QIB

QIB

Qatar Islamic Bank was the first Islamic financial institution founded in Qatar, established in 1982. As an Islamic bank, QIB is overseen by a Shari’a board that ensures it adheres to Islamic banking principles in all its dealings.

Reviews Rating
20%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
47%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Matt Crabtree
Senior Editor
Matt Crabtree
Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.
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Overview

First Glance

Qatar Islamic Bank was the first Islamic financial institution founded in Qatar, established in 1982. As an Islamic bank, QIB is overseen by a Shari’a board that ensures it adheres to Islamic banking principles in all its dealings.

Features

Contact Info

Email
info@qib-uk.com
Phone
44 20 7268 7200

About QIB

Qatar Islamic Bank was the first Islamic financial institution founded in Qatar, established in 1982. As an Islamic bank, QIB is overseen by a Shari’a board that ensures it adheres to Islamic banking principles in all its dealings.

QIB is the largest Shari’a compliant lender in Qatar and has more than 170,000 retail clients and 3,000 corporate clients. There are 32 branches in the country, plus dedicated women-only branches and lounges that serve only high net worth individuals.

QIB Products and Services

Personal banking customers can choose from a range of accounts including savings accounts, current accounts, term deposit accounts and a savings account designed for children. QIB also offers the Misk savings account, which rewards customers with prize draws to win money – customers get one entry in the draw for every QR 10,000 in their balance.

Corporate customers can choose from a product portfolio that includes:

  • treasury services
  • trade finance
  • bank accounts
  • cash management
  • financing

Private banking customers can use specialist, tailored cards designed for those with high net worth. The cards, a debit card and a credit card, include travel insurance, purchase protection, and access to more than 600 airport lounges around the world.

These private customers are assigned a dedicated relationship manager who handles their finances, and provides services including wealth management, investment advisory services, portfolio monitoring, asset allocation and research.

As an Islamic, Shari’a compliant bank, QIB also has dedicated branches and services designed for women. These services are designed to assist women with their everyday banking needs. All relationship managers in the Ladies Banking division are also female.

Tamayuz is QIB’s priority banking service – it offers a telephone and internet banking platform designed for customers who are too busy to bank in-branch. Tamayuz has a range of available accounts and cards tailored to the specific needs of demanding lifestyles.

The bank also offers Takaful, a range of Shari’a compliant insurance products.

QIB Security

Extensive cybersecurity information is freely available for QIB customers to read online. In the UK QIB is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.

QIB Bank Contact Details

43 Grosvenor St
Mayfair
London
W1K 3HL

Telephone: 020 7268 7200

Email: info@qib-uk.com

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QIB Reviews

Sana Nazakat
March 26, 2024

“Extremely disappointed. The branch in Dar Al Salam mall has to be the worst”

Extremely disappointed. The branch in Dar Al Salam mall has to be the worst. The staff there are rude and are misinformed about their own process. I wanted to open a savings account with them and took all required documents mentioned in their website. However upon reaching I was asked to submit a Salary certificate. A salary certificate is never required for a savings account and her justification was ” we want to know our customers better” Basically for them to decide if Im rich enough to open an account with them.
I went again with the certificate and was told directly to my face that my salary is less to be opening an account with them. You should respect each and every person with any salary packages. They are as hard working as you are. You are an expat in this country as well trying to meet your ends. Extremely disappointed with their attitude and discrimination against low salary earners.

One person found this helpful
Ahamed Jezooley
July 23, 2022

“Dar Al salaam branch worst customer service. Not family friendly One officer told to take the kids away”

Dar Al salaam branch
worst customer service.
Not family friendly
One officer told to take the kids away.

3 persons found this helpful