Doha: Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has entered into an agreement of collaboration with Hamad Bin Khalifa University’s (HBKU) College of Islamic Studies (CIS) to cooperate in furthering Islamic finance business in the country.
Under the agreement, the QFC will co-host and sponsor the next five editions of the ‘International Conference on Islamic Finance’ (ICIF) from 2023 to 2027 at CIS, reinforcing the synergetic relationship between the two institutions and opening more opportunities to expand their shared goal of promoting a deeper understanding of Islamic finance and the Shari’ah law through a series of programmes and initiatives.Chief Executive Officer, QFC Yousuf Mohamed Al Jaida said: “We are proud to embark on this collaborative effort with HBKU’s College of Islamic Studies, giving both parties the ideal platform for knowledge-sharing and opportunities for thought leadership. Islamic finance, which is increasingly becoming a popular financing activity worldwide, is a key area of focus of the QFC as we work to develop a world-class financial services industry in Qatar.” “Islamic fintech is a particular area of interest, and we see it growing rapidly in the local Islamic finance ecosystem given the country’s comprehensive digitalisation programme and widespread adoption of technology by Islamic finance companies to meet customer demands,” Al Jaida added.
Representing HBKU-CIS, Dr. Syed Nazim Ali, Director of the Center for Islamic Economy and Finance (CIEF), said: “We would like to express our heartfelt gratitude to QFC for its unwavering support, which has been instrumental to ICIF’s success in fostering interdisciplinary collaborations among various stakeholders and contributing to Qatar’s development as a knowledge-based economy.
