical topics including Tax & Regulatory Regimes, Structuring for Wealth Preservation, Trusts and Foundations, and Succession Planning. Distinguished speakers from organisations such as Invest Qatar, Nasser Bin Khaled & Sons Group, PWC, Charles Russell Speechleys, FFF International, and JTC group provided insights on how families can effectively navigate global trends, anchoring their strategies within the framework of Qatar's robust regulatory and business ecosystem.
Qatar Tribune
26-05-2025
- Business
- Qatar Tribune
QFC, Ashmore sign MoU to boost Qatar's asset management sector
Tribune News Network Doha 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 $46.2 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 the partnership, QFC Chief Executive Officer Yousuf Mohamed Al Jaida 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.' Ashmore Group Chief Executive Officer Mark Coombs 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.
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
Regulating digital assets requires evolving legislative frameworks
QNA Doha The Qatar Economic Forum 2025 Wednesday discussed the regulation of cryptocurrency and digital assets, emphasizing the need to develop advanced legislative frameworks that account for global economic and political changes. A forum session titled 'It's Time to HODL: Crypto Investor Outlook' examined the complexities of investing in digital assets, key opportunities, and risks, highlighting that traditional regulatory frameworks are no longer sufficient to govern the evolving sector. Speakers included CEO of Qatar Financial Centre (QFC) Yousuf Mohamed Al Jaida, CEO of BitOasis Ola Doudin, CEO of the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) Emmanuel Givanakis. Al Jaida stated that since 2018, QFC has been developing a comprehensive regulatory framework for digital assets, focusing on risk management related to anti-money laundering (AML), data protection, creating a secure investment environment. He noted that QFC has adopted a flexible approach aligned with market developments, while enhancing governance and compliance standards to reduce risks without stifling innovation. Panelists emphasized the importance of differentiating between cryptocurrencies and digital assets, clarifying that digital assets include tokenized assets unrelated to digital currencies. Al Jaida explained that Qatar Central Bank does not support direct cryptocurrency use, such as Bitcoin, leading QFC to focus regulatory efforts on asset tokenization, particularly in the real estate sector. He said that tokenization of real-world assets democratizes investment access and drives economic growth, adding that the Gulf real estate market holds significant opportunities for this transition. Speakers highlighted that some markets lack regulatory clarity, enabling unregulated platforms that pose risks to consumers and expose vulnerabilities for money underscored the importance of regional coordination among financial centers, noting that consistent policies across countries are essential for success, given differing regulations in the sector. Panelists also pointed to rising demand for cross-border payment tools and cryptocurrencies in the Gulf, signaling a shift in digital asset usage from speculation to practical economic applications. Additionally, growing institutional interest in digital assets, with major investors entering the market, is fostering maturity and confidence in the sector. In closing, speakers affirmed that the future of digital assets in the Gulf is promising, provided that regulatory frameworks continue evolving, regional cooperation strengthens, and transparency increases to protect investors. Such advancements will ensure sustainable growth for this rapidly expanding sector.
