Demand for Islamic finance on the rise: Mazaya Qatar CEO
MAZAYA Qatar, the shariah-compliant real estate firm, sees big growth opportunities for Islamic finance and shariah-complaint services globally, a top official of the company has said.
“Over the last few years, demand for Islamic finance and shariah compliant services have grown every where, and Qatar is no exception,” Chief Executive Officer Seraj al Baker told Qatar Tribune on the sidelines of a training course on Islamic finance sponsored by the realty firm, on Sunday.
According to Baker, Qatar provides a perfect example where Islamic financial institutions have grown rapidly over the years, as more and more companies are doing business based on Islamic principles.
“The central bank supervises the Islamic banking, and their decision to divide the conventional and Islamic banking will further promote the growth of the latter,” he added.