Stock Exchanges of Nairobi and Qatar to Cooperate on Islamic Finance

The Kenyan capital markets regulatory authority and the Nairobi Securities Exchange today visited the Qatar Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (QSE) and signed a memorandum of understanding (MOU) for cooperation between the two exchanges.

Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, said: "I am delighted to see this MOU signed between the two exchanges, hoping that it will help enhance the economic cooperation between the two countries. The MOU signals the willingness of the two countries to cooperate and develop this relation further. The signing ceremony today is just a beginning of further cooperation between the two exchanges. I look forward to a long and mutually beneficial relationship between QSE and Nairobi Securities Exchange”.

The two sides will share information and technical assistance in respect of processes and procedures relating to listing, trading, depository operations, clearing and settlement.

Mr. Samuel Kimani, Chairman of the Nairobi Stock Exchange, said that his is a young exchange looking for further development and cooperation opportunities, and the MoU with QSE will open a door for fruitful cooperation opportunities, especially in light of Qatar’s potential in terms of exchange products, Islamic finance and other areas of interests.

“We are here in a joint visit to meet with the QSE to better understand the regulatory and market environment in Qatar and create opportunities for issuance of products and cross listings, as well as exploring the scopes of cooperation in light of the strong relations between Kenya and Qatar,” Paul Murithi Muthaura, CEO of the Kenyan Capital Markets Authority, stated.