QIB opens new branch at Dar Al Salam Mall in Abu Hamour

Qatar Islamic Bank ( QIB ), Qatar’s leading Islamic Bank, has opened a new state-of-the-art branch at Dar Al Salam Mall in Abu Hamour area as part of its expansion strategy to be at the center of thriving new communities in the country.

QIB opens new branch at Dar Al Salam Mall in Abu Hamour

QIB opens new branch at Dar Al Salam Mall in Abu Hamour

The newest branch in QIB ‘s rapidly growing network will welcome customers seven days a week from 9am to 9pm, barring Fridays, when it opens from 4pm to 9pm.

Bringing a diverse range of premium QIB products and services to the doorsteps of customers in the area, customers at QIB ‘s Dar Al Salam Mall branch will be able to open a variety of Bank accounts, apply for a suite of financing, debit and credit cards, discuss a host of Takaful services, and consult on other Islamic banking services with a dedicated team of staff.

To further enrich customers’ banking experience, QIB has also installed a cash deposit machine, allowing customers to make deposits at all times through direct access to accounts.

In keeping with QIB ‘s vision to offer immersive banking experience, the new branch is designed with customer convenience as the singular standout feature. The open-plan layout provides more welcoming space while the use of colors adds to the modern business environment. Most importantly, the branch features latest technology, which, along with the new looks and experience, reflects QIB ‘s identity as a progressive Islamic Bank.

With the addition of Dar Al Salam Mall branch, QIB branch network has increased to 32 Qatar-based locations and more than 175 ATMs across the country. This expansion in physical locations complements on-going investments in electronic channels such as an innovative internet banking system, QIB mobile banking applications, and a 24/7 customer service call center.

” QIB takes pride in supporting customers to succeed financially. Nothing is more exciting than to bring our range of banking services closer to customers to meet their financial expectations. The QIB Dar Al Salam Mall branch has been designed with simplicity and convenience in mind and represents the latest state-of-the-art in banking, allowing our customers to enjoy a seamless banking experience,” said D. Anand.

According to Anand, the Bank has made impressive strides in upgrading its electronic banking channels, adding a host of new features to its internet banking site, introducing a new QIB mobile application that is available for use with all smart phones and operating systems; including iOS, BlackBerry, Android and windows, and increasing the number of ATMs across the country to 175.

The Bank’s commitment to be an institution of excellence has received global recognition with QIB winning a number of awards in 2013. Euromoney, The Banker, Islamic Finance News and World Finance have all recognized QIB as the Best Islamic Bank in Qatar. In addition, QIB was awarded the “Excellence in Banking” from the International Alternative Investment Review, and the Bank was awarded the “Best Sukuk Deal” by the World Finance Magazine.

Qatar Islamic Bank ( QIB ) – Established in 1982, the first Islamic financial institution in Qatar. Since then, QIB has emerged as a force in the local and international markets. Today, the Bank plays a leading role in developing competitive and innovative Shari’a-compliant financial products and services worldwide. Overseen by a Shari’a board, QIB has amassed a paid-up capital of QR2.36 billion and holds 37% of the Islamic banking market in Qatar, and an overall market share of 11% in the banking sector as a whole. This makes QIB the biggest Shari’a-compliant bank in Qatar and one of the top five globally.

Media Contacts
Anwar Al Malki, PR Account Manager,
Snow Communications
Al- Diwan st, Fereej Abdulaziz , 5th Floor, Office 502, P.O. Box 377,
Doha, Qatar
M: (+974) 66536494
[email protected]

Lauren Bolton, Senior Account Executive,
Snow Communications
Al- Diwan st, Fereej Abdulaziz , 5th Floor, Office 502, P.O. Box 377,
Doha, Qatar
M: (+974) 55426405
[email protected]

© Press Release 2013


QIB receives best Islamic bank award

DOHA: Qatar Islamic Bank (QIB) has been recognised as the Best Islamic Bank in Qatar for the year 2010 at the Islamic Finance News awards held recently in Dubai.

The Acting Chief Executive Officer (CEO) of QIB, Ahmad Meshari said: “I believe it reflects our commitment to the customers and stakeholders to position ourselves as one of the leading Islamic Banks, not only amongst the financial institutions to be found in Qatar, but regionally and across the entire world.

“We have been developing Islamic banking in Qatar for over 28 years and this award reflects a strategy focused on offering first rate service at all our branches and affiliates which has been built up over the years under the supervision and guidance of the board of directors led by H E Sheikh Jassim bin Hamad bin Jabr Al Thani,” Meshari said.

The annual Islamic Finance news Best Bank Poll, established in 2006, recognises the best providers of Islamic financial services across a series of markets and sectors as voted by the readers of Islamic Finance news. Islamic finance issuers, investors, non-banking financial intermediaries and government bodies from around the world are invited to participate by casting their votes. A panel of experts from non-competing organisations then sieve through all submissions during the elimination process until just one transaction in each category remains and is thus awarded the winner of that category.



Qatar's QIB may buy Islamic units of conventional banks

Qatar Islamic Bank  (QIB) may snap up the Islamic banking assets of conventional lenders in Qatar, who are facing a central bank order to shut their Islamic operations, a top executive said on Tuesday.

Qatar’s central bank this week told conventional banks to close their Islamic operations by year-end, amid worries of overlap between the two, in a surprise move that lifted shares of Islamic lenders.

The central bank gave no direction on whether banks can apply for separate Islamic banking licenses and analysts have said conventional banks may need to sell their Islamic units.

Ahmed Meshari, QIB’s acting CEO, told reporters the bank is interested in the assets and predicted that some 100,000 customers would migrate to Islamic banks in the Gulf Arab state as a result of the central bank order.

Meshari also said that QIB, the country’s second-largest lender by market value, expects its business to grow 10 percent, buoyed by the new directive.

Analysts project that Qatar National Bank (QNB), with Islamic finance representing 11.6 percent of its total assets, will be the most severely impacted if it is forced to quit Islamic banking.

QIB shares were trading down 1.9 percent on the Doha bourse at 0950 GMT.