QFCRA proposes updates to Islamic banking framework; to be effective from July 1, 2024

The Qatar Financial Centre Regulatory Authority is proposing to update its prudential Islamic banking regime as part of ongoing work programme to implement the IFSB (Islamic Financial Services Board) framework. The QFCRA seeks amendments to its extant Islamic Banking Business Prudential Rules 2015 (IBANK) framework to include the IFSB approach…