This study delves into the crucial question of how well posed the financial sector of Qatar is to contribute to the government’s policy of economic diversification. In order to answer this question, the study focuses on analysing the sub-units that make up the financial sector such as banking, non-banking services and the insurance industry. The objective of that is to reveal the development and the contribution of these sub-units to the economy, as well as to elucidate the changes and constraints that these units face.