IBQ Islamic unveils ‘Young Saver Account’

Al-Mulla: new target audience

In line with its commitment to develop innovative and modern banking solutions, Al Yusr Islamic Banking Service of IBQ, yesterday announced the launch of Al Yusr Islamic banking ‘Young Saver Account’ aimed at individuals under the age of 18.
Fully Shariah-compliant and working under the Mudaraba principle, the Al Yusr Islamic banking Young Saver Account features a range of benefits and features including an opening balance of QR100, quarterly revenues, an annual birthday gift and a regular savings option through free standing orders.
Islamic Banking head Hassan al-Mulla said the Al Yusr Islamic banking ‘Young Saver Account’ reaches a new target audience whose financial knowledge and well being tops the chart of IBQ’s priorities.
"This product follows the strong release of a series of superior Islamic banking solutions by Al Yusr Islamic Banking service and is a new innovative, added-value addition to our portfolio that provides quality personal service and value to our customers.” The Al Yusr Islamic banking ‘Young Saver Account’ is supported through a full retail banking platform including two dedicated Al Yusr Islamic banking branches located near the C-Ring Road and Al Rayyan area in Doha, a 24-hour call centre, Internet banking and SMS banking service.