Qatar to Play Vital Role in Development of Islamic Finance in Non-Muslim Countries: Experts

Qatar is anticipated to play a vital role in accelerating the development of the Islamic finance industry in non-Muslim countries, according to experts from Carnegie Mellon University in Qatar (CMU-Q). The experts, which included John O’Brien, Senior Associate Dean, Faculty and Outreach; and Fuad Farooqi, Area Head, Business Administration, stated that Qatar was well-positioned to be a ‘positive catalyst’ to promote such opportunities.

Why it matters?

Qatar’s role in developing the Islamic finance industry in non-Muslim countries could lead to attracting cross listings on the Qatar Stock Exchange (QSE), which would further enhance the opportunities for growth of the Islamic banking sector in Qatar. The separat...