Islamic Fintech Firms Could Enter First Wave of Qatar Fintech Hub’s Incubator and Accelerator Programmes

Qatar Fintech Hub (QFTH), co-founded by Qatar Development Bank (QDB), is planning to include fintech firms specializing in Islamic finance, the regulatory system and small and medium-sized enterprises (SMEs), under the first round of its fintech Incubator and Accelerator Programmes (IAP), according to a senior official of QFTH.

According to Abdulaziz bin Nasser al-Khalifa, the Chief Executive Officer of QDB, the main focus of the first phase of the IAP will be on payment technology whilst still being open to other areas. The first round of the IAP will concentrate on payments in alignment with the Qatar National Fintech Strategy and in coordination with the Qatar Central Bank (QCB)-Sandbox, as well as upcoming regulation...