The world’s first Islamic Electronic Exchange Platform for digital e-token I-Dinar, which is backed by gold, was launched yesterday on the sidelines of the opening day of the 5th Doha Islamic Finance Conference.

The I-Dinar Platform is a blockchain based e-token, in which its initial value of 1-Dinar e-token is backed by the value of 1 gram of gold.

The digital I-Dinar"...

Doha
Le Mirage Real Estate has been named as the ‘Best Real Estate Development Company 2018 – Qatar’ by the 2018 MEA Business Awards, reaffirming its position as leading developer of distinctive and cutting edge properties, the company announced in a statement on Tuesday.
“The MEA Business Awards highlight the truly top performing businesses, individuals and departments in today’s market, and our expert teams have worked tirelessly throughout the process to ensure that only the most"...

Islamic finance can play big role in confronting social and economic challenges such as growing inequality, poverty reduction, and the empowerment of marginalised people in the world, said Anwar Ibrahim (pictured), the former Deputy Prime Minister and Finance Minister of Malaysia, in his keynote address at the 5th edition of Doha Islamic Finance Conference, yesterday.

Ibrahim, the de facto co-leader with Prime Minister Mahathir Mohamad in the Government"...

Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari has said Qatar is the fifth largest Islamic finance market with bank assets of around $120 billion at a growth rate of over 10 percent.
He said this during a speech at the opening of the fifth Doha Islamic Finance Conference. He said as one of the fastest growing sectors in the country, the Islamic finance industry has witnessed remarkable international and domestic growth. Today, Islamic banking assets account for more than 26 percent of Qatar’s banking"...

KidzMondo Doha, an international edutainment provider for children, held a ceremony to honour QIIB (International Islamic) in the presence of Moutaz Al Khayyat, Group Chairman, Power International Holding; and Ali Kazma, Chairman, Kidz Holding.

QIIB Chief Executive Officer Dr Abdulbasit Ahmad Al Shaibei received the honourary shield from Al Khayat, during the ceremony which was also attended by a number of senior officials of QIIB.

The"...

A “meticulously chosen” line- up of central bankers, scholars and experts from more than 22 countries in East Asia, Africa and Europe will converge in Qatar on March 19 to participate in the fifth Doha Islamic Finance Conference.
They will share their expertise and insights on a broad range of topics from sharia law in Islamic banking to growth prospects of Islamic financial institutions under the theme, “Islamic finance and the digital world”.
Being organised under the patronage of Prime"...

Qatar International Islamic Bank (QIIB) will continue to focus on the local market given the significant opportunities provided by the Qatari economy, the top executive of the bank said on Sunday.
Talking to Qatar Tribune on the sidelines of the bank’s ordinary general assembly meeting in Doha, QIIB Chief Executive Officer Abdulbasit Ahmad al Shaibei said, “The bank will implement plans to reengineer its branches and focus on increasing its presence in large commercial centres to provide integrated banking"...

DOHA: London Stock Exchange listed QIIB’s $500m sukuk in the presence of QIIB Chairman and Managing Director, Sheikh Dr Khalid bin Thani Al Thani; Chief Executive Officer, Dr Abdulbasit Ahmad Al Shaibei; Qatar’s Ambassador to the UK, Yousef bin Ali Alal-Khater; UK’s Ambassador to Qatar, Ajay Sharma; and Her Majesty’s Trade Commissioner (HTMC)Simon Penney.

Sheikh Mohammed bin Ali Al Thani, Chief of Treasury and Investment;"...

Doha
Qatar Chamber on Tuesday said it would host the Halal Conference and Expo next year. The expo aims to showcase halal products and mechanisms of certifying these products as well as promoting the halal trade worldwide.
This was decided during summit of the Islamic Chamber of Commerce, Industry and Agriculture held in Cairo on March 4.
QC’s board member Dr Mohamed Gohar al Mohamed and the Chamber’s Director General Saleh bin Hamad al Sharqi attended the summit, which included the 28th board"...

Damaan Islamic Insurance Company (Beema) reported solid financial results for the full year 2018. The Company’s total amount of contributions reached QR332m, as the surplus insurance operations reached QR20m. The shareholders portfolio posted a net profit of QR42m.

Beema has succeeded in achieving the results that reflect the outstanding performance, despite the difficult economic situation and the competition between insurance companies operating"...