Islamic banking plays key role in Qatar’s diversification drive – The Peninsula

Islamic banking plays key role in Qatar’s diversification drive – The Peninsula

Doha: Banks are exploring new ways of delivering banking services to customers with rise in fintech innovations in Qatar. They are working with fintech solutions and are eager to work to facilitate a better customer journey.

The relationship between Qatar and Turkey has been very strong and Qatar Financial Centre aims to attract financial institutions from Turkey, specifically Islamic and digital banks, said a senior official during an event.

Presidency of the Republic of Türkiye Finance Office and Qatar Financial Centre (QFC) organised a webinar entitled ‘Fintech and Digital Participation Banking: Turkish Solutions and Opportunities in Qatar’. The virtual event shed light on digital banking in Qatar and explored participation banking (which is a name given to Islamic banks mainly in Turkey, as well as in the broader Mena region) ecosystem in Turkey and the developing attributes of providing innovative financial services adopted by participation banks in Turkey and how they are maximising the customer experience with the help of technology.

Murat Ali Çengelci, Vice President of the Republic of Türkiye Finance Office delivered the opening speech. “Today the focus will be placed on the participation banking ecosystem in Turkey and Qatar and the evolutionary path of the digital solutions. Triggered by the