Qatar Islamic Bank (QIB) has launched a new campaign providing customers with additional profit on their additional savings. The initiative aims to foster a culture of saving among customers and encourages them to save more on quarterly basis.
The new campaign encourages customers to save more by offering them to earn 50% more expected profit rate on their incremental deposit amounts. Customers who increase their savings account average balance during the quarter with a minimum of QR50,000 get to earn 50% extra on the expected annual profit rate on that additional balance. The offer is available throughout 2017 and profit is paid on quarterly basis.
This campaign is part of QIB’s comprehensive Shariah-compliant financial products and services suite and is open to all QIB customers.
D Anand, Personal Banking Group general manager at QIB, said: “We are always working to offer our customers financial services that support their financial health and lifestyle. For this reason, we have introduced this campaign in order to encourage our customers to save more in anticipation of their future needs and aspirations.”
“As the leading Islamic bank in Qatar, we are always looking for innovative ways to address the financial interests of the people in Qatar. We are pleased to start the year with a unique offer which keeps the customers’ needs at the core of our strategy,” Anand added.
Savings accounts at QIB provide customers a number of benefits. Return is given to the average daily balance with the profit distributed on quarterly basis, while customers are free to draw from the account at any time.
The savings account comes with free e-Statement (daily, weekly or monthly, upon customer’s request), free instantly issued debit/ATM card, and 24/7 access to their accounts via phone, Internet, and mobile banking.
QIB has recently launched a number of new products and services, including the new salary transfer campaign, the comprehensive Ladies Banking Proposition to meet the needs of all women in Qatar and a new credit card with flexible payment option, whereby customers can pay as low as 5% per month on their card outstanding balance.
