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There is much more to FinTech than companies that provide banking apps. We are living through a technological revolution in the ways in which financial services are delivered across the economy, from personal banking to business-to-business insurance. There is much growth still to take place, with penetration of digital methods and AI that is high in some applications, and low in others.A recent report by the Qatar Development Bank (QDB) chronicles this development and makes recommendations for further progress.Current and anticipated growth in the FinTech sector in the Gulf Co-operation Council economies is high: With revenues in the sector set to grow from QR5.6bn revenues in 2023, to QR31.7bn by 2030, the Qatar Development Bank reports. This is a compound annual growth rate of 25%.Evolution of FinTech is relatively recent in the nations of the Gulf Co-operation Council, but development is accelerating after a slow beginning. A Deloitte study in 2020 showed a FinTech adoption rate of 22% among Middle Eastern consumers. Peer-to-peer transfers was the most widely used application.The Covid-19 pandemic accelerated development, causing an increase in online retailing. Globally, there was a surge in venture capital investment in FinTech firms in 2021, when it reached QR441bn, before dipping to QR323bn in 2022.In terms of the number of FinTech firms, the leader in the Gulf region is the United Arab Emirates, with 686. Qatar comes fourth, with 102 firms established. There is scope for further technological innovation, as well as the spread of existing digital payment systems.Generative AI is increasingly being used for a range of applications. It can help with fraud detection, by identifying suspicious patterns of activities, and with checking credit-worthiness. Customer service can be improved with instant advice from smart chatbots. Large language models can, within certain safeguards, help provide personalised financial advice. And AI can help with regulatory compliance.Insurance is a sector that is being transformed by technology. Increasingly known by the shorthand term InsurTech, new technology can make it easier for customers to manage policies and settle claims quickly. There is also the scope for under-served, low-income citizens to have greater access to insurance. Increased operational efficiency can help providers reduce premiums.Globally, the InsurTech market is projected to experience a compound annual growth rate of around 38%, reaching QR678bn by 2030. However, InsurTech accounts for just 0.3% of the total insurance market globally, which amounts to $6.9tn.Another significant FinTech application is the development of blockchain and smart contracts. A blockchain is a type of distributed ledger technology, which speeds processes, reducing the need for intermediaries. A smart contract enables automatic payments once key contractual requirements are met.Islamic FinTech is an established sector. AI can help ensure that investments are compliant with Shariah law, as well as being socially and environmentally responsible. Qatar is host to specialist Islamic finance industry.The Qatar Central Bank (QCB) established a National FinTech Strategy in 2023. The four pillars of the strategy are infrastructure, growth, skills and financial inclusion. Some 29 initiatives have been planned for the first five years, with many already underway. The country’s Third Financial Sector Strategic Plan was launched in the same year, and covers banking, digital finance, insurance and capital markets.FinTech has been the leading sector for venture capital in Qatar, attracting QR46mn of funding, three times more than any other industry. Key to the development has been the establishment of the Qatar FinTech Hub. Established in 2022, it creates ‘waves’ of programmes, in which start-ups receive mentoring, business advice and market access support. The Hub contributed more than QR54mn by 2024, and has set up five waves.In Qatar, the total digital payments market rose from QR107bn in 2022 to an estimated QR130bn in 2024, and is projected to reach QR181bn by 2028. The transaction value of e-commerce payments has come down, indicating that digital payments are used more for everyday transactions.The report categorises five categories according to market maturity and potential. They are: Peer-to-peer lending, buy-now-pay-later, InsurTech, digital wallets and digital payments. All five score at least medium on growth potential, while InsurTech and peer-to-peer lending are low on maturity.Recommendations are grouped into three categories: Leveraging existing support, such as the Qatar FinTech Hub; exploring opportunities across the value chain, such as collaboration between software firms and existing players; and prioritising the identification of market needs, including under-served sectors.The author is a Qatari banker, with many years of experience in the banking sector in senior positions. 

