tag

QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing co-operation in real estate development and financing, by enabling the bank to provide financing for purchase of plots in the Huzoom Lusail project in line with its financing terms and conditions. Huzoom is a key real estate development in Lusail City wholly-owned by Qatari Diar. The MoU was signed by QIIB Chief Executive Officer Dr Abdulbasit Ahmad al-Shaibei and Qatari Diar Chief Executive Officer Ali Mohamed al-Ali in the presence of senior officials from both sides. The agreement represents an important step in supporting the significant urban development taking place in Lusail City, which has become one of the most prominent residential, commercial, and investment destinations in Qatar, attracting increasing interest from both individuals and companies. Huzoom Lusail project, is part of Lusail City, and is one of the ambitious developments that aligns with Qatar’s Vision 2030, and which aims to diversify the economy and boost investments in infrastructure and urban development. The MoU also reflects the commitment of both parties to build strategic partnerships that contribute to strengthening the real estate sector as a key pillar of the national economy. It further highlights QIIB’s commitment to financing major development projects and providing real estate solutions tailored to the needs of various customer segments, meeting their housing and investment aspirations. Al-Shaibei said: “We are delighted to sign this MoU with Qatari Diar, one of the leading real estate development companies in Qatar and the region. We are confident that this partnership will enhance the range of real estate financing options available to customers who are seeking to invest in the Huzoom Lusail Project. “At QIIB, real estate financing is a top priority, as it is a key driver of the country’s urban renaissance. We are always keen to provide the best real estate financing products with flexible terms, easy procedures, and extended repayment periods, in alignment with Qatar National Vision 2030 and in support of comprehensive economic development.” He noted: “QIIB has developed a wide range of real estate financing solutions that address the needs of both individuals and corporates. We consistently innovate in designing these solutions to ensure financial inclusion and accessibility for all customer segments. “Expanding such partnerships with leading institutions like Qatari Diar reflects our commitment to empowering our customers to seize investment opportunities in Qatar’s real estate market under the best possible terms and conditions.” He concluded: “We are confident that the Huzoom Lusail Project will be one of the most attractive developments for investors in the coming period, thanks to its prime location and integrated services. At QIIB, we remain committed to providing the best financing facilities that deliver added value to our clients and help them achieve their housing and investment ambitions.” Al-Ali stated: “We are pleased to sign this MoU with QIIB, an important step in our efforts to provide practical financing solutions for purchasing plots in the Huzoom Lusail project. This project is one of Qatari Diar’s landmark developments in Lusail City and will represent a significant addition to Qatar’s real estate sector, as it embodies an integrated model for developing urban communities that combine living, working, and leisure, in line with the comprehensive renaissance the country is witnessing. “We are confident that this partnership with QIIB will further enhance the project’s attractiveness and open new horizons for both local and international investments.” He added: “Through this cooperation with QIIB, we look forward to enabling customers to seize the investment opportunities offered by the project and benefit from the diverse real estate financing options provided by the bank.”

