QInvest LLC was licensed by the Qatar Financial Centre Authority on 30th April 2007 and as a financial institution is authorised and regulated by the Qatar Financial Centre Regulatory Authority (QFCRA). QInvest is committed to creating a governance structure that reflects the highest standards of independence, oversight, accountability and transparency aimed at economic enterprise and corporate performance.

Board and Board Committees

In this regard, QInvest has in place a Board of Directors who support the company’s development. The Board comprises a Chairman, Chief Executive Officer (CEO) and other eminent business leaders from the financial world. The majority of the members of the Board are non-executive directors. This ensures that QInvest operates efficiently and economically, and that the mechanisms of financial control of the Bank are appropriately overseen. In line with international best practice, the Board of Directors may delegate any of its powers to any Committee of the Board consisting of two or more Board members, and may provide the rules to govern proceedings and meetings of such Committees. These Committees are appointed by the Board to facilitate and assist in the execution of the Board’s responsibilities. Where a Committee is formed, specific terms of reference of the Committee have been established to cover matters such as the purpose, composition and functions of the Committee. The main Board Committees include the Audit Committee, the Nomination and Remuneration Committee and the Investment Committee. In addition to the Board Committees, a number of executive level committees have been established to guide and control the operations of the Bank. These Committees include the Executive Management Committee, the Risk Management Committee and the Asset and Liability Committee.

Sharia’a Supervisory Board

As an Islamic Investment Bank, QInvest also has in place a Sharia’a Supervisory Board (SSB) which reviews the Bank’s activities to ensure that all products and investment transactions conducted within and by QInvest comply fully with the rules and principles of Islamic Sharia’a. The Sharia’a Supervisory Board has been established in accordance with QFCRA directives and AAOIFI standards. 

About the Qatar Financial Centre

The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multinational corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC operates to international standards and provides a first class legal and business infrastructure for those doing business within the QFC. The QFC was created by QFC Law No.(7) of Qatar and has been open for business since 1 May 2005.
 

The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centres. Further details are available on the website, www.qfcra.com
 

The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar. More information on the QFC Authority is available at www.qfc.com.qa