Posted on : Sun, 25 July 2010

Doha, 25 July 2010 - QNB Al Islami, the Islamic banking arm of Qatar National Bank (QNB), announced the official opening of a new branch in Al Shamal city.

With the opening of this new branch, QNB Al Islami's branch network now increases to 13 branches and offices, including an international branch in Sudan. QNB Al Islami’s network is further complemented by QNB's local network of 44 branches and offices including 3 mobile branches, as well as a network of more than 160 ATMs, which makes it the largest banking network in Qatar.

QNB Al Islami offers an innovative range of modern Islamic banking products and services which are certified by the Bank’s eminent Shari'a Advisory Board. These include retail and corporate services in addition to various other Shari'a-approved financing solutions.

Among the products available at the Al Shamal branch are Current Accounts, Call Investment Accounts, Savings Investment Accounts, Fixed Investment Deposits, and Domestic Murabaha Finance for vehicles and goods.

QNB Al Islami has been very active in the Islamic banking industry since inception in 2005, when it became the first Islamic financial institution to be established by a conventional bank in Qatar, with a leading market share amongst the Islamic windows of conventional banks.

The Bank has over the years built a reputation for innovation in Islamic financial services and has launched many innovative solutions for its customers, including electronic banking services which are offered via the eazylife platform and S@hl, the corporate eBanking portal of the Bank.

The eazylife suite of banking solutions comprise primarily of consumer applications tailored to help customers conduct their banking at home, at the office or on the move.

QNB Al Islami is also the only bank in Qatar to offer an Islamic co-branded credit card in association with MasterCard and Qatar Airways. This card provides customers with the fastest way to earn Qmiles, the reward points of the airline's loyalty program.