In line with its commitment to supporting government directives and Qatar National Vision 2030, which emphasises investment in human capital and serving Qatari society, QIIB has announced the appointment of a new group of employees across various departments of the bank, with Qataris and children of Qatari women making up a significant proportion of the new hires. This latest addition reflects QIIB’s continued dedication to attracting top talent, offering them the opportunity to contribute to the bank’s growth, and providing them with comprehensive training and development programmes that enable them to perform their duties with high efficiency. These programmes also support their career progression and prepare them for future leadership roles within the bank. For decades, QIIB has been at the forefront of contributing to national development, particularly through job localisation and attracting Qatari professionals, while continuously investing in human capital as a key pillar of sustainable development. During his meeting with the new employees, accompanied by a number of senior executives, QIIB chief executive Dr Abdulbasit Ahmad al-Shaibei welcomed them to the “bank’s family”, congratulated them on the start of their career journey, and urged them to exert their utmost efforts in fulfilling their responsibilities, thereby strengthening the bank’s position in the banking sector. “At QIIB, we believe that investing in people is the most valuable investment,” Dr al-Shaibei stated. “We consistently strive to attract outstanding talent and provide the best training and development programmes, enabling our employees to advance their careers and acquire vital expertise.” “We are particularly proud that a significant proportion of our new hires are Qataris and children of Qatari women, which aligns with our HR strategy and the government’s objectives for job localisation,” he said. “We will continue to empower Qatari youth by offering them diverse career opportunities within the bank, equipping them with the necessary tools for success, and enabling them to play an active role in the banking sector while contributing to the national economy,” Dr al-Shaibei added. “QIIB’s human resources strategy is fully aligned with government directives and the Ministry of Labour’s plans to strengthen the participation of Qataris in the private sector, particularly in banking,” he continued. “We are committed to ensuring that all our recruitment and training initiatives are consistent with the goals of Qatar National Vision 2030 and the National Development Strategy, helping to build a qualified cadre capable of leading the future of the banking sector.”

QIIB and Edaa have signed an agreement to facilitate the distribution of dividends to shareholders of companies listed on the Qatar financial market, in line with the regulations issued by the Qatar Financial Markets Authority (QFMA).Under the agreement, Edaa will act on behalf of listed companies to handle the distribution of both cash dividends and bonus shares as decided by those companies.The agreement was signed at Edaa’s headquarters by Sheikh Mohammed bin Jassim al-Thani, Chief Executive Officer, Edaa and Dr. Abdulbasit Ahmed al-Shaibei, Chief Executive Officer, QIIB.The signing ceremony was also attended by Jamal Abdullah al-Jamal, Deputy CEO, QIIB, and Hossam Khattab, Head of the Bank’s Financial Sector, along with several senior executives from Edaa.This partnership reflects the commitment of both parties to enhance the dividend distribution system, improving efficiency, speed, and accuracy in serving shareholders by leveraging the latest available digital solutions.As part of the agreement, QIIB will integrate its dividend distribution systems with Edaa’s platform to streamline the process for shareholders.This integration will enable the secure uploading of dividend files, provide real-time updates on paid and unpaid dividends, and allow inquiries using the National Investor Number (NIN).Sheikh Mohammed said: “This partnership with QIIB marks a significant addition to our ongoing efforts to develop dividend distribution mechanisms and enhance investor confidence. We are committed to providing faster and more accurate processes that ensure dividends reach shareholders in a timely manner.“Our choice of QIIB as a banking partner underscores our confidence in its capabilities, expertise, and dedication to innovation and excellence. This fully aligns with our vision of building a dynamic and sustainable investment environment.”He added: “At Edaa, we are continuously working to upgrade our services and launch innovative initiatives that elevate the investment experience for shareholders.“This agreement with QIIB is a model of fruitful cooperation between national institutions, and we will continue to develop similar strategic partnerships to enhance market efficiency and deliver greater value to investors.”Dr al-Shaibei said: “We are pleased to sign this agreement with Edaa, which represents an important step towards enhancing financial services offered to investors in the Qatari market.“At QIIB, we place the development of digital solutions and the adoption of modern technologies at the core of our strategy. We consider this partnership a key milestone that will simplify the dividend distribution process and provide a more efficient and seamless experience for shareholders of listed companies.”“We believe that expanding digital solutions and integrating with advanced platforms such as Edaa reflects our strong commitment to supporting the national economy and strengthening investor confidence.“We will continue to invest in innovation to ensure advanced banking services that meet the aspirations of our clients and partners, while reinforcing Qatar’s position as a leading regional and international financial hub.”Al-Shaibei concluded, “QIIB is committed to supporting the ambitions of the Qatari market through pioneering financial and banking solutions, keeping pace with digital advancements, and reinforcing our standing as a leading Islamic financial institution in Qatar and the region.”

