Qatar Islamic Bank (QIB) has announced a seasonal offer to reward its customers on summer and back- to-school purchases carried out through the bank’s different type of cards. QIB cardholders will have the opportunity to earn up to 10,000 additional Absher rewards and Qmiles points on their local and international spends.
The campaign will run until August 31, 2020. Customers will get additional reward points or bonus Qmiles for each individual transaction above QR 1,000.
Depending on the value of the transaction"...

Doha: As part of QIB’s ongoing efforts to provide innovative digital solutions to empower its customers, Qatar Islamic Bank (QIB) recently released the latest version of its award-winning QIB Mobile App with the introduction of key new features, as well as a host of performance enhancements.

Developed with its customers’ daily banking requirements in mind, the latest update further empower QIB customers by allowing them to fulfil the"...

QIIB on Wednesday announced that the bank registered net profit of QR512.6 million in the first half of 2020, a growth of 0.4 percent compared to QR510.6 million in the same period of the previous year.
The bank’s total revenue grew 5.7 percent to QR1.212 billion in the first half of 2020 compared to QR1.146 billion in the same period last year.
The bank’s total assets increased 9.5 percent to QR59.3 billion at the end of the first half of the year.
Financing portfolio of QIIB reached QR35 billion"...

Doha: The Philippine Economic Zone Authority (PEZA) will hold its third online Business Continuity Forum on ‘Islamic Finance as Vehicle to Economic Recovery’ on Thursday.

The webinar which will discuss the Shariah governance framework and guidelines on the establishment of Islamic banks and Islamic banking units in the Philippines. The forum will highlight the discussion on Islamic finance as a vehicle to economic recovery.

Doha-based"...

Qatar Islamic Bank (QIB) on Wednesday announced that net profit attributable to the shareholders of the bank amounted to QR1.42 billion in the first six months of 2020 , which is in line with the performance during the same period in 2019.
Total assets of the bank stands at QR165.8 billion, a growth of 1.4 percent compared to December 2019 and 7.2 percent compared to June 2019. The growth in assets was driven by continued growth in the financing and investing activities, the bank said in a statement.
Financing"...

As part of its ongoing efforts to provide innovative digital solutions to empower its customers, Qatar Islamic Bank (QIB) launched a new mobile application ‘QIB Corporate App’ specifically designed to address the financial requirements of its corporate and small and medium enterprise customers.
In recent months, QIB witnessed a surge in the usage of its corporate internet banking platform, with more than 90 percent of local and international corporate transfers performed through internet banking.
With"...

Doha: QIIB announced the launch of its summer offer on credit cards, enabling customers to earn double the points when they make purchases online.

Under the offer, any bank customer with a QIIB credit card, who has subscribed to a 5 percent repayment plan or who subscribes to the plan during the offer period, shall be eligible to earn double points when making any purchase, online.

Through"...

Doha: Qatar International Islamic Bank (QIIB) has announced the launch of a competitive offer in partnership with Qatar Airways’ loyalty programme – Privilege Club — starting today until August 27, 2020.

Customers will benefit from a competitive annual profit rate of 2.13 percent and 10,000 bonus Qmiles by Qatar Airways for every QR100,000 worth of financing taken with the ‘Financing and Liabilities Transfer Offer.’

Doha: Masraf Al Rayan (Al Rayan) and Al Khalij Commercial Bank (Al Khaliji) have announced that they have entered into initial negotiations regarding a potential merger to create a larger and stronger financial institution with a solid financial position and liquidity to support Qatar’s economic growth and to finance development initiatives in line with Qatar Vision 2030.

In a joint statement issued yesterday, the lenders said the proposed"...

The Department of Zakat Fund at the Ministry of Awqaf and Islamic Affairs has started receiving the budgets of companies operating in Qatar for the past fiscal year. It receives annually more than 150 company budgets to calculate their zakat.
Director of Zakat Fund Department Jassem bin Mohamed al Kubaisi said the Zakat Fund is the official zakat institution in the country which includes a group of qualified legal and accounting professionals. This service is provided free of charge to all companies and individuals"...