Name of the Organization : Qatar Islamic Bank
Type of Facility : Apply For Personal Finance
Country : Qatar
Website : http://www.qib.com.qa/en/personal/financing/personalfinance.aspx
Apply For Personal Finance
QIB is proud to introduce a Shari’a-compliant Personal Finance program that helps you in getting what you need or aspire; whether you want to refurbish your home, get married, plan your vacation or any urgent need, our Personal Finance solutions can help you in achieving all your needs.
Related : Qatar Islamic Bank Current Account Opening Procedure : www.statusin.org/5981.html
In addition, QIB’s payment program “Sadad” gives you the opportunity to buy out your liabilities from other banks, to organize your financial needs and simplify your payment obligations transparently in one fixed installment over an agreed period of time.
Features and Benefits:
** Shari’a-compliant
** Competitive profit rate
** Three months grace period
** No administration charge
** No guarantor required
** Quick approval from the first visit
** Fixed monthly installments with fully-transparent service
** Takaful insurance covers the finance
** Ability to buy-out liabilities from other banks
** Direct sales team to serve you around the clock
Conditions/Eligibility:
| Eligibility | Qatari National | Resident |
| Maximum Finance Amount (Including profit rate) | QR 2 Million | QR 400,000 |
| Minimum Salary | QR 5,000 | QR 5,000 |
| Maximum Monthly Installment per month | 75% of the Basic Salary and social allowance | 50% of the total Salary |
| Age between | 18 – 65 | 21 – 60 |
| Minimum Finance Amount | QR 15,000 | QR 15,000 |
| Employer Status | Company must be approved and accredited by QIB | Company must be approved and accredited by QIB |
| Employment Status | Confirmed | Confirmed |
Required Documents:
Salary certificate
Valid ID for Qataris, residency permit and passport for expats
In case of buyout liability, the following are required:
Liability letter from the bank addressed to QIB
Six months of bank statements
Apply Now:
Visit your nearest branch
Click here to apply : http://www.qib.com.qa/en/useful-tools/applynow.aspx?hdn_productname=Finance
Call us at 44448444
UK Home Finance :
** QIB understands that you may have many reasons for wanting to own property in London, whether you are studying abroad, traveling for business, living overseas while receiving medical treatments, or simply visiting for leisure. No matter what your reasons are, QIB can help you find a home away from home in London.
** We are proud to introduce a new way to purchase residential property in London. You may now finance the purchase of buy-to-live properties in London directly through QIB in Qatar.
** This programme is available for Qatari nationals who are none residents of the UK.
Features and Benefits :
With QIB financing solutions, you can now own your property in the United Kingdom while getting the finance from Qatar.
** Real estate finance for your buy-to-live property in the UK
** Finance tenure up to 15 years
** Financing up to 70% of the property value
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).