QIIB has announced the appointment of Sheikh Ali bin Abdullah al-Thani as head of Human Resources, in line with the bank’s strategy to empower Qatari talent and strengthen their presence across key areas of the banking sector. The move reflects QIIB’s alignment with Qatar National Vision 2030, which places strong emphasis on investing in human capital and developing national leadership. The appointment comes as part of QIIB’s ongoing efforts to develop its human resources framework further, enhance its efficiency, and strengthen its role as a strategic partner in achieving the bank’s operational and developmental goals, particularly in the areas of Qatarisation, capacity building, and institutional performance sustainability. Sheikh Ali brings with him a strong academic and professional background. He holds a Bachelor’s degree with Honours in Finance and Investment Management from Northumbria University in Newcastle, and has gained practical experience in investment, human resources, and general management, equipping him well to take on his new role with confidence and competence. Commenting on the appointment, Ali Hamad al-Mesaifri, head of Human Resources and Administration at QIIB, stated: “The appointment of Sheikh Ali bin Abdullah al-Thani as head of Human Resources reflects QIIB’s strong and ongoing commitment to empowering qualified Qatari talent and entrusting leadership roles to capable young professionals, an approach that directly supports the bank’s strategic objectives. “The Human Resources Department plays a vital role in supporting institutional performance, fostering a culture of excellence, and developing human capital. We are confident that Sheikh Ali’s competence and professionalism will contribute significantly to advancing the bank’s HR policies and practices, enhancing its ability to attract, develop, and retain top talent in line with QIIB’s vision and plans.” He added: “This appointment falls in line with QIIB’s human resources strategy, which is fully aligned with government directives, the plans of the Ministry of Labour, and the objectives of Qatar National Vision 2030, particularly the goal of developing national talent capable of leading the banking sector in the future.” For his part, Sheikh Ali expressed his pleasure in joining the QIIB team: “I am delighted to join QIIB, a leading national banking institution. I extend my sincere thanks and appreciation to the bank’s management for their trust, an honour I consider a great responsibility and a strong motivation to work with dedication and commitment. “I look forward to contributing to the development of QIIB’s human resources framework and working closely with the team to achieve the department’s objectives. Our aim is to foster a motivating and excellence-driven work environment, one that positively impacts employee performance and supports the bank’s strategic goals.”

Qatar Islamic Bank (QIB) has announced the continuation of its Misk Account for the ninth consecutive year, reaffirming its position as the savings account with the largest prize value in Qatar.The new edition offers Misk Account holders more cash prizes, double the millionaires, and greater opportunities to win while growing their savings. The ninth edition is set to be bigger and more rewarding than ever, featuring the largest prize pool in Qatar and rewarding a higher number of winners throughout the year.Building on the strong momentum of previous editions, Misk Account continues to make saving more engaging by combining disciplined saving with frequent chances to win cash prizes.During this edition, Misk Account will offer the opportunity to a total of 1,124 customers to win a total prize pool of QR26mn. Most notably, the number of the QR1mn grand prize winners has doubled to 12, up from six previously. The millionaire draw will take place every two months to announce two new millionaires. In addition, six customers will win QR50,000 each every month, while 20 customers, up from 15, will win QR10,000 each weekly.To qualify for the QR1mn grand prize draw, customers are required to open a Misk Account at least three months before the upcoming grand draw month and maintain a minimum monthly balance of QR10,000. For every additional QR10,000 saved, customers earn an extra chance to win.D Anand, QIB general manager – Personal Banking Group, said: “The Misk Account continues to be one of QIB’s most successful savings initiatives, designed to encourage customers to develop saving habits while rewarding them with substantial prizes.“With the ninth edition bringing our largest prize pool and the highest number of winners to date, we remain committed to rewarding our customers and supporting them in achieving their financial goals.”Since its launch, the Misk Account has become one of Qatar’s most popular savings accounts, having created 22 millionaires to date. The ninth Misk edition continues to reflect QIB’s commitment to financial inclusion, innovation and customer-centric banking.Existing and new QIB customers can open a Misk Account easily through the QIB Mobile App. Customers will receive a free debit card, become eligible to request a free credit card against their Misk Account balance, earn profits on their savings, and enjoy frequent opportunities to win cash prizes.For more information, visit www.qib.com.qa/en-miskaccount. 

