The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, joined a gathering of over 1,000 international leaders from government, business and civil society during the World Economic Forum on the Middle East and North Africa in Jordan.

The Forum serves as a platform to collaborate on some of the most pressing challenges facing the region, while generating progress on the regional agenda for inclusive growth, social advancement and sustainable development.

The QFC CEO, Yousuf Mohamed Al-Jaida participated in a panel discussion entitled, 'The Promise of Islamic Finance,' which delved into crucial issues that impact the realisation of the full potential of Islamic finance.

During the panel, discussions focused on the growth of Islamic financial sector, which has now surpassed $1.7 trillion-mark and continues to hit double-digit growth rates, as well as its potential headwinds such as the need for this flourishing sector to establish a central authority to distinguish sharia-compliant products. The panel also explored how global standards could be established through public-private cooperation.