Qatar Islamic Bank (QIB) has introduced new features to its mobile app, in line with its ongoing efforts to provide customers with innovative digital options to fulfil all their banking needs, remotely.
Developed with customers’ daily banking requirements in mind, the app now allows them to benefit from new and simplified features, including the postponement of their personal finance monthly instalment (PFMI), opening the exclusive certificates of deposit (CoD) for Covid-19 front-liners, filling and submitting the common reporting standard (CRS), and completing Foreign Account Tax Compliance Act (FATCA) declarations.
Through the app, the eligible Qatari customers can now postpone their PFMI for the next three months and it provides them the option of adjusting the new financing to take place after the maturity of their existing finance terms.
The postponement can be submitted any time before the 20th day of the month in order to immediately take effect, starting from the next upcoming instalment.
"The new mobile app features are yet another testimonial of our promise towards providing a fully digitised banking experience. We remain committed to offering innovative digital solutions responding to the banking needs of all our customers, while guaranteeing easy and safe services that can be used by our customers anytime and from anywhere in the world,” said D Anand, QIB’s general manager – Personal Banking Group.
As a tribute to Covid-19 front-liners and their contribution to keeping the entire community safe during the current circumstances, employees of the Ministry of Public Health, Hamad Medical Corporation, Primary Health Care Corporation, Sidra Medical and Research Center, Ahli Hospital, American Hospital Doha, Doha Clinic, Al Emadi Hospital, in addition to the Ministry of Interior personnel and volunteers can now request the exclusive CoD for the pandemic front-liners through the app.
The CoD is introduced to help front-liners increase their long-term savings, with a minimum amount of QR5,000 and no maximum amount. These special CoDs offer exclusive returns allowing Covid-19 frontline employees to benefit from a higher expected profit rate.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Fed curbs trading by top officials as Powell does damage control
Markets bet inflation is hot enough to spur reluctant rate hikes
BoJ discussing phasing out pandemic support as economy reopens
China property behemoth finds funds to avert bond payment default for now
Mekdam reports QR18.4mn net profit at the end of September 2021
HBKU’s College of Law hosts seminar on special economic zones and taxation policy
Doha Bank CEO underscores role of ‘Digital Innovation in Financial Services’
Foreign, Gulf institutions keep key index near 11,900 points
Qatar banking sector total assets stand at QR1.78tn in September: QNBFS