Qatar Financial Centre partners with AlRayan Bank to drive Islamic finance
Qatar Financial Centre (QFC) has signed a preliminary agreement with AlRayan Bank to strengthen Islamic finance and local capital markets.
The financial centre will promote AlRayan Bank as a strategic banking partner to licensed firms as well as encourage new QFC firms to bank with the Islamic lender. Meanwhile, AlRayan will offer customized banking services to QFC firms and their employees.
The MoU aims to support businesses through access to financial services, deeper collaboration on Islamic finance and capital markets, and knowledge-sharing programmes. It will also establish a framework for cooperation on preventing, detecting and mitigating financial crime risks, including money laundering, terrorist financing and fraud, QFC said in a statement issued Wednesday.
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