Qatar Islamic Bank : Current Account Opening Procedure

Name of the Organization : Qatar Islamic Bank
Type of Facility : Current Account Opening Procedure
Country : Qatar

Website : http://www.qib.com.qa/en/personal/accounts/currentaccounts.aspx

Current Account Opening Procedure :

A current account is a call deposit for individuals. It allows for cash withdrawal and deposit, and send/receive transfers during working hours.

Related : Qatar Islamic Bank Apply For Infinite Card : www.statusin.org/5982.html

Your account can be accessed all day through our many banking channels, including ATMs, online banking, Mobile banking, and SMS banking. You can open the account in all major currencies such as QAR, GBP, EURO, and USD.

Features & Benefits:
** Balance can be accessed any time
** Enables carrying out all types of transactions (Withdrawal, Deposit and transfers)
** Enables you to request Cheque book
** Free e-Statement (Daily, Weekly, Monthly)
** Free Phone Banking services
** Free Internet Banking services
** Free Mobile Banking (You can download the QIB Mobile app that matches your mobile device)
** Free Visa electron (first year) which enables drawing from bank ATMs and the NAPS network, in addition to from teller machine all over the world that are authorized by Visa International
** Execution of transaction through any of the bank branches
** Conveyance of standing order for payment without physical presence
** Automated debit of monthly installment
** Confidentiality and utmost secrecy

Conditions/Eligibility:
** You must be at least 18 years old
** Minors can open accounts through a legal custodian.

Required Documents:
You can apply at the nearest branch by filling out a form, supplying your signature (on the signature card)
** Copy of your ID (for Locals & Expats)
** Copy of Passport (for Expats)
** Your employer certificate

Transparency is one of QIB’s key values; we believe that you should be fully aware of our tariff of charges. Therefore, we urge you to review regularly our published tariffs.

Time Deposit Accounts :
This is an investment account in which funds are accepted as term deposits with different investment periods.

QIB manages and invests the funds on Islamic Mudaraba basis aiming at realizing the best profit for the mutual interest of the parties.The terms of deposit are one month, three months, six months, one year, 3 years and 5 years.

Features & Benefits :
** Time Deposits are available in different major currencies such as (QAR, USD, Euro and GBP)
** Option to select the duration of your choice: 1 month, 3 months, 6 months, 1 year, 3 years or 5 years

** Returns are Shari’a-compliant
** High returns on deposits
** Returns distributed quarterly

** Deposit is automatically renewed unless instructed otherwise
** No fees on locking deposit and it remains at disposal
** You may be eligible for bank financing and entitlement to a credit card guaranteed by the deposit

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).