The Qatar Financial Centre signed a memorandum of understanding with AlRayan Bank to improve access to banking and investment services for QFC-licensed firms and their employees, while supporting cooperation on Islamic finance and capital markets. QFC will promote AlRayan as a strategic banking partner and refer newly licensed firms to the bank for corporate account opening. AlRayan will develop customized offerings for QFC firms and their employees, including immediate services for staff arriving in Qatar. The parties will explore integrating their digital platforms to streamline onboarding and account opening, improve data flows and standardize processes. They will also share practices for preventing, detecting and mitigating money laundering, terrorist financing and fraud, with a focus on alignment with international regulatory standards.
2026-09-02Qatar Financial Centre
Qatar Financial Centre signs AlRayan Bank agreement to expand banking access and financial crime cooperation
The Qatar Financial Centre and AlRayan Bank agreed to expand banking and investment access for QFC firms and their employees. The partnership covers customized services, potential digital platform integration and cooperation on financial crime controls, Islamic finance and capital markets.