Panelists at the Ministerial Session of COMCEC.
The Qatar Financial Centre (QFC) Authority participated in the 32nd Ministerial Session of the Committee of Social and Economic Cooperation (COMCEC) under the Chairmanship of Recep Tayyip Erdo?an, President of Turkey and Chairman of the COMCEC.
CEO Yousuf Mohamed Al Jaida, represented the QFC Authority’s during a special session entitled “Governors Perspective on Designing National Strategies to Develop Islamic Finance.” The session elaborated on the role of National Islamic Finance strategies in boosting the Islamic Finance industry through discussing legal, infrastructure, regulatory and supervisory framework. It also addressed compliance with Islamic law and other government related components of a possible national Islamic finance strategy.
Commenting on the QFC’s participation in the special session, Yousuf Mohamed Al Jaida stated: “This was a very interesting session, particularly as it was at the international stakeholder level. We always welcome dialogue on Islamic Finance. Qatar was one of the first countries in the world to identify the significance of Islamic banking. Indeed, at the QFC, firms can take advantage of an Islamic Finance-friendly tax system that enables them to carry out Sukuk transactions without excessive tax.”
The event saw participation from ministers and delegations from the Islamic finance world, representatives of international organisations, NGOs, think-tanks, private sector organisations and academia from around the globe.