QIIB has launched a new, comprehensive financing offer featuring "highly competitive profit rates" starting from just 4.25%. The campaign covers personal, auto, and real estate financing, reinforcing QIIB’s position as one of the most responsive banks to customer aspirations and evolving needs in a fast-paced and highly competitive banking environment. The offer, valid until October 15, is available to both existing QIIB customers and new customers who transfer their salaries and commitments to the bank. Beneficiaries will enjoy attractive financing terms, including flexible grace periods of up to 12 months, as well as the option to finance up to 100% of a vehicle’s value, subject to the terms and conditions of the campaign. Through this new initiative, QIIB provides customers across all segments with wide-ranging benefits tailored to various financing purposes. This reflects the bank’s commitment to rewarding customer loyalty and delivering innovative financial solutions that align with their goals and needs. Commenting on the launch, Talal al-Jaidah, QIIB’s Head of Products, said: “We designed this offer in direct response to our customers’ aspirations. After carefully studying their financing needs and requirements, we developed a comprehensive and diverse package that combines competitive profit rates with flexibility and streamlined procedures. “QIIB has made significant strides in strengthening its position as one of the leading local and regional banks, by innovating distinctive products and services that reinforce our customers’ trust. For us, financing is not merely a banking service, but rather a means to empower our customers to achieve their aspirations—fully aligned with the bank’s commitments to the community and the national economy.” He continued: “This financing campaign also reaffirms our firm commitment to positive competition in the local banking market. We constantly strive to deliver exceptional offers that bring a new dimension to the concept of financing, while at the same time supporting the State’s efforts to strengthen the financial services sector in line with the Qatar National Vision 2030.” Al-Jaidah concluded: “This new financing campaign is yet another step within QIIB’s comprehensive strategy to strengthen leadership and sustain the excellence for which the Bank is known. We remain committed to providing the very best for our customers, keeping pace with the challenges and opportunities of our time, while staying true to our core values of innovation, quality, and customer service.” ends

Sidra Medicine, a member of Qatar Foundation, has signed a memorandum of understanding (MoU) with QIIB to explore collaborative pathways that will broaden access to services and create business development opportunities.The MoU was signed between Dr Iyabo Tinubu-Karch, Chief Executive Officer of Sidra Medicine and Dr Abdulbasit Ahmad al-Shaibei, Chief Executive Officer of QIIB. Tinubu-Karch said: “The MoU with QIIB is a testament to Sidra Medicine’s commitment to improving our service delivery model and securing new and innovative ways of providing access to care as well as expanding our brand presence in Qatar.This also highlights our mutual goal to establish partnerships that extends the reach of the banking sector to patient communities.” QIIB is a privately owned Islamic bank in Qatar that offers personal and corporate Islamic banking solutions.The MoU with Sidra Medicine will also seek to establish new access points for patients including healthcare financing options. Dr al-Shaibei stated: “We are pleased at QIIB to sign this memorandum of understanding with Sidra Medicine, which we consider an important milestone in strengthening co-operation with a leading medical institution of distinguished reputation. “We hope that this partnership will contribute to providing innovative solutions that offer patients broader options and support the sustainability of medical services.This collaboration also reflects our commitment to our social role and our drive to build strategic partnerships that align with the Qatar National Vision 2030 and promote comprehensive development.” He added: “At QIIB, we place our commitment to society at the core of our strategy, ensuring that our initiatives are aligned with the Third Financial Sector Strategic Plan launched by the Qatar Central Bank, which places strong emphasis on sustainability and financial inclusion. Through such partnerships, we reaffirm our role in supporting the national economy and contributing to the achievement of sustainable development goals, with positive impact on both individuals and the wider community.”