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
QFC partners with HKTDC, HSIL to deepen financial sector ties with Hong Kong
Tribune News Network Doha Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has signed a memorandum of understanding (MOU) with the Hong Kong Trade Development Council (HKTDC) and a Heads of Terms (HOT) with Hang Seng Indexes CompanyLimited (HSIL). The signings, which mark a significant step in advancing trade, investment, and financial collaboration between Qatar and Hong Kong, took place during the visit of the business delegation from Hong Kong and Mainland China led by John Lee, the chief executive of Hong Kong Administrative Region of China, to Doha on 11-12 May 2025. The MoU with HKTDC establishes a framework of cooperation to share sector-specific insights and facilitate market access for businesses from both regions. The two parties will also collaborate in organising and supporting trade-related events such as forums and exhibitions, as well as cross-promote initiatives through their digital platforms. The agreement also includes provisions to promote Qatar's services internationally via HKTDC's platforms and provide regulatory guidance to Hong Kong companies entering the Qatari market through the QFC. The HOT with HSIL outlines joint efforts to increase market presence through stakeholder engagement and by leveraging each party's network and platforms. It includes cooperation on potential events and workshops, public education on capital markets, and data exchange. Additionally, the two parties will explore the feasibility of developing and promoting financial indices aligned with theirstrategic goals. Commenting on the agreements, QFC Chief Executive Officer Yousuf Mohamed Al Jaida said, 'These partnerships with HKTDC and HSIL mark an important milestone in our efforts to deepen strategic ties with Hong Kong and enhance Qatar's global connectivity. By fostering greater collaboration in trade, investment, and capital markets development, we are creating new pathways for growth and innovation that benefit both economies. We look forward to working closely with our new partners to unlock fresh opportunities for businesses on both sides.' Commenting on the signing, Dr Peter Lam Kin-ngok, chairman of the Hong Kong Trade Development Council, said: 'With closer ties established through the signing of MoUs, I believe there will be plenty of room to collaborate between our delegates and the Qatar Financial Centre community.' His remarks reflect HKTDC's commitment to facilitating deeper economic engagement and creating mutually beneficial opportunities for businesses in both regions.' These agreements underscore QFC's commitment to expanding Qatar's global reach and strengthening its position as a hub for capital markets and international business. They also reflect the shared vision of Qatar and Hong Kong to foster long-term collaboration, paving the way for new investment and business opportunities between the two regions.
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
QFC, LSEG co-host Islamic Finance Forum, launch key industry reports
Tribune News Network Doha The Qatar Financial Centre (QFC), a prominent onshore financial and business hub, and the London Stock Exchange Group (LSEG), a global leader in financial markets infrastructure and data analytics, jointly hosted the QFC Islamic Finance Forum under the theme 'Enabling Transformation.' The high-level forum convened senior industry leaders, financial experts, and policymakers to explore the future of Islamic finance, focusing on innovation and transformation in banking, capital markets, and financial technology (fintech). The event served as a platform for in-depth discussions on strategies to modernise Islamic finance and align it with evolving global financial trends. A key highlight of the forum was the launch of the Qatar Islamic Finance Report 2025: Expanding Horizons, developed in collaboration with LSEG. The comprehensive report examines major developments in Qatar's Islamic finance sector over the past five years, shedding light on market trends, regulatory advancements, and alignment with the Qatar Financial Sector Strategic Plan. According to the report, Islamic finance assets in Qatar reached QR694 billion by the end of 2024, with Islamic banking and Sukuk accounting for 97 percent of the total. Islamic banking assets rose to QR586 billion in 2024, registering a compound annual growth rate (CAGR) of 6.8 percent since 2020, outperforming the growth of conventional banks. Sukuk issuance by Qatari entities more than tripled over the same period, surging from QR9.2 billion in 2020 to QR30.4 billion in 2024. The Takaful sector also witnessed robust expansion, with gross written contributions climbing to $1.9 billion in 2024, and market share nearly doubling from 6 percent in 2020 to 11 percent in 2024. Meanwhile, Islamic FinTech transaction volumes tripled to nearly QR10 billion, with an expected CAGR of 10 percent through 2028. Qatar also achieved global recognition by ranking 8th in the 2024 Global Islamic FinTech (GIFT) Index. In addition to the report, the QFC Sukuk Guide was also launched during the forum. The guide offers a succinct overview of the evolution of Qatar's Sukuk market since 2005, detailing common Sukuk structures and outlining the legal and regulatory framework for issuers under the QFCplatform. QFC CEO Yousuf Mohamed Al Jaida emphasised the importance of the forum in promoting knowledge sharing and policy dialogue in Islamic finance. '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,' he said. The event attracted participants from top financial institutions in Qatar and the broader global financial community, underscoring Qatar's position as a leading hub for Islamic finance innovation.
