Regulatory Framework for Digital Banks

Part A - General Provisions

Article 1 - Short Title & Commencement

The instructions set forth herein are titled the "Regulatory Framework for Digital Banks" (also referred to as the "Regulation") and shall enter into force as of 02/12/2024.

Article 2 - Definitions

For the purpose of this Regulation, the following terms are defined as follows, unless the context otherwise suggests:

S.No.	Term	Explanation
1	Consortium	An arrangement between a group of companies to work together for a particular purpose.
2	Customer	A person that deals with a Digital Bank, for the purposes of obtaining services from the Digital Bank.
3	Digital Bank	A bank, licensed by the QCB, that primarily offers banking products and services to individuals or businesses, as per the scope defined in this regulation, through the internet or other electronic channels only.
4	Entity	An organization licensed and regulated by the Qatar Central Bank.
5	Person	Any natural or legal person.
6	QAR	Qatari Riyal.
7	Qatar	The State of Qatar.
8	QCB	The Qatar Central Bank.
9	QCB Law