Qatar needs to develop regulatory framework to cement Islamic finance lead: QFC

Qatar needs to develop regulatory framework to cement Islamic finance lead: QFC:

"Qatar needs to reform interbank liquidity management to study leakages from Islamic banks through interbank finance as part of a strategic roadmap for Shariah finance, according to a Qatar Financial Center (QFC) study. Moreover, there is also a need to develop a regulatory framework and promote green bonds and sukuk to embolden Qatar’s regional leadership in sustainable investment, said Qatar Islamic Finance Report 2017, a joint initiative by the QFC, Thomson Reuters and Islamic Research and Training Institute. In the banking sector, Qatar has led the world in ensuring in the authenticity of Shariah-compliant bank assets with Qatar Central Bank and the QFC Regulatory Authority requirements separating Islamic and conventional banks entirely, it said."



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