In conformity with Resolution No. (16) issued by Qatar Central Bank stating the supervision rules and executive instructions for financial institutions, all finance companies licensed by Qatar Central Bank should perform finance business conforming to article No.(2) of the above mentioned Resolution, which stipulates the following:

Finance Companies Business

1. The business of these companies is constituted of one or more of the following major activities:

- Grant consumption loans for different categories of customers, whether individuals, institutions or companies.

- Any other activity defined and approved by QCB as included in the finance companies’ activities.

2. Companies are forbidden from performing any of the following activities:

- Receive deposits.

- Perform exchange activities or ones particular to the investment activities, represent banks and foreign financial institutions or any of the banking activities, except what is related to the finance companies mentioned in this article.

3. The activities of the companies should follow traditional or Islamic basis, the way allowed by the Trade Code in the State of Qatar, and approved by QCB.  

Licensed Finance Companies in Qatar

Hereby follows a brief description of the only financial company licensed by Qatar Central Bank and operating in the State of Qatar.

FIRST FINANCE

Phone No.: (+974) 4477200

Fax No.: (+974) 4477300

Website: www.ffc.com.qa

E-mail address: ffc@ffcdoha.com