Doha, Qatar – Qatar Islamic Bank (QIB) has announced the launch of its yearly Ramadan Auto Finance promotion for new and existing customers seeking to purchase regular, electric or hybrid cars. With fully Shari’a-compliant finance packages, customers can avail attractive profit rates and additional benefits during the holy month of Ramadan.

QIB has partnered with reputed automotive dealers and brands to offer special financing deals during Ramadan. Valid until April 30th of this year, the Auto Finance promotion offers attractive financing options to customers who wish to buy a new or used vehicle. With fixed monthly installments and no administration charges, customers can benefit from low reduced profit rates of 5.75% on electric or hybrid vehicles and starting from 6.25% on regular cars. Additionally, customers can get a free Revolve Credit Card for the first year as well as a 3 month-grace period and a complimentary subscription to QIB MyBook App.

Mr. D. Anand, QIB’s General Manager – Personal Banking Group, said: “QIB is committed to achieving a positive social and environmental impact throughout the year and especially during the month of giving.  We are pleased to launch our exclusive Auto Finance offer giving back to the community during Ramadan and offering highly competitive auto financing deals. In addition, introducing a lower profit rate offer for Green Finance during Ramadan reiterates our continuous efforts to integrate sustainability and encourage eco-friendly practices. In response to the growing demand of environmentally friendly choices, the Green Car Financing will help promote environmental consciousness and awareness about the benefits of electric and hybrid vehicles.”

As part of its commitment to environmental sustainability, QIB strives to contribute to the accomplishment of global sustainable development goals and in implementing Environmental, Social and Governance (ESG) standards. QIB has been taking part in the Environmental Sustainability Program launched by the Ministry of Environment and Climate Change aimed at providing guidance, recommendations, and support to all sectors in Qatar for adopting sustainability strategies.

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