QNB Private Banking continues to strengthen its position as a leading wealth management institution in Qatar and the wider region, following its recognition in 2025 by respected financial publications, including Global Finance and MEED. During the year, QNB was named ‘Best Private Bank in Qatar’ and ‘Best Private Bank in the Middle East’ by Global Finance. This recognition reflects QNB’s continued leadership in delivering exceptional private banking and wealth management services, offering clients-tailored financial solutions that combine innovation, expertise, and trust.**media[398932]**QNB also received significant recognition from MEED for the strength of its private banking proposition, underscoring the bank’s consistent performance and service excellence. The Mena Banking Awards by MEED celebrate the region’s most distinguished financial institutions, recognising those that demonstrate outstanding performance, innovation, and client-centric strategies in the evolving wealth and private banking landscape. The recognition in 2025 reaffirms QNB Private Banking’s commitment to leadership in Qatar and the region, as it continues to set high standards for quality, innovation, and sustainable value creation. A relationship-led private banking model: These accolades reflect QNB Private Banking’s success in delivering bespoke wealth management solutions and maintaining a high standard of client service. The bank’s private banking model is built on professionalism, discretion, and long-term relationships, enabling it to respond effectively to the evolving needs of high-net-worth individuals and families. Integrated wealth solutions with regional expertise and European presence: QNB Private Banking offers a comprehensive range of services spanning wealth and asset management, advisory solutions, specialised lending, and real estate services, ensuring an integrated approach aligned with clients’ long-term objectives.**media[398933]**The bank also provides private banking services in its branches in France, Switzerland and UK, supporting clients with cross-border wealth structuring and international investment requirements across key European markets. Digital innovation and advanced technologies: In 2025, QNB continued to invest in digital innovation and advanced technologies to enhance efficiency and client experience, while preserving the personal engagement that remains central to private banking. This approach reflects a balance between modernisation and the trusted relationship-based service expected by private banking clients. A strong legacy supporting regional leadership: As the first private bank to be established in Qatar, QNB Private Banking is underpinned by a strong legacy of stability, sound performance, and forward-looking vision. Its regional footprint, complemented by its presence in Europe, enables the bank to deliver private banking services to consistent, high standards, including a range of tailored wealth management solutions, investment advisory, and exclusive access to global opportunities.

Qatar banking sector total assets stood at QR2.126tn in October, according to QNB Financial Services (QNBFS).Total assets decreased 1.1% MoM during October while these moved up (by 3.9%) that month compared to FY2024.Assets grew by an average 5.7% over the past five years (2020-2024), QNBFS said in its latest ‘Qatar Monthly Key Banking Indicators’.Liquid assets to total assets stood at a healthy 30% level in October, QNBFS said.The banking sector's loan book remained flat MoM (+6.0% vs. year-end 2024), while deposits moved down 0.9% MoM (+1.5% vs. year-end 2024) in September this year. As such, the LDR increased to 137% in October compared to 135% in September.Loans were flat MoM in October at QR1,428.2bn (QR1.43tn), while deposits declined by 0.9% MoM in October to QR1,041.7bn (QR1.04tn).Public sector deposits receded by 2.3% MoM (+2.0% vs. fiscal year –FY- 2024) in October.Looking at segment details, the government segment (which represents 34% of public sector deposits) pulled back by 1.4% MoM (+1.7% vs. FY2024).The government institutions’ (represents 52% of public sector deposits) contracted by 5.7% MoM (+0.1% vs. FY2024), while the semi-government institutions’ segment (represents 14% of public sector deposits) expanded by 10.4% MoM (+11% vs. FY2024) during October.Non-resident deposits moved up by 0.7% MoM (-4.3% vs. FY2024) during October 2025. Non-resident deposits as a percentage of total deposits declined from 19.5% in FY2024 to 18.4% in October.Private sector deposits declined 0.5% MoM (+3.5% vs. FY2024) in October.On the private sector front, companies and institutions decreased 1.4% sequentially (+1% vs. FY2024). On the other hand, the consumer segment remained flat MoM (+5.3% vs. FY2024).The overall loan book inched up 0.4% MoM in October 2025 as result of healthy performance from the public sector loans as private sector loans remained flat. Total public sector loans climbed up sequentially by 1.1% (+13.0% vs. FY2024) in October 2025.The government segment (represents 36% of public sector loans) increased by 2.3% MoM (+43.6% vs. YF2024), while the government institutions segment (represents 59% of total public sector loans) remained flat MoM (+0.6% vs. FY2024).On the other hand, the semi-government institutions’ segment (represents -4.5% of total public sector loans) contributed immaterially, moving up by 5.2% MoM (+4.9% vs. FY2024) during October 2025.Total private sector loans were flat MoM (+3.3% vs. FY2024) during the month of October with negligible contribution across all segments.Outside Qatar loans receded sequentially by 0.7% in October (+2.5% vs. year-end 2024).Qatar banking sector loan provisions to gross loans remained flat at 4.2% MoM in October compared to 3.9% as of year-end 2024.Loan provisions have increased 14.5% vs. year-end 2024 as banks have been provisioning for Stage 2 and Stage 3 loans, mainly emanating from contracting and real estate sectors. On a positive note, Stage 3 loans have remained stable, QNBFS noted. 

