QIIB, Qatar Airways jointly launches ‘attractive offer’ for Instant Personal Finance

By Amirtha P S, Desk Reporter
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Qatar International Islamic Bank (QIIB) has partnered with Qatar Airways has rolled out an attractive offer for Instant Personal Finance through its digital channels with a competitive finance rate, exclusive benefits, and Qmiles rewards from the airlines’ group’s Privilege Club.

With this offer, customers can avail of financing within minutes at a reduced profit rate, starting from 3.75 percent (2 percent fixed profit rate) and will be granted 10,000 Qmiles (loyalty points by Qatar Airways Privilege Club) for every $27,464 worth of financing.

Customers applying for the finance, which is valid from September 1 to October 31, can also benefit from a grace period of up to 12 months for Qatari nationals and three months for residents.

After completing the financing application and uploading all the necessary documents on the QIIB Mobile or Internet Banking Application, the request will be processed in real-time and automatically. A text message will be sent instantly to the customer’s registered mobile number with the Bank, to inform them that they have successfully obtained finance.

Dr. Abdulbasit Ahmed al-Shaibei
Dr. Abdulbasit Ahmed al-Shaibei

“Providing a special offer for instant personal finance via mobile and internet banking is a great and significant leap for us and our customers. This offer is in line with QIIB’s great achievements in digital transformation and one of the milestones completed in the past months, which has provided customers with a wide variety of products and services offered, with unprecedented ease and flexibility. It is a new era in terms of personal finance, where customers are no longer required to visit any of the Bank’s branches.”

The launch of this campaign which is related to the digital channels is in line with the bank’s efforts to reinforce the transformation from traditional banking to digital banking, which are characterized by speed, efficiency, security, and availability around the clock. These are in addition to compliance with the global, fast-moving banking system to enable almost all banking services via alternate channels.

“QIIB is keen through this offer to strengthen its partnership with Qatar Airways, the award-winning national carrier of Qatar, by awarding customers who obtain personal finance via this offer a reward of Qmiles by Qatar Airways Privilege Club, which they can use to benefit from award tickets, extra baggage and more,” Mr. al-Shaibei added.

Qatar Airways Group Chief Executive, HE Akbar al-Baker said, “At Qatar Airways Privilege Club, we continuously aim to enrich our offering for customers to earn and spend Qmiles. This partnership with QIIB cements our dedication towards enhancing our leading loyalty program for valued members, and strengthening our loyalty partnerships to reward our members with exciting opportunities both on and off the ground.”

QIIB customers desiring to benefit from the “great offer” can log in to their QIIB Mobile or Internet Banking Application and apply for finance by uploading the required documents anytime throughout the day, seven days a week.

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