Name of the Organization : Qatar Islamic Bank
Type of Facility : Get Your IBAN
Country : Qatar
Website : http://www.qib.com.qa/en/personal/accounts/international-bank-account-number-iban.aspx
Get your International Bank Account Number :
We are pleased to inform you that QIB is in the process to implement the International Bank Account Number (IBAN) standard for numbering of customer bank accounts effective beginning of 2014 as per the directive issued by the Qatar Central Bank.
Related : Qatar Islamic Bank Current Account Opening Procedure : www.statusin.org/5981.html
Introduction:
The International Bank Account Number (IBAN) is an internationally agreed means of identifying bank accounts across national borders with a reduced risk of propagating transcription errors.
IBAN is an expanded version of your Basic Bank Account Number used internationally to uniquely identify your account at any financial institution around the world.
The adoption of IBAN in Qatar is to facilitate Straight Through Processing (STP) of Electronic Payments by minimizing delays and extra costs associated with incorrect account numbers. IBAN implementation will help in bringing more efficiency in remittance related transactions. We have simply created an IBAN for your existing account number using the ISO standard format.
IBAN Benefits:
Higher Quality:
** Faster credit
** Input errors recognized immediately
** Lower rejection and delay of transactions
** Minimizing delays and extra costs associated with incorrect account numbers
Quicker Processing:
** Bringing more efficiency in remittance related transactions
** To facilitate Straight Through Processing (STP) of Electronic Payments
** Less filtering
** Faster throughput times
Get Your IBAN:
You can get your IBAN details by reaching:
** Your account statements / e-Statement
** Your internet banking account – under the Account Details menu item
** QIB Mobile Application
** Call Centre 44448444
Where is IBAN Required:
Effective beginning of 2014, it is compulsory to use your IBAN for the following local & international electronic payments.
** Receiving an electronic payment from a bank within or outside Qatar
** Sending an electronic payment to a bank within Qatar
** Sending an electronic payment to a bank in a country that has adopted IBAN
Kindly communicate the IBAN & SWIFT Code (BIC) mentioned in your bank statement to parties from whom you receive and expect to receive electronic payments, both in Qatar & abroad. There is a requirement to advise those parties well in advance to quote your IBAN in electronic payments from beginning of next year
About Us :
Qatar Islamic Bank (QIB) was the first Islamic bank to start operating in the country in 1982 and it is still the largest today: The Bank currently holds 42% share of the Islamic banking sector and approximately12% of the total domestic banking sector.
As of end June 2017, the total Shareholders’ Equity of the bank amounted to QAR 14.3 billion (3.93 billion US Dollars) with total assets reaching QAR 147 billion (40.35billion US Dollars).
Contact Us :
Qatar Islamic Bank (QIB)
Head Office
(Grand Hamad Street)
Tel: 44409409 Fax: 44412700
P.O.Box: 559 Doha, Qatar