The Qatar Stock Exchange (QSE) Monday settled marginally higher despite losers outnumbering gainers by wide margin.The real estate, banking and transport counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.06% to 10,621.19 points.The foreign funds turned net buyers in the main market, whose year-to-date gains improved to 0.47%.The local retail investors were seen bullish in the main bourse, whose capitalisation added QR0.61bn or 0.1% to QR635.47bn, mainly on microcap segments.The Gulf individuals were increasingly net buyers in the main market, which saw as many as 7,315 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.03mn trade across 10 deals.The foreign individuals continued to be net buyers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the rise.The Islamic index was seen declining vis-à-vis gains in the other indices of the main market, which saw no trading of treasury bills.The domestic institutions turned net profit takers in the main bourse, which saw no trading of sovereign bonds.The Total Return Index was up 0.06% and the All Share Index by 0.15%, while the All Islamic Index shed 0.22% in the main market.The real estate sector index shot up 1.08%, banks and financial services (0.73%) and transport (0.21%); while insurance declined 1.74%, industrials (1.04%), consumer goods and services (0.34%) and telecom (0.27%).As many as 11 stocks gained, while 37 declined and three were unchanged.Major movers in the main market include Beema, Barwa, QNB, Nakilat and Dukhan Bank.Nevertheless, about 73% of the traded constituents were in the red with major shakers being Qatar General Insurance and Reinsurance, Baladna, QLM, Aamal Company, Estithmar Holding, Dlala, Qatar German Medical Devices, Mannai Corporation, Qatar National Cement, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding and Vodafone Qatar. In the junior bourse, Techno Q saw its shares depreciate in value.The foreign funds turned net buyers to the tune of QR5.57mn compared with net sellers of QR16.26mn the previous day.The local retail investors were net buyers to the extent of QR2.22mn against net sellers of QR4.8mn on November 30.The Gulf individuals’ net buying increased marginally to QR0.83mn compared to QR0.54mn on Sunday.However, the Arab individual investors turned net sellers to the tune of QR5.86mn against net buyers of QR0.16mn the previous day.The domestic funds were net profit takers to the extent of QR4.97mn compared with net buyers of QR15.63mn on November 30.The foreign individual investors’ net buying declined perceptibly to QR1.69mn against QR2.75mn on Sunday.The Gulf institutions’ net buying weakened markedly to QR0.49mn compared to QR1.92mn the previous day.The Arab institutions’ net buying shrank marginally to QR0.02mn against QR0.04mn on November 30.The main market saw a 16% jump in trade volumes to 110.6mn shares, 64% in value to QR344.03mn and 55% in deals to 16,428.In the venture market, a total of 0.28mn equities valued at QR0.61mn changed hands across 71 transactions. 

