The Qatar Central Bank (QCB) is now accepting applications to license and regulate loan-based crowdfunding service providers, aligning with Qatar's financial sector strategy and fintech development. The bank is dedicated to nurturing financial sector growth and fostering fintech innovation. Approval for licenses will be ongoing until February 3, 2024.

Loan-based crowdfunding services enable borrowers, especially small and medium enterprises without access to traditional financial services, to connect with various investors for short-term funding. This helps them overcome obstacles in expanding their projects and securing necessary funds for development.

This service offers a significant opportunity for investors to diversify their investments and support small and medium enterprises.