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QIB-UK: Convenient Solutions for London Travelers

QIB-UK: Convenient Solutions for London Travelers

05/07/2017, Doha,Qatar

With an increase of Qatari interest in Britain, QIB-UK, a wholly owned subsidiary of QIB Group, has been working closely with its parent company to develop solutions that suit the financial requirements of its customers.

Using the QIB-UK debit card, customers seeking to explore Britain for tourism, education, or investment opportunities can enjoy several benefits including access to all ATM machines in the UK 24/7 and a high limit on spending, up to £15,000 daily including £3,000 in cash withdrawals. The Debit card is in local currency (GBP) allowing QIB customers to access and use their money without paying foreign exchange charges or any other Visa fees on international purchases and cash withdrawals.

Through its Private Banking relationship management team, with the support of product specialists in real estate finance, and treasury, the Bank delivers tailor-made solutions which address the financial needs of its customers, whether they are based in the UK full-time or are there for a visit. QIB UK multi-currency current, savings, notice and Wakala deposit accounts offer highly competitive rates and are all Shari’a compliant. In addition, QIB UK offers its clients the option of depositing their Qatari Riyals (QAR) in cash.

QIB-UK has recently received official licensing to directly provide Sharia-compliant Murabaha Facilities for London properties which are intended for own use. This new product enables QIB-UK to finance a buy-to-live property as well as refinance customers’ existing properties in London. The new license that the Bank has gained is coupled with an existing experienced property search service that puts the customer’s best interest first. QIB-UK’s in-house property specialists, who have a long experience in the London property market and an in-depth knowledge of the current market trends, will be dedicated to support customers finding the right property quickly and conveniently.

QIB-UK’s residential investment financing product has been designed to offer tailored financing solutions to astute clients who deserve distinguished customer care, competitive pricing and security of execution. In addition, the Bank offers a full suite of Shari’a compliant structured commercial real estate financing products including investment, residential development and mezzanine financing to clients.

“We understand our clients’ needs at home and around the world and this has established a high level of trust between us, one that we aim to continue building,” said Duncan Steele-Bodger, Chief Executive Officer of QIB-UK. “Our range of Sharia-compliant products and services delivered by a team of experts, were created to enhance our clients’ banking experience in the UK, one of the world’s most important countries in the global financial markets, and an attractive tourism destination to many of our clients.”

QIB-UK’s location in the heart of London’s affluent Mayfair district, at 43 Grosvenor Street, reflects the Bank’s commitment to its UK business, dedicated to serving its high net worth clients from a centrally-located headquarters. Grosvenor Street is internationally recognized as one of London’s most prestigious office locations, covering a broad range of leading international enterprises. For more information on the services offered, please visit: www.qib-uk.com or call +442072687200.

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