National Cyber Security Agency (NCSA) announced that QIIB has become the first bank in Qatar to be awarded the National Information Assurance (NIA) certificate.The bank successfully achieved the electronic compliance certificate for NIA certification number 10023.QIIB is now officially listed as a certified entity on the NCSA's website.QIIB Chief Executive Officer Dr Abdulbasit Ahmad al-Shaibei stated, “Receiving the first NIA certification in the banking sector in Qatar marks a pivotal milestone in the journey of our institution and reaffirms our position as a pioneer in adopting the highest standards of cybersecurity.“This achievement was made possible through the constructive collaboration with the National Cyber Security Agency (NCSA) and the supervisory authorities, most notably the Qatar Central Bank.”“This certification is a clear testament to our strict adherence to advanced information security practices and reflects our alignment with the national cybersecurity strategy of the State of Qatar. It further strengthens our clients’ confidence in the security and reliability of our digital banking services.”He further noted: “We extend our sincere gratitude and appreciation to the National Cyber Security Agency (NCSA) for its continuous support and valuable guidance throughout this certification process. Their role has been instrumental in helping us reach this remarkable milestone.”“With this certification, we reaffirm our commitment to investing in the latest cybersecurity solutions and technologies to ensure highly secure and resilient digital banking services. This reflects our dedication to meeting our clients’ expectations while contributing to the national efforts of building a safe and integrated digital ecosystem in Qatar,” al-Shaibei added.NCSA emphasised the importance of compliance with the National Information Assurance (NIA) Standard as it contributes to the protection of national information assets and strengthens the cybersecurity posture across sectors.NCSA said it looks forward to other banks and financial institutions, government entities and organisations within critical sectors obtaining the National Information Assurance (NIA) Certification, which will fundamentally enhance and contribute to raising the level of cyber resilience across the nation.

QIIB has introduced the ‘SWIFT GPI Tracker’ service through its mobile banking app, becoming the first bank in Qatar to offer this cutting-edge feature.The launch represents a major leap in international payments, providing customers with greater speed, transparency, and real-time traceability.This step reaffirms QIIB’s leadership in adopting advanced global digital banking solutions and its ongoing commitment to providing customers with top-tier services that meet their needs and align with their growing preference for smooth and secure financial transactions, ultimately enhancing their banking experience and reinforcing their trust in the bank.The SWIFT GPI Tracker service assigns a unique tracking code to every international money transfer, allowing customers to monitor its journey in real time across all intermediary banks until it reaches the final beneficiary.The service’s central platform provides instant updates, enabling users to view the transfer’s location, status, deducted fees, and the net amount received. This empowers customers with full visibility and control over their transactions, placing them at the centre of the process.By launching the service through QIIB’s mobile banking app, customers can access it with complete ease, anytime and from anywhere.It transforms the experience of international payments into one similar to tracking parcels with global courier services, delivered with the highest standards of security and accuracy.To benefit from the service, a QIIB customer can simply log in to the mobile banking app and select the “Track International Transfers” option. They will then be able to track their transfer with ease, accessing all the information they may wish to know, supported by the unique features offered by this new service.Mohammed Khair Barhoumeh, Chief Operating Officer at QIIB, stated: “We are proud to be the first bank in Qatar to launch the SWIFT GPI Tracker service through our mobile banking app. This represents a major leap forward in international money transfers.“It serves as a GPS for financial transactions, giving our customers the ability to track their transfers with high accuracy and in real time and offering them greater peace of mind and confidence in their banking experience”.Barhoumeh added: “At QIIB, we consider digital innovation a core pillar of our strategy, and the launch of this service aligns with our ongoing efforts to strengthen the Bank’s position as a leader in delivering advanced banking solutions.”He continued: “We don’t just keep pace with global developments, we are committed to being among the first banks to introduce the latest innovations to the local market”.Barhoumeh reaffirmed that QIIB will continue to invest in advanced banking technologies and develop more innovative digital services, further strengthening its position as a leading bank in the Qatari and regional markets, and reinforcing its role in driving digital transformation across the banking sector.