QFC Aims to Help Position Doha as the Islamic Finance Capital of the Region
The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, participated for the first time as a key sponsor in the 19th edition of the Doha Forum, the region's leading policy forum, which was held under the patronage of His Highness the Amir of Qatar, Sheikh Tamim bin Hamad Al Thani.
In addition to participating as a key sponsor of this year's edition, the QFC hosted a dynamic and engaging panel entitled 'Islamic Finance: Trends and Opportunities', where Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC and Islamic finance experts discussed the latest challenges and opportunities across Islamic financing methods. The panel session featured Dr. Bello Lawal Danbatta, Secretary-General, Islamic Financial Services Board; Prof. Dr. Mohamad Akram Laldin, Executive Director, International Shari'ah Research Academy for Islamic Finance (ISRA); and Dr. Mohamed Damak, Senior Director, Global Head of Islamic Finance, S&P Global Ratings and was moderated by George Hay, Associate Editor of Reuters' Breakingviews.
Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority
Al-Jaida added: "In addition, the QFC's panel at the Doha Forum saw fruitful and enriching discussions related to the Islamic Finance field, which is particularly important to us as we believe that Islamic Finance is a key focus area poised for growth in 2020 and beyond. The panel also offered an excellent platform to discuss the latest insights in our recently-launched 2019 Qatar Islamic Finance Hub report and more specifically the ways in which Qatar has the necessary foundation to take its Islamic Finance industry to the next level, with the industry's total assets having grown by a CAGR of 8% since 2015 to US$ 129 billion in H1 2019."
The QFC's 2019 Qatar Islamic Finance Hub report, entitled 'Unlocking Cross-Border Opportunities', comes as part of a series of research the QFC publishes on trending topics in the financial sector.