17-456: QCB may refer to: Qatar Central Bank , the central bank of Qatar QCB , a radio operating signal noting particular causes of delayed responses Qualifying corporate bond, a kind of loan note Quantitative & Computational Biology , often conjoined as an academic discipline Queen's Commendation for Bravery , UK military and civilian awards granted for bravery Queen Charlotte Basin ,
34-589: A body/ chassis switching system originally developed by Econ Engineering Quidditch Club Boston, a US Quidditch team that won the 2016 US Quidditch Cup Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title QCB . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=QCB&oldid=1225207805 " Category : Disambiguation pages Hidden categories: Short description
51-638: A stable currency for the country, most recently and notably with the Monetary Authority of Singapore . The Qatar Central Bank was originally until 1993 known as the Qatar Monetary Agency (and was known before that as Qatar Dubai Currency Board), founded on May 13, 1973, after Dubai joined the United Arab Emirates and disengaged itself from British monetary policy which the area had previously followed. The Qatar Monetary Agency assumed
68-517: A structural basin mostly beneath the continental shelf off of Western Canada Queensland Country Bank Stadium , a multi-purpose stadium in South Townsville, Queensland, Australia Queer Campus Bangalore , a support group and safe space for queer youth in Bangalore, India Quick change barrel , a style of modular firearm systems allowing rapid caliber or barrel replacement Quick change body,
85-505: Is also permissible to create investment Funds that handle the investment in real estates and development projects domestically and abroad. The foundation of the Fund that undertakes investments in real estates, funds and stocks abroad is implemented by virtue of an authorization from the bank. The foundation of the Fund that undertakes investments in the shares of the Qatari joint-stock companies and in
102-541: Is different from Wikidata All article disambiguation pages All disambiguation pages Qatar Central Bank The Qatar Central Bank ( Arabic : مصرف قطر المركزي ) is the central bank of Qatar . Originally known as the Qatar Monetary Agency it was founded in 1973. Over its history the Qatar Central Bank has increasingly worked in association with other, larger central banks to achieve
119-408: The Fund. The Investment Trustee : The bank undertaking the trusteeship of investment of the Fund assets. The Investment Units : The shares constituting the capital of the Fund. It is permissible to create Funds to invest and develop financial securities and instruments and funds pursuant to the provisions of this law, the executory rules thereof and the instructions issued by the bank. It
136-410: The applying the provisions of this law, the following words and expressions shall carry the meanings expressed next to each, unless the context requires otherwise: The Ministry : Ministry of Economy and Commerce. The Minister : Minister of Economy and Commerce. The Bank : Qatar Central Bank. The Market : Doha Stock Market. The Fund : A monetary investment entity acquiring
153-474: The bank according to the prevailing laws and regulations. After its foundation, the Funds shall be registered in the commercial register at the ministry in a peculiar Funds Register. The founder may create more than one Fund. Every Fund shall have a legal personality and a financial estate independent from the founder. The Fund's assets may not be distrained unless in terms of fulfillment of the obligations arising from
170-431: The board of directors or an executive director of the founder. The appointment of the Fund manager shall be subject to the approval of the bank, while it shall be performed through coordination with the market in case of the Funds that undergo registration of their investment units for circulation in the market. Funds floating their investment units for circulation shall be subject to the laws, rules and decisions regulating
187-684: The duties of a central bank. In 1973, Amiri Decree No. 24 authorized the issuance of the Qatari Riyal (QR). Article no. 5 of the Law of the Qatar Central Bank and the Regulation of financial Institutions issued by Law no. 13 of 2012 states the central bank's objectives for Qatar's economic policy: In addition, the Qatar Central Bank serves the primary roles of many central banks. These roles are stated in Article no. 6, 7, and 8 of Law no. 13 and include (among others)
SECTION 10
#1733084592722204-680: The following duties: The Board of Directors of the Qatar Central Bank is composed of five members. The Governor and Chairman of the Board of Directors is Bandar bin Mohamed bin Saud al-Thani. On August 5, 1993, Amiri Decree No.15 was issued, establishing Qatar Central Bank (QCB) as the monetary authority in the State of Qatar. QCB is mandated to formulate monetary and banking and credit policies so as to achieve certain financial and economic objectives—QCB Objectives. In
221-458: The investment activities in the assets of the Fund. Every Fund capital unit shall have a nominal value in Qatari Riyals or in any other currency. In all cases, the nominal value of the unit shall be paid off all at once or according to the requirement of the Fund's basic law. The Funds wishing to register its investment units in the stock market have to obtain the approval of the stock market and
238-405: The investment of its assets. The founder may appoint a Fund's investment trustee according to the instructions adopted by the bank. The investment trustee may not be owner of any of the Fund's units. Every Fund shall have a director who represents the Fund before the judicial authorities and in its Relation with others, and has the right to sign for the Fund. The Fund director may not be a member of
255-420: The legal personality and founded pursuant to the provisions of the law. The bank : Any of the operating banks in the State. The Investment Company 1 Any financial company authorized by the bank to perform investment works. The Founder : The bank or the investment company authorized to found investment Funds. The Fund Manager : The natural or artificial person appointed by the founder to manage
272-503: The market. In all cases, the accounts and activities of the Funds shall be subject to the surveillance and supervision of the bank and to the bank's instructions. Investment units are floated for public or private underwriting. Non-Qatari artificial and natural persons may participate in the Funds, while the minister shall determine, by counseling with the Minister of Finance and the Governor of
289-443: The shares enrolled in the stock-market, real estates, and projects within the state of Qatar is implemented by virtue of an authorization issued by the bank, further to the approval of the minister. The capital of the Fund shall be divided into equal investment units and the liability of the owners of these units shall be limited proportionally to their shares in the capital, and the owners of these units are not allowed to take part in
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