DOHA: QNB Al Islami, the Islamic banking arm of Qatar National Bank (QNB), yesterday formally opened its new branch in the Industrial Area. With this opening, QNB Al Islami's wholly operated branch network has now been increased to 12 branches, including its international branch in Sudan. This is complemented by QNB's local network of 43 branches and offices including 3 mobile branches, as well as a network of more than 156 ATMs.
QNB Al Islami offers a modern range of Islamic banking products and services certified by an eminent Shari'a Advisory Board. These include retail and corporate services in addition to various other Shari'a-approved financing solutions. Among the products being provided include Current Accounts, Call Investment Accounts, Savings Investment Accounts, Fixed Investment Deposits, and Domestic Murabaha Finance for vehicles and goods.
QNB Al Islami is also the only bank in Qatar to offer an Islamic co-branded credit card in association with MasterCard and Qatar Airways. The card provides customers with the fastest way to earn Qmiles, the reward points of the airline's loyalty programme.
QNB Al Islami has been very active in the Islamic banking industry since inception in 2005, when it became the first Islamic financial institution to be established by a conventional bank in Qatar, with a leading market share amongst the Islamic windows of conventional banks.
It has since built a reputation for innovation in Islamic financial services and has launched many innovative products and services, including electronic banking solutions which are offered through QNB's EAZYLife platform and S@hl, the corporate eBanking portal of the Bank.
© The Peninsula 2009
