The Department of Zakat Fund at the Ministry of Awqaf and Islamic Affairs has started receiving the budgets of companies operating in Qatar for the past fiscal year. It receives annually more than 150 company budgets to calculate their zakat.
Director of Zakat Fund Department Jassem bin Mohamed al Kubaisi said the Zakat Fund is the official zakat institution in the country which includes a group of qualified legal and accounting professionals. This service is provided free of charge to all companies and individuals"...

Masraf Al Rayan has launched “Investor Relations” application that aims to provide convenience and update the immediate price and daily performance of the bank’s share and information related to investors, on smart phones and tablets running on the iOS and Android operating systems, the bank announced in a statement on Monday.
The bank said the application offers, in addition to providing investors with the latest data for the stock price, news and disclosures, in addition to alerts for the most important"...

Qatar International Islamic Bank (QIIB) is unlikely to issue any sukuk this year as the bank enjoys strong liquidity and a high capital adequacy ratio, its CEO Abdulbasit Ahmed al Shaibei said on Monday.
Talking on the sidelines of QIIB’s ordinary general assembly meeting held in Doha, Shaibei said the bank wouldn’t go to the market with a sukuk “even if the market is very attractive and the rates are low”.
In 2019, the bank made two successful sukuk issuances with competitive pricing."...

Qatar International Islamic Bank (QIIB) has launched the SWIFT gpi payment system, which is one of the latest global systems in the field, thus becoming the first Islamic bank in Qatar to use this system, the bank announced in a statement on Sunday.
The new system provides high-tech features and the possibility to track internal and external payments in real time until their completion.
The Swift gpi system also provides transparency and speed allowing customers to know the foreign currency exchange rates and"...

Doha: QIIB has announced the launch of its new ‘QIIB Points Portal’. The QIIB Points Portal was developed as part of QIIB’s strategic partnership with Mastercard and delivers an extensive range of benefits to its customers through the renowned Mastercard Rewards System.

The move enables QIIB to pursue stronger and more seamless engagement with its customers through the platform and offer more value through the QIIB Points Portal."...

Doha: The 6th Doha Islamic Finance Conference concluded Tuesday with a call for a strong coordination between various Islamic finance entities, universities and scientific research centers for establishing a dedicated professional centre to foresee the future of Islamic finance sector and its potential risks.

The conference called up on the Islamic countries to establish Islamic capital markets, common for metals, commodities and financial papers,"...

The Board of Directors of Damaan Islamic Insurance Company (Beema) has recommended for dividends distribution to shareholders at 10 percent of the nominal value of the share for the financial year ended December 31, 2019.

This was announced at the Company’s Annual General Meeting held yesterday which was presided over by Beema Chairman Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani.

Beema"...

Qatar’s Islamic finance sector is one of the strongest in the world alongside Malaysia, Kuwait, Turkey, Indonesia and Pakistan, Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari said on Tuesday.
Addressing the 6th Doha Islamic Finance Conference in Doha, Kuwari said that the Islamic finance sector in Qatar is currently witnessing an unprecedented prosperity that is evident from the fact that Islamic finance assets in the country grew at the compound annual growth rate (CAGR) of 8 percent since 2015"...

The Department of Zakat Fund at the Ministry of Awqaf and Islamic Affairs has started receiving the budgets of companies operating in Qatar for the past fiscal year, with the aim of calculating the Zakat base for these companies and determining the Zakat shares for the shareholding companies.
The head of the Zakat Services Division of the Zakat Fund Mohamed Jaber Al Baridi, said that the service of calculating the Zakat required by companies is executed by specialized employees in this field.
He pointed out that"...