September 2, 2026, Doha – Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business center, signed a Memorandum of Understanding (MoU) with AlRayan Bank (Q.P.S.C), one of Qatar's leading Islamic banks, to enhance banking access for QFC firms and collaborate on strengthening Islamic finance and capital markets in Qatar.

Under the MoU, QFC will promote AlRayan as a strategic banking partner to firms licensed on its platform and refer new QFC firms to AlRayan to open corporate bank accounts. AlRayan will design a customized banking offering for QFC firms and their employees, including immediate banking services for staff new to Qatar. Both parties will also explore integrating their digital platforms to enable a more seamless account opening process for QFC-registered entities.

The MoU also establishes a framework for cooperation on preventing, detecting and mitigating financial crime risks, including money laundering, terrorist financing and fraud. Both parties will exchange best practices and strengthen alignment with international regulatory standards.

The partnership further encompasses collaboration to ensure seamless data flow, standardized processes and enhanced operational efficiency between the two entities, particularly in relation to QFC client onboarding. Through this collaboration, both parties will work to enhance access to relevant banking and investment solutions offered by AlRayan Bank and its subsidiary, AlRayan Investment, while providing customized banking offers and special benefits for QFC-licensed firms and their employees.

Commenting on the MoU, Mr. Mansoor Rashid Al-Khater, Chief Executive Officer, QFC, said, “This partnership reflects our commitment to enhancing the business environment for the QFC firms by expanding access to banking solutions and financial services, while fostering innovation across Islamic finance and capital markets. By working closely with AlRayan Bank, we are enhancing the value we provide to businesses and supporting the continued development of Qatar’s financial ecosystem.”

Mr. Fahad Bin Abdulla Al Khalifa, Group Chief Executive Officer at AlRayan Bank said: “Our collaboration with Qatar Financial Centre reinforces AlRayan Bank’s commitment to delivering seamless, digitally enabled banking for businesses in Qatar. By exploring the integration of our digital platforms, we aim to simplify account opening for QFC-registered entities, improve efficiency, and provide faster access to our banking services, subject to applicable regulatory requirements and approvals. This initiative reflects our shared commitment to supporting Qatar’s business ecosystem through innovation, collaboration, and customer-centric solutions.”

Both QFC and AlRayan play a key role in supporting business development and growth in Qatar. This MoU advances their efforts to deliver more effective support to businesses through enhanced access to financial services, deeper collaboration on Islamic finance and capital markets, and knowledge-sharing programmes.