Qatar Islamic Bank Opens New Branch at Place Vendôme

Qatar Islamic Bank “Al Masraf”, the pioneer of digital banking in Qatar, announced the opening of a new branch in Place Vendôme, the most luxurious shopping destination in Qatar.

With the opening of its new branch, the bank expanded its presence in Qatar to be closer to customers in parallel with continuing to develop its digital channels to provide an integrated banking experience to its customers through a network of branches spreads all over Qatar and more than 140 digital services available through its digital channels, customers can easily reach the branch by heading to Gate No. 2, on the first floor.

The branch operates throughout the week from Saturday to Thursday from 9 am to 2:30 pm, and from 3:30 pm to 9 pm, while it works on Fridays from 4 pm to 9 pm.

Despite the abundance and diversity of electronic and digital banking services, there is still a demand for personal banking services as customers prefer dealing with employees to complete specific banking transactions. Where the bank uses digital technology to complement and enhance its experience in the branches by integrating digital channels and direct dealing, which provides an easy and fruitful experience in order to facilitate the account opening process for its customers.

Customers who visit the bank's branches can apply for instant financing and a credit card from the branch and complete the procedures through the bank's mobile application.

As new customers, they can open an account electronically through the application, visit the nearest branch of the bank to submit original documents, and sign to activate the bank account. It is also possible to benefit from the branch’s self-service around the clock, seven days a week, and it is equipped with the latest ATMs for cash withdrawal, cash deposit, and deposit checks.

Commenting on the opening of the new branch, Mr. Anand, General Manager of Retail Banking Group: “We are pleased to announce the opening of our latest branch, which is characterized by innovative design and the latest services, to improve our relationship with our customers, as we provide them with distinguished banking services, as well as our endeavor to expand the scope of our services in the local market and support economic development in Qatar.

He concluded: “We believe in the value of personal interaction in the banking experience with our customers, in order to serve them and strengthen relationships with them. Therefore, we offer all our customers a mixture of personal and digital experiences to meet their needs, as branches remain important to communicate with the bank and consult with relationship managers.”

We have invested in innovative technology as part of the bank’s journey towards complete digital transformation, as digital innovation remains our main driver in designing customer-centric banking products and services.”

It is worth mentioning that Qatar Islamic Bank “Al Masraf” was established in 1982 as the first Islamic financial institution in Qatar. Its operations are supervised by a Sharia board that ensures that the bank abides by the rules of Islamic finance, and the bank is considered the largest Sharia-compliant lender in Qatar.