Qatar looks to spread Islamic banking in China

10 March 2015

Agreements signed with South Korea and China

Qatar’s Central Bank governor says the bank is establishing closer relations with China and South Korea in order to encourage currency exchange between the countries and the emirate.

A memorandum of understanding (MoU) signed between the countries will come into effect in April, when a centre is launched to handle currency exchange.  

Sheikh Abdulla bin Saoud al-Thani told delegates today at MEED’s Qatar Projects conference in Doha on 10 March, that Qatar also wants to “upgrade the relationship” and encourage the establishment of Islamic banks in China.

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices


A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications