| 28 Aug 2010 |
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QNB Al Islami and the Ministry of Awqaf offer the first service of its kind allowing customers to complete Zakat and Awqaf payments via the Bank's ATMs.
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The First of its Kind
, in partnership with the Ministry of Awqaf, has launched an innovative payment system "Themar" to help people in Qatar complete Zakat and Awqaf payments using any QNB ATM in Qatar. The service is available to all members of the public and will allow them to complete payments for Zakat services ranging from monthly Zakat payments, payments to the Zakat Fund, student scholarships, the sponsorship of orphans, penance (Kafarat), medical treatment aid and other charitable donations.
Awqaf services available via eazyATM include payments to support education & cultural development, Islamic studies & publications, Mosque care, the Dialysis Unit, as well as the development of scientific, cultural, health, family and child care projects.
The "Themar" service will benefit both QNB and non-QNB customers, providing them with the ability to complete payments via Qatar's largest ATM network, comprising over 160 terminals across the country.
Customers can utilise credit or debit cards from any issuing bank to complete their Zakat or Awqaf payments.
This is an extension of the "Themar" e-payment system launched in February 2010 by QNB Al IslamiQNB Al Islami
and the Ministry of Awqaf, which initially provided fixed-value payment cards to beneficiaries of the Ministry's Sandoq Al-Zakat program. The initiative is part of the Ministry of Awqaf's continuing efforts to provide the citizens and residents of Qatar with enhanced access to its services by utilising modern technology.
In addition to the country's largest ATM network, using the innovative financial services framework provided by QNB Al IslamiQNB Al Islami
, the Ministry will be able to provide seamless payment solutions to people across the country. The use of these electronic systems also allows the Ministry to reduce the back-office work required to support the program, enabling efficiency and electronic accuracy across the transaction cycle.
QNB Al IslamiQNB Al Islami
was one of the first Islamic financial institutions in Qatar to offer electronic banking services to its retail and corporate customers and continues to be a leader in the field, with numerous products and services available to customers via the bank's comprehensive electronic banking platform eazylife. The eazylife suite of services helps customers manage their finances at home, at work or while they are on the move and include eazyATM, eazySMS, eazymobile, eazyphone, eazyinternet, eazycheque and eazystatement.
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About QNB
Qatar National Bank (QNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets.
QNB offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.
QNB has the largest distribution network in Qatar, comprising 44 branches and offices (including 3 mobile branches), in addition to 12 Islamic branches and offices operated by QNB Al IslamiQNB Al Islami
, and more than 160 ATMs. QNB was the first conventional bank in Qatar to offer Shari'a-compliant banking products and services through QNB Al IslamiQNB Al Islami, established in 2005.
QNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris. Currently QNB has presence in 23 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya. An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.
QNB has also extended its regional reach by acquiring shares in various financial institutions including 34.3% stake in the Jordan based, The Housing Bank for Trade and Finance (HBTF), 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-Qatari bank and 20% stake in the Doha-based Al Jazeera Islamic Company. QNB also retains 49% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009.
"QNB Capital" was established in 2008, providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services - including mergers and acquisitions, equity, debt and project advisory - as well as first-class research capabilities.
QNB is among the highest rated regional banks from leading credit rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
For further information, please contact
QNB's Public Relations Department
Tel: (974) 4252477
Fax (974) 4252589
Email: PR@qnb.com.qa
QNB's website www.qnb.com.qa
© Press Release 2010
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