KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has collaborated with Qatar Financial Centre Authority (QFCA) and Qatar Stock Exchange (QSE) to outline a comprehensive framework for cooperation.
QFCA is the tax arm of the Qatar Financial Centre (QFC), a leading onshore financial and business hub in the Middle East.
The cooperation is targeted towards various initiatives aimed to elevate the financial landscape locally and regionally with an emphasis on bonds and sukuk and its ancillaries.
Activities under the partnership will consist of joint organisation of knowledge sharing events, developing essential market infrastructure as well as enhancing necessary capabilities to bolster the business and financial community in Qatar.
The partnership targets to explore opportunities to establish best practices in sustainability and the debt capital market.
" As responsible stewards of the financial industry, the trio recognises the significance of integrating sustainability into the practices.
"This will not only benefit the business and financial community but also contribute to the broader global effort towards a sustainable future," MARC said today.
MARC group chief executive officer Datuk Jamaludin Nasir said the collaboration with the QFCA and QSE marked another milestone in MARC's journey.
"Together with the QFCA and QSE, we look forward to driving excellence in the bond and sukuk markets, promoting sustainability, and advancing the financial ecosystem in Qatar and beyond.
"This collaboration reflects our dedication to utilising MARC's capability and experience in contributing to the growth and development of the financial markets in Qatar and the region," he said.
QFC chief executive officer Yousuf Mohamed Al-Jaida said the partnership highlights the company's shared mission to strengthen financial infrastructures, stimulate market growth, and explore new avenues for mutual development.
