The Qatar Stock Exchange (QSE) and Astana International Exchange (AIX), a new gateway to investing in Kazakhstan and Central Asia, have collaborated to establish further cooperation in mutually beneficial areas.
Both parties have entered into a memorandum of understanding (MoU), which was signed by QSE’s Marketing and Communications Director Mr. Hussein Mohamed al-Abdullah, representing QSE’s Chief Executive Office Mr. Tamim al-Kawari, and Mr. Renat Bekturov, Chief Executive of AIX.
Under the agreement, the two parties will facilitate the exchange of information and knowledge about market activities within the relevant legal and technical framework, as well as joint research and education initiatives.
Commenting on the agreement, Mr. Al–Kawari stated that “Our long-standing relationships with Kazakhstan and the AIX have been further enhanced by the signing of this MoU. We look forward to all that this collaboration can bring to the development of both our markets.”
Mr. Al–Kawari further added that the main objective of the agreement was to maintain the integrity of the capital markets and to make available products and services to domestic and international investors. “This relationship will support that goal,” Mr. Al–Kawari added.
This agreement lays a solid foundation for cooperation between emerging economies, especially in the capital markets.
Through QSE, one of Sukuk’s hubs in the world, AIX seeks to enhance its involvement in the development and promotion of Islamic finance by sharing information and expertise related to its operations.
Meanwhile, Mr. Bekturov remarked that “We are looking forward to contributing to this partnership and forming a joint force in promoting capital market development.”
Mr. Bekturov further added that the MoU would develop a diverse and knowledge-based partnership between AIX and QSE, as well as pave the way for cross-border opportunities for investors from Kazakhstan and Qatar.
AIX listed its first Islamic finance compliant Sukuk issued by QIIB in March 2020 and continues to take a special interest in Shariah-compliant products.
