Developing Islamic Fintech, A Key Component of Qatar’s Fintech Industry Strategy

Having recognised the Fintech industry as a core component of Qatar’s knowledge-based economy objective, Qatar Central Bank (QCB) has set up the National Fintech Strategy, and has also teamed up with Qatar Development Bank and Qatar Financial Centre to introduce the Qatar FinTech Hub (QFTH). Supporting these initiatives, Islamic fintech is anticipated to play a key role in the sector’s growth. Data from the Global Islamic Fintech Report 2021 estimate Qatar’s Islamic Fintech market size at USD 2 billion by 2025, projected to grow at a Compound Annual Growth Rate (CAGR) of 19.6%.

Why it Matters?

Dr Dalal Aassouli, Assistant Professor and Program Coordinator of the Master of Science Program in Islamic Finance at College of Islamic Stud...