Financial services

At a glance

The financial services sector is one of the major contributors to Qatar’s economy, ranked 2nd after the hydro-carbon industry. This reflects the prominence of the sector in shaping Qatar’s economy as one of the world’s most stable, resilient, and competitive economies. With the continuous economic growth, the demand for financial service grows accordingly, supporting the country’s position as a financial hub in the region.
Home to a world-class climate for business and investment, Qatar offers government-backed incentives, including but not restricted to, zero tax on personal income, tax holidays, and Foreign Direct Investment capital incentives.

$14 bn

Sector contribution to GDP

Approximately 7% of the country's GDP in 2018 came from the financial sector

6

Islamic banks in the country

Islamic finance assets were valued at $129 billion as of 2019

What's happening

Qatar FinTech Hub

Qatar FinTech Hub (QFTH) is dedicated to offer Qatar’s first ever specialised incubator and accelerator programmes, which target entrepreneurs with innovative and cutting-edge fintech ideas. QFTH complements the country’s efforts to develop a robust and globally competitive fintech ecosystem, aligned with the priorities of Qatar National Vision 2030 and Qatar’s Second Strategic Plan for the Financial Sector. As a steward of the Invest Qatar brand, the Investment Promotion Agency Qatar (IPA Qatar) partners with international firms to support their long-term success in fintech and other key sectors.

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Qatar Stock Exchange

QSE is the state’s main operator of security and commodity exchange, offering capital raising opportunities to companies and a platform for investors through which they can trade in the Qatari markets.
QSE is the first in the region and one of the pioneering exchanges globally to promote Environmental, Social, and Corporate Governance (ESG) standards.
In 2018, QSE attracted net foreign inflows of $2.5 billion.

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Who is already here?

Ernest & Young

Ernest & Young (EY) is one of the largest professional services networks in the world. As one of the leading four accounting firms, EY primarily provides assurance services, which include financial audit, in addition to tax, consulting, and advisory services.

Located in Doha, EY Qatar was launched as part of the accounting, tax preparation, bookkeeping, and payroll service industry.

UBS

UBS is a global firm providing financial services to private, corporate, and institutional clients, through its large network of offices in over 50 countries. Through its branch in Doha, UBS Qatar provides wealth management services.

Credit Suisse

Credit Suisse Group is a leading financial services company, advising clients in all aspects of finance, across the globe, through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by an integrated global Investment Bank.

HSBC

HSBC is one of the largest banking and financial services institutions in the world, which serves millions of customers through its four Global Businesses.

Aventicum

Aventicum Capital Management (Aventicum) is a multi-boutique, global asset management business. Formed as a joint venture between Credit Suisse and Qatar Investment Authority (QIA), Aventicum provides investors with access to specialist investment boutiques, focused on distinctive investment strategies that seek to create long-term value in a fundamentally changing investment landscape.