QCB: Second Phase Of Primary Dealer Framework Marks New Milestone

2025-09-26 05:11:01

(MENAFN- The Peninsula) The Peninsula

Doha: Qatar Central Bank (QCB) has achieved a significant milestone following the successful launch of the second phase of the Primary Dealer Framework.

This was accomplished through the development of an advanced infrastructure for trading outside the stock market, significantly enhancing efficiency and transparency in the secondary market under the supervision and oversight of QCB.

Qatar Central Bank noted as part of its ongoing commitment to developing the local debt market and promoting Islamic finance instruments, QCB introduced Ijarah sukuk as an alternative to Murabaha sukuk. This initiative aligns with international standards and enables these instruments to be traded.

Ijarah sukuk have witnessed widespread demand from both Islamic and Non-Islamic banks, and have been traded alongside conventional bonds, reflecting growing confidence in Islamic financial instruments and the effectiveness of the new regulatory framework.

Since the launch of this phase, the secondary market has recorded approximately 29 deals, with a total value exceeding QR2.8bn to date. Furthermore, about 16 percent of the Primary Dealers' share was redistributed to investors on the first day of issuance.

This activity marks one of the strongest trading performances in the Qatari secondary market, demonstrating strong investor confidence and high demand for Qatari riyal-denominated financial instruments.

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