Qatar Islamic Bank (QIB), country’s leading Shari’a-compliant banking services provider, has announced a new finance campaign to meet customers’ growing needs upon the arrival of the holy month of Ramadan and summer period.
Customers applying for personal or auto finance will enjoy a bonus of 1 percent of the total financing amount.
The new campaign entitled 'Signing is Winning” is a continuation of the bank’s commitment to reward loyal customers and offers up to QR20,000 of cash bonus. Along with the cash bonus, the campaign offers competitive profit rates, a quick and convenient approval process from the first visit and free QIB credit card with the flexibility to pay only a minimum of 5 percent of the total outstanding as well as a 3-month grace period.
The “Signing is Winning” campaign, which ends on the July 10, requires a minimum finance request of QR100,000 and a minimum monthly salary of QR10,000. The cash bonus will be credited directly to customers’ credit card. The 1 percent cash bonus also allows customers to move their liabilities from other banks to QIB without worrying about the related expenses.
“With the holy month of Ramadan upon us, we are delighted to introduce this exclusive offer to our customers by rewarding them with a 1 percent cash bonus, with QIB Finance Promotion all applicants are winners,” said D Anand, QIB’s Personal Banking Group General Manager.
Anand added: “Our finance campaigns have always been tailored made to meet our customers’ specific needs at the right time. We understand that summer brings many financial commitments, including Ramadan, Eid, the holiday season and back-to-school expenses.”
Whether customers want to refurbish their home, get married, plan their vacation or planning to buy a new car, QIB’s new finance campaign offers a convenient and Shari’a-compliant solution that allows our customers to enjoy a worry-free summer crowned with our cash bonus to support them, said Anand.
QIB continues to consolidate its position as a leading Bank offering tailor-made financial solution. Earlier this year, in an initiative to foster a culture of saving among customers the Bank launched a campaign providing customers with additional profit on their quarterly savings.