Market EyeMirroring the positive global trends due to strengthening optimism on the US rate cut in December, the Qatar Stock Exchange Sunday gained more than 45 points on the buying support of Gulf institutions. The telecom and banking counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.43% to 10,653.13 points, recovering from an intraday low of 10,618 points.The local retail investors continued to be net buyers but with lesser vigour in the main market, whose year-to-date gains improved to 0.78%. The domestic institutions also continued to be net buyers but with lesser intensity in the main bourse, whose capitalisation added QR2.87bn or 0.45% to QR636.61bn, mainly on midcap segments.The foreign institutions were seen net profit takers in the main market, which saw as many as 801 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR1,839 trade across 13 deals. The foreign individuals turned bearish in the main bourse, whose trade turnover and volumes were on the decline.The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. The Arab individuals were seen net sellers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.43%, the All Share Index by 0.4% and the All Islamic Index by 0.36% in the main market.The telecom sector index shot up 2.11%, banks and financial services (0.64%) and industrials (0.15%); while transport declined 0.71%, consumer goods and services (0.35%), real estate (0.19%) and insurance (0.15%). As many as 17 stocks gained, while 34 declined and two were unchanged.Major gainers in the main market include Ooredoo, Doha Insurance, Lesha Bank, QNB, Qatar Islamic Bank and Industries Qatar. Nevertheless, more than 64% of the traded constituents were in the red with major losers being Widam Food, Dlala, Baladna, Qatar German Medical Devices, Mannai Corporation, Meeza, Gulf International Services, Estithmar Holding, Qatar General Insurance and Reinsurance, QLM, Vodafone Qatar, Gulf Warehousing and Nakilat.In the venture market, Techno Q saw its shares depreciate in value. The Gulf institutions turned net buyers to the tune of QR5.35mn compared with net sellers of QR1.75bn the previous day. However, the foreign funds turned net sellers to the extent of QR3.78mn against net buyers of QR1.45bn last Thursday.The Arab individuals were net sellers to the tune of QR6.43mn compared with net buyers of QR9.5mn on November 20. The foreign retail investors turned net profit takers to the extent of QR5.25mn against net buyers of QR1.86mn the previous day. The local retail investors’ net buying decreased substantially to QR4.88mn compared to QR143.08mn last Thursday.The domestic institutions’ net buying weakened significantly to QR4.4mn against QR142.35mn on November 20. The Gulf individual investors’ net buying eased perceptibly to QR0.84mn compared to QR1.39mn the previous day.The Arab funds had no major net exposure for the fifth straight session. The main market saw a 68% contraction in trade volumes to 95.79mn shares, 90% in value to QR258.82mn and 55% in deals to 14,730. In the venture market, a total of 0.03mn equities valued at QR0.06mn changed hands across six transactions.

Forbes Middle East has ranked Doha Bank Group CEO Sheikh Abdulrahman bin Fahad bin Faisal al-Thani as “the second most powerful banking executive in Qatar” in its annual Top 100 CEOs in the Middle East 2025 list.The ranking celebrates executives who demonstrate exceptional leadership, drive innovation, and shape the region's business landscape. The recognition reflects Sheikh Abdulrahman’s visionary approach to banking and his leadership in positioning Doha Bank at the forefront of digital innovation in Qatar's financial sector.Under his guidance, the bank has pioneered industry-first initiatives, including Qatar’s first mobile app for Letter of Guarantee services, reinforcing its commitment to delivering cutting-edge solutions that serve evolving customer needs.Forbes Middle East’s Top 100 CEOs list profiles the region’s most influential business leaders at the helm of major corporations, acknowledging those who set new standards for excellence, navigate complex markets, and drive sustainable growth across diverse industries.Sheikh Abdulrahman said: “This recognition reflects the dedication of our teams and the trust of our clients. At Doha Bank, we are committed to advancing digital banking, operational excellence, and delivering solutions that support Qatar's economic vision. Being acknowledged by Forbes Middle East reinforces our commitment to setting new benchmarks in the banking sector and serving as a forward-thinking financial institution.”The ranking adds to Doha Bank’s growing list of prestigious industry awards, reaffirming its position as one of Qatar’s leading financial institutions and a trusted partner in driving innovation and excellence in the region's banking sector.

Qatar Islamic Bank (QIB) has been recognised with three prestigious awards at The Asset Triple A Islamic Finance Awards 2025.The bank was awarded ‘Best Islamic Bank for Digital Innovation’, ‘Best Islamic Digital Banking Solution for Car Financing’, and ‘Best Islamic Digital Banking Solution for Financial Inclusion’, reaffirming its continued leadership in digital banking.With over 83% of QIB’s retail customers now actively using the bank’s digital channels, and 99% of financial transactions completed digitally, the Bank continues to lead the industry in digital adoption.Recognised as the ‘Best Islamic Bank for Digital Innovation’, QIB has set a benchmark in digital banking through its mobile-first strategy and continuous enhancements to the award-winning QIB Mobile App.Now offering more than 320 integrated features, the QIB Mobile App enables customers to access a wide range of retail banking services, including real-time onboarding, instant personal finance, credit card issuance, and more.Additionally, this recognition highlights QIB’s customer-centric approach and commitment to enabling the bank’s corporate customers. Through a suite of tailored, Shariah-compliant digital solutions, including digital onboarding, Corporate Internet Banking, the QIB Corporate App, and co-branded credit cards with Ooredoo, QIB has simplified business banking.The bank also offers a comprehensive range of payment services, such as POS terminals, Payment Gateway, and QIB SoftPOS App, empowering SMEs to manage finances, improve liquidity, and scale sustainably.The ‘Best Islamic Digital Banking Solution for Car Financing’ award recognises the QIB Auto Marketplace, the first fully integrated, in-app car purchase and financing platform in Qatar. Accessible exclusively through the QIB Mobile App, the Marketplace features a diverse and growing selection of renowned automotive brands through an expanding network of dealer partners, enabling customers to browse vehicles, compare options, book test drives and complete financing applications digitally, delivering a fast, transparent and truly branchless journey from selection to ownership.The award for ‘Best Islamic Digital Banking Solution – Financial Inclusion’ acknowledges the QIB Lite App, Qatar’s first simplified, multilingual mobile banking experience tailored to underserved communities. Available in eight languages, QIB Lite offers a seamless, branch-free journey and enables quick self-registration, instant payments, affordable transfers, bill settlement, and intuitive account and card management. With an instant Salary Advance available for eligible customers, QIB Lite reflects the bank’s commitment to inclusive innovation and empowering every customer to manage their finances with ease and confidence.Constantinos Constantinides, QIB Chief Strategy & Digital officer, said: “We are pleased to receive these awards from the Asset, which reaffirm our leadership in digital innovation and our commitment to inclusive, customer-centric banking.“Building on the trust of our customers and the dedication of our team, we continue to expand access and deliver secure, smarter ways to bank through the QIB Mobile App, Corporate App and QIB Lite App, inviting our customers to expect more from QIB as we continually elevate their digital banking experience.”Marking its 25th anniversary, the Asset Triple A Islamic Finance Awards is highly regarded within the financial sector as one of the most prestigious recognition programmes, celebrating institutions that exemplify outstanding performance in Islamic banking.For further information, visit www.qib.com.qa

His Excellency Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of the Qatar Central Bank, met today, Monday, 6 October 2025, with the Piyush Goyal, Minister of Commerce & Industry of the Republic of India. During the meeting, they discussed bilateral relations between the two countries in banking and finance and explored ways to further strengthen cooperation.

His Excellency Governor of the Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani met on Sunday with the Ambassador of the Arab Republic of Egypt to the State of Qatar Walid Elfiky. During the meeting, they discussed bilateral cooperation relations in banking and finance and the means of consolidating them.

Qatar Islamic Bank (QIB) has made enhancement to its flexible certificate of deposits (Flexi CD), aligning the offering with sustainable finance principles to support green and socially responsible projects.The enhanced Flexi CD continues to offer attractive returns and flexibility while contributing to a positive environmental and social impact.Funds invested in Flexi CD will now be directed towards financing sustainable initiatives – including clean energy, pollution control, green buildings, education and healthcare; thus, offering customers a way to grow their savings, while supporting a sustainable future.Flexi CD is a flexible investment ‘Mudaraba’ product, allowing retail customers to collect profits at the end of each quarter and make early and partial redemptions during the tenor of the deposit.In the event of early redemption, the remaining balance will continue to earn the same expected profit rate. These certificate of deposits can be booked instantly and securely through the QIB mobile app.Flexi CD holders can apply for financing up to 100% of the deposit value, with a financing tenor equivalent to the CD maturity. The minimum subscription is QR100,000 or $25,000.Flexi CD is designed to promote long-term savings and offer attractive annual returns based on currency and tenor. They are available in both Qatari riyal and US dollar, with 1, 2, or 3-year tenors."The enhanced Flexi CD allows customers to grow their savings while contributing to sustainable development, aligning with our long-term commitment to responsible banking. This move is a natural progression of our product strategy meeting the evolving expectations of our stakeholders. It reflects QIB’s role as a forward-thinking financial institution committed to driving positive change," said D. Anand, QIB’s General Manager – Personal Banking Group.