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QIB the first Islamic Bank in the world to introduce Instant finance through the App
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QIB the first Islamic Bank in the world to introduce Instant finance through the App

28/11/2018, Doha,Qatar

QIB the first Islamic Bank in the world to introduce Instant finance through the App

Qatar Islamic Bank (QIB) has officially announced the launch of ‘Instant Financing’ – the fastest and simplest way to obtain personal financing in Qatar. This innovative and fully-digital new feature allows pre-approved customers to get additional personal financing in a few clicks through QIB’s award-winning Mobile App. QIB is proud to be the first Bank in Qatar to offer a full digital experience to provide financing to its customers and the first Islamic Bank in the world to provide such an end-to-end fully digitized service.

The service enables existing customers of the Bank to get top up financing instantly, in a completely paperless and digital manner without the need to visit the branch. Eligible customers receive an SMS and/or a notification through their QIB Mobile App. The customers can then follow the simple instructions to enjoy the finance transferred to their account within minutes from the comfort of their home or office in Qatar or while traveling abroad.  Within a few simple steps, they can choose the finance amount, confirm all the finance details, e-sign the required documents, receive instant approval and have the finance amount credited into their account immediately.

Commenting on this new milestone for the Bank, QIB’s Personal Banking Group General Manager, D. Anand stated: “The purpose of our ‘Instant Financing’ is to cater financing needs of our customers anywhere and anytime and to provide smooth and paperless customer experience throughout their journey. For our first campaign, we had customers applying for the personal financing from inside and outside of Qatar. Most importantly, our Mobile App allowed them to complete the journey on average within minutes, without paperwork and need of physically visiting a branch or talking to a Bank representative”.

“With this launch, QIB has set a new benchmark in the banking sector in Qatar and the region. We will continue to invest in technology to meet our customers’ expectations and facilitate their daily experiences within the current global shift to a digitalized world” concluded D. Anand.

In the coming months, QIB will introduce additional enhancements to the instant personal financing service to constantly improve customer experience.

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