QIB launches new ‘instant finance against deposit’ feature on its mobile app

QIB launches new ‘instant finance against deposit’ feature on its mobile app

Qatar Islamic Bank (QIB) has announced that its innovative new ‘instant finance against deposit’ feature, a first-of-its-kind in Qatar, is now available on its award-winning mobile app.

QIB customers who have fixed or certificate of deposits with the bank can now avail of instