Islamic finance offers huge potential for Qatar and Turkey cooperation – The Peninsula Qatar

Islamic finance offers huge potential for Qatar and Turkey cooperation – The Peninsula Qatar

Islamic finance offers huge opportunities for cooperation and growth for Qatar and Turkey, according to a senior official of Finance Office of Presidency of the Republic of Turkey. 

“Islamic finance is a promising sector which offers huge opportunities for cooperation and growth for Qatar and Turkey. Both countries can play a crucial role in promoting Islamic finance,” President of Finance Office of Presidency of the Republic of Turkey Goksel Asan (pictured) told The Peninsula during his visit to the country recently. “We believe that Islamic finance is the future of the financial system,” he added.

He said that Qatar Financial Centre has signed a Memorandum of Understanding (MoU) with its Turkish counterpart. 

“One of the most important items in our MoU is that any financial institution that has permission to operate in QFC will have automatic permission to work in Istanbul Finance Centre. We have an agreement to work together with Islamic fintech area,” he added. 

The official said that they are planning to organise an event in cooperation with QFC in Doha that will focus on fintech companies. The event will give an opportunity to fintech sectors of the both the countries to come closers and exchange ideas.

“Probably in January we will an