Islamic Financial Services
From The Report: Qatar 2025
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With recent years seeing strong growth in its banking, takaful (Islamic insurance) and sukuk (Islamic bonds) subsegments, Qatar’s Islamic finance sector is both a regional leader and a centre for international investors. Advances in financial technology and the digitalisation of Islamic finance services are helping Qatar’s sharia-compliant finance sector secure a larger market share both at home and abroad, cut costs across the value chain and boost revenue. A strong regulatory framework has also underpinned this success, with Qatari authorities committed to furthering Islamic finance’s growth and development through a series of targeted sector master plans.

This chapter contains interviews with Bassel Gamal, Group CEO, Qatar Islamic Bank; and Fahad Al Khalifa, Group CEO, Masraf Al Rayan.

Articles from this Chapter

Overview

Global potential: Sustainability and a focus on governance gain momentum while driving future investment opportunities
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With recent years seeing strong growth in its banking, takaful (Islamic insurance) and sukuk (Islamic bonds) subsegments, Qatar’s Islamic finance sector is both a regional leader and a centre for international investors. Advances in financial technology (fintech) and the digitalisation of Islamic finance services are helping Qatar’s sharia-compliant finance sector secure a larger market share both at home and abroad, cut costs across the value chain and boost revenue. A strong regulatory framework has also underpinned this success, with Qatari authorities committed to furthering Islamic finance’s growth and development through a series of…

Interview

Strengthening sustainability: Bassel Gamal, Group CEO, Qatar Islamic Bank, on the role of the sector in advancing corporate awareness of a sustainable development agenda
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Interview: Bassel Gamal, Group CEO, Qatar Islamic Bank, on the role of the sector in advancing corporate awareness of a sustainable development agenda How is the growth of Islamic banking in Qatar influenced by the increasing demand for sharia-compliant services and digital transformation? BASSEL GAMAL: Islamic banking has seen significant domestic growth, an evolution reflecting both alignment with sharia principles and the sector’s modernisation efforts in line with Qatar National Vision 2030.…

Analysis

Going green: Climate goals fuel demand for sustainable debt tools
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Qatar’s financial development plans increasingly highlight the importance of innovation when it comes to deepening and widening the market. As part of this approach, the country is looking at new debt capital market instruments: green bonds and sukuk (Islamic bonds). Global demand for these products is growing, as corporations and governments look for effective ways to achieve their sustainable finance goals. Government-backed initiatives and regulatory frameworks are expected to drive further adoption. This trend holds in conventional and Islamic spaces, with Qatar’s Islamic financial sector being positioned as a leader in sharia-compliant…