Qatar Islamic Bank (QIB) received the “Best New Islamic Product” in Qatar from Visa International for the launch of its highly successful ‘Murabaha’ based credit card. The prestigious award recognised QIB’s continuous efforts in providing premium Islamic products for its customers.
The Best New Islamic Product in Qatar Award from Visa was conferred after considering the unanimous and encouraging response from QIB’s customers compared to product offerings of other Qatari Banks and taking into account the products’ innovativeness, benefits, and added value to customers.
“QIB aims for excellence and offers only the best Islamic banking solutions to its growing customer base,” commented D Anand, General Manager of the Personal Banking Group.
“The revolving card exceeded expectations and was met with enthusiastic feedback from our customers,” he added.
Launched last year, the credit card offers customers the flexibility to pay 5 percent or 100 percent based on their preference, with monthly settlements automatically deducted from their accounts and the ability to perform early payments at the customer’s discretion at all times.
Additionally, the card offers attractive reward points based on a customer’s spend which can be redeemed for Qmiles from Qatar Airways. Customers also benefit from higher credit limits, up to two times their monthly salary.
The card, which is offered with no annual fees for the first year, comes in Infinite, Platinum & Gold variants with tailor-made services for each product.
Customers will benefit from Free Global lounge access, complimentary access to Visa’s worldwide concierge service , discounts at hotels around the world, purchase protection and much more.
