Qatar to host Islamic finance conference in November


Yousuf Hussain Kamal, Minister of Finance of the State of Qatar & Chairman of the Qatar Financial Centre Authority will deliver the inaugural Address at the opening ceremony of WIIFC on Nov. 4, and this opening plenary session will also feature Sheikh Abdulla Bin Saud Al-Thani, Governor of the Qatar Central Bank, who will deliver the keynote address.

With project finance transactions reaching record highs and infrastructure development requirements assessed at more than $ 1 trillion over the coming decade in the Middle East region – and Qatar alone expected to consume $ 130 billion – demand from large-scale projects across the LNG, oil & gas, petrochemicals, power and water sectors in particular is growing at an exciting pace.

Combined with the huge boom in major real estate projects, the stage is set for meeting the challenges of financing complex projects.

The market is also seeing an increasing role in Islamically structured transactions and this is having a knock-on effect of spurring more innovative "next-generation" Islamic finance solutions.

The governor will focus on the overall economic growth and the subsequent surge in major project funding in the region. He will also highlight the impact of the increase in the number of Islamic banks to 300, and institutions managing assets worth $ 300 billion.

These banks are naturally interested in funding infrastructure projects, especially after they succeeded in devising financial tools that are Shariah compliant.

The conference which is being held under the theme of "Partnering with Conventional Financial Institutions & Developers to Capture the Boom in Infrastructure Development", will bring new insights into the latest mechanisms for financing complex transactions, such as: Identifying the Next Wave of Mega-Deals, Latest Innovations in the Application of Sukuk & Islamic Capital Markets & Project Finance: The Next Generation of Islamic Finance Solutions.

QNB Al Islami will be a Strategic Partner of the World Islamic Infrastructure Finance Conference for the 2nd year.

Musadag Al Melik, General Manager, QNB Al Islami is to deliver the opening presentation for Session 1, on the 4th of November, focusing on the Next Wave of Opportunities and Sources of Finance for Large-Scale Infrastructure Projects. QNB Al Islami will also host the Shari’ah Open Forum which is a panel of Shari’ah experts addressing compliance issues in the context of Islamic infrastructure finance. QNB Al Islami is focused on creating innovative, specialised products that enable its clients to meet their financial needs, through Shari’ah-compliant solutions.


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