Qatar’s QIIB Green launches Green Financing offer for electric, hybrid vehicles

By Arya M Nair, Official Reporter
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Qatar International Islamic Bank (QIIB) Green has launched its Green Financing offer for electric and hybrid vehicles, as it seeks to contribute to a carbon-neutral environment.

By availing of the offer, QIIB customers, as well as customers from other banks who transfer their liabilities to QIIB, can obtain Green Financing to purchase an electric or hybrid vehicle. Customers who are members of Ooredoo’s Nojoom loyalty program can also benefit from a reward of 2022 Nojoom points for every $2,746.50 worth of finance taken.

The offer is valid from July 15 to September 15, 2022, providing a settlement period of up to 72 months for Qataris and 48 months for residents as well as a grace period of up to 12 months for Qataris and three months for residents.

Omar Abdulaziz Al Meer
Omar Abdulaziz Al Meer
Head of Business Development & Alternative Channels

“We are pleased to provide our valued customers with various financing options to satisfy their needs and aspirations. We are pleased to be part of a green initiative, which is in line with and a testament to our vision, values and commitment to sustainability, which we see as a crucial part of all economic and social aspects. We are also pleased that this Green Finance offer for both electric and hybrid vehicles encourages the preserving of the environment and offers a route to sustainability, whilst contributing to promoting a culture of Green Economy, with a shift towards the use of renewable energy.”

“We are witnessing growing environmental awareness at both a local and international level. We are pleased to be part of this and strive to contribute to sustainability by facilitating our customers’ access to Green Financing solutions. QIIB encourages its customers to take advantage of the Green Finance offer and be in line with the prominent transformation that is taking place in the automobile industry,” Al Meer added.

Mr. Sabah Rabia Al Kuwari, Director PR at Ooredoo, said that “We are pleased to participate in this offer by offering a reward of Nojoom Points. As a leading telecommunications operator in Qatar, we have a commitment to taking a lead role in supporting environmental initiatives, promoting sustainability and preserving the environment, in line with our corporate social responsibility strategy and our commitment to supporting the achievement of the goals of Qatar National Vision 2030 and the United Nations Sustainable Development Goals.”

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