QATAR ISLAMIC FINANCE HUB REPORT 2019
Press Release
The Asset under Management (AuM) industry in Qatar is still in a nascent stage but is poised to grow in the coming years as the government is encouraging more investors including foreigners to derive maximum benefit out of this untapped industry with large potential, V L Srinivasan writes.
The Arabian Gulf state faces an oversupply of real estate inventory ahead of the FIFA World Cup 2022 By Kedar B Grandhi - International Finance
Funds Global MENA asked ATAF AHMED, HEAD OF ASSET MANAGEMENT – QINVES, for his assessment of the past year and his predictions for the coming 12 months.
By Satish Kanady I The Peninsula
Driving the growth of FDI inflows to Qatar remains QFC Authority’s most important mandate, and the QFC will continue to focus on this in 2019 and beyond, Yousuf Mohamed Al Jaida, Chief Executive Officer, QFC Authority stated yesterday.
With more than 200 attendees at the campus of The College of Business & Economics at Qatar University
The College of Business & Economics at Qatar University hosted QINVEST, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, as part of its annual Finance and Economics Day, which was organized under the patronage of Dr. Khalid Shams, Dean of The College of Business & Economics.
QINVEST, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, today announced its nine-month results for 2018. Revenues from all business lines amounted to QAR 212.7 million (US$ 58.4 million), resulting in operating profit of QAR 76.4 million (US$ 21.0 million) and net profit attributable to shareholders of QAR 2.1 million (US$ 0.6 million). The group’s global assets stood at QAR 4,418 million (US$ 1,214 million) as of 30 September 2018.
Tamim Hamad Al Kawari (pictured), the CEO of QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, was named ‘Gamechanger of the Year’ in the Middle East and Africa category at the ACQ5 Global Awards 2018. The group also received awards for ‘Asset Management Advisory Firm of the Year’ in the Middle East & Africa and in Qatar, and ‘Sharia-compliant Advisory Firm of the Year’ in Qatar.
The Financial Sector Office (FSO) of the Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, and the Qatar Financial Centre Regulatory Authority (QFCRA) successfully held an Asset Management roundtable to discuss a number of key issues in the financial sector.
QINVEST, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, today announced that it has been named Best Investment Bank in Qatar at the Euromoney Middle East Awards for Excellence.
QINVEST, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, today announced its half yearly results for 2018. Revenues from all business lines amounted to QAR 148.1 million (US$ 40.7 million), resulting in operating profit of QAR 54.9 million (US$ 15.1 million) and net profit attributable to shareholders of QAR 9.1 million (US$ 2.5 million). The group’s global assets stood at QAR 4,465 million (US$ 1,227 million) as of 30 June 2018.
- QINVEST has now recorded US$ 858 million of completed exits across 24 transactions and funds with a weighted realized cash IRR of 15.5%.
- Revenues of QAR 73.1 million and operating profit of QAR 25.4 million
- Strong liquidity position, diversified investment activity and global assets
“We have witnessed increased interest in the investment banking industry from a diverse range of students.” said Pascale Al Sabbagh, Assistant Vice President - Human Resources, QINVEST. “Several visitors to our stand stressed that the growing investor demand for more innovative, income-generating and Sharia’a compliant products has allowed students to venture into job opportunities offered by investment banks” added Al Sabbagh.
Global Finance Magazine, by DARREN STUBING
As Qatar diversifies its economy away from oil revenues, QInvest CEO Tamim Al-Kawari says it sees strong growth potential across a range of industry sectors ranging from healthcare, agriculture and education to industrials.