Apr 11 2010
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QIB Launches PrePaid VISA Card
Doha, Qatar - April 11, 2010 - QIB , Qatar's first and largest Islamic bank, has announced the introduction of the QIB Hadiyati VISA Prepaid card as the newest product in its line of innovative banking solutions. QIB is the first Islamic financial institution to offer the Prepaid card which is both Sharia'-compliant and issued according to the high standards of VISA cards worldwide. The cards are currently available for purchase.
The QIB Hadiyati Prepaid VISA card is available in six value categories ranging from QR 100 to QR 5,000, and allows the card holder ease of use through Point of Sale (POS) anywhere VISA is accepted around the world. VISA is the most widely-recognized global payment brand with over 29 million merchants and 805,000 ATMs.
The QIB Hadiyati Prepaid VISA card looks like a credit card and can be purchased by anyone at QIB bank locations or six authorized mall booths located throughout Doha such as at City Center, Landmark, Hyatt Plaza and Villaggio, as well as at Lulu stores. The cards are fully-loaded at purchase and activated by the salesperson. There are no credit checks or debt risks with the prepaid card. The cards have the added benefits of safety, as the card prevents the user from the hazzards involved in carrying cash, and capability to make easy electronic or on-line payments. The card limits the user's spending by only allowing the amount of money previously deposited on the card to be used, giving the cardholder full control over his or her expenses.
QIB is the only Qatar bank to offer the Prepaid VISA card, the first in a series of Prepaid cards to be introduced to Qatar by the Bank. The next card to be launched will be a rechargeable version of the VISA Prepaid card.
Mr. Ahmad Mashari, General Manager - Business Domestic Group said of the product launch, "The QIB Hadiyati Prepaid VISA card is a giant leap forward for card service banking in Qatar and QIB is proud to be at the forefront of this innovation. This new product fulfills a need of a large number of our customers and answers the demands of the growing Qatar market, keeping stride with the evolution of the way in which people do business. QIB 's launch of this Hadiyati Prepaid VISA card demonstrates the leadership of the Bank as the premier Islamic financial institution locally and internationally, and gives our clients the ability to access this important service the world over."
For Media enquiries please contact:
Kamal Nasrallah, Account Manager
© Press Release 2010
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