QSE inks co-operation pact with AIX

The Qatar Stock Exchange (QSE) and Astana International Exchange (AIX) have entered into a memorandum of understanding (MoU) and agreed to establish co-operation in mutually beneficial areas.The MoU was signed by QSE’s Marketing and Communications Director Hussein Mohamed al-Abdullah, representing QSE’s chief executive Tamim al-Kawari, and Renat Bekturov, chief executive of AIX.Under the agreement, both the parties will facilitate information and knowledge exchange regarding market operations within the respective legal and technical framework, joint research and educational initiative."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," said al-Kawari.He said the aim has been to maintain the integrity of the capital markets and provide the products and services available to investors, both domestic and international." "This relationship will support that aim," he added.The agreement lays a solid foundation for the co-operation between emerging economies, particularly in capital markets.Through QSE, one of the hubs for sukuk in the world, AIX seeks to bolster its involvement in developing and promoting Islamic finance through sharing information and expertise pertaining to its activities."We are looking forward to contributing to this partnership and forming a joint force in promoting capital market development," said Bekturov.The following MoU not only opens a new chapter towards developing diversified and knowledge-driven collaboration between AIX and QSE, but also paves the way for cross-border opportunities for investors from Kazakhstan and Qatar, according to him.AIX listed its first Islamic finance compliant sukuk issued by QIIB in March 2020 and continues to express a particular interest in Shariah-compliant products.