World Cup to Drive Islamic Finance Growth in Qatar
July 22, 2022 | Updated at August 29, 2022
Qatar’s Islamic finance institutions are expected to grow in 2022 as the country continues to experience economic expansion prompted by its preparations to host the FIFA World Cup 2022 and its Islamic finance sector is thought to be well-positioned to overcome persistent obstacles, according to Oxford Business Group (OBG).
Why it Matters?
The 2022 FIFA World Cup has been a significant driver of financing and insurance over the past ten years and as it draws closer, many companies and individuals are looking at market prospects. With economic recovery picking up speed despite persistent concern, Qatar's Islamic banks, Takaful providers, Sukuk issuers, and Shariah-compliant asset managers are optimistic about growth and the Islamic finance sector i...