Islamic Finance a Promising Sector for Cooperation and Growth for Qatar and Turkey: Senior Official

Islamic finance offers opportunities for cooperation and growth for Qatar and Turkey, with both countries playing a vital role in promoting Islamic finance, according to Goksel Asan, President of Finance Office of Presidency of Turkey, who was speaking to media during a recent visit to Qatar.

Why it Matters?

Asan stated that Islamic finance is the future of the financial system and is a promising sector for growth in both countries. Asan noted that the Qatar Financial Centre (QFC) had signed a Memorandum of Understanding (MoU) with its counterpart in Turkey. The MoU grants automatic permission for any financial institution operating in QFC to work in the Istanbul Finance Centre, with an agreement to work together in the Islamic fintech area. In addit...