QFC Signs MoU with the Institute of Chartered Accountants of India

4 Jul 2021

Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of India (ICAI) to create more opportunities for accountants, promote entrepreneurship, and facilitate the setup of Indian firms in Qatar through collaborative initiatives.

The MoU was recently signed by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, and CA Nihar N. Jambusaria, President, ICAI. The agreement will pave the way for closer collaboration between QFC and ICAI on mutually beneficial initiatives, including increasing opportunities for ICAI members in the areas of assurance and auditing, advisory, taxation, financial services, and other allied areas. Through this partnership, both organisations will extend support to Indian businesses looking to setup in Qatar and explore the available opportunities through joint roundtables, networking events, and other exchange programmes.

This agreement will further enhance the state of Qatar’s financial services sectors in years to come.

Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority

The signing of this MoU has opened many windows of opportunities for Indian Chartered Accountants and would in turn be an impetus for the growth of economies at both ends.

CA Nihar N. Jambusaria, President, ICAI

India and Qatar share cordial relations and the important contribution that the Indian community is making in Qatar has strengthened the deep-rooted friendship of the two countries.

Dr. Deepak Mittal, His Excellency Ambassador of India to the State of Qatar

Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC

"The signing of the agreement with one of India’s most respected institutions marks yet another important step in our efforts to strengthen human capital and promote entrepreneurship in Qatar. Through this partnership, both QFC and ICAI will work toward enabling entrepreneurs, investors, and innovators from India to use our platform and set up their ventures in Qatar to become part of Qatar’s robust market. Supported by Qatar’s dynamic business ecosystem and our strategic location, this agreement will further enhance the state of Qatar’s financial services sectors in years to come.”

CA Nihar N. Jambusaria, President, ICAI

“This is a stride forward to work closely with each other drawing synergies from the professional expertise available at either end especially in areas of auditing, assurance, financial services, taxation, and alike. Signing of this MoU between ICAI and QFC has opened many windows of opportunities for Indian Chartered Accountants and would in turn be an impetus for the growth of economies at both the ends.” He also mentioned that ICAI Doha Chapter, the oldest Chapter established in 1981, is instrumental in finalising the MoU and is registered under QFC. He further added that the Chapter is affiliated with the Indian Business & Professional Council under the aegis of the Indian Embassy in Qatar.

Dr. Deepak Mittal, His Excellency Ambassador of India to the State of Qatar

“India and Qatar share cordial relations and the important contribution that the Indian community is making in Qatar has strengthened the deep-rooted friendship of the two countries. It is a very welcome step that the two organisations have come together for the benefit of the accountancy fraternity at either end.” He also ensured his full support and cooperation in various endeavours of ICAI in Qatar.

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