Qatar streamlines financial rules, targets Islamic banking
The Qatar Financial Centre (QFC) Regulatory Authority has introduced a new set of Islamic
banking regulations and a revised set of its Conduct of Business rules to boost the Gulf nation’s appeal to financial businesses and investors.
The new rules come into force on 1 January 2016.
“The changes to our Islamic finance and conduct rules provide a solid platform for future growth of financial services in the QFC,” said Michael Ryan, chief executive of the QFC Regulatory Authority.