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QIB board recommends amendment for up to 100% foreign ownership 27 Apr 2021 - 10:14 The Peninsula Qatar Islamic Bank (QIB) Board of Directors has recommended the approval of the amendment of the Articles of Association to increase the percentage of nonQatari ownership to 100 percent subject to approval of concerned official and regulatory authorities and the bank’s Extra-Ordinary General Assembly in a date to be decided for the meeting. Share this post 27 Apr 2021 - 10:10 The Qatari Society of Petroleum Engineers has participated in the Petroleum Engineering competition of Texas A&M University competition- Qatar branch - related to Petroleum engineering presentation papers for a group of College of Petroleum Engineering students. ....
QIB launches exclusive Auto Finance promotion during Ramadan 26 Apr 2021 - 11:19 The Peninsula Qatar Islamic Bank (QIB) has announced the launch of its Auto Finance promotion during the holy month of Ramadan, to meet the growing needs of its customers. The new promotion is part of the bank’s commitment to reward new and existing loyal customers who apply for car finance, by offering them a number of benefits. Along with quick approvals and low reducing profit rates at 3.50 percent p.a. (1.83 percent flat), the Auto Finance offer will provide new and existing QIB customers attractive rates on their Auto Takaful policy, with a 1.90 percent exclusive rate, as well as a 6 months’ grace period from the finance tenure, for both Qatari nationals and expats. QIB has partnered with a variety of automotive dealers and brands to offer special financing deals on new vehicles during Ramadan. ....
Qatar Islamic Bank (QIB) in collaboration with Qatar Charity (QC), is sponsoring the Iftar project for workers in the industrial area who are fasting, as part of Qatar Charity’s “Ramadan of Hope” campaign, in light of the current challenging conditions. ....
Dr Amjad Saqib informs webinar about philosophy and works of Akhuwat Foundation Karachi April 19, 2021 With a 99.9 percent recovery rate of its interest-free Islamic microfinance programme, the Akhuwat Foundation has been running the most successful and largest Qarz-e-Hasna scheme in the world. This was stated by the founder and executive director of the foundation, Dr Muhammad Amjad Saqib, as he spoke at a webinar jointly organised by the Akhuwat Foundation and National Forum for Environment and Health. Dr Saqib said that since its inception in 2001, Akhuwat had distributed a sum of Rs140 billion as interest-free loans to people of the deprived communities. He explained that Rs140 billion had been distributed in the form of 4.3 million small loans to deserving people to start businesses to earn their livelihood. ....
QIB announces first Lexus LX 570 winner 19 Apr 2021 - 10:37 The Peninsula Qatar Islamic Bank (QIB) has announced the first Winner of the Lexus LX 570 as part of the Bank’s ongoing Salary Transfer offer, providing customers the chance to win luxury cars and a range of exclusive benefits. QIB customer Omar Abdulhameed Al Mulla is the first lucky winner who drove away with the latest Lexus LX 570 car following a raffle draw conducted last week in the presence of representatives from the Ministry of Commerce and Industry and QIB officials. Valid until end of May 2021, this exclusive offer provides citizens and residents in Qatar the opportunity to benefit from the most competitive banking offers in the country when transferring their salaries for the first time to their account in QIB and avail Personal, Auto or Home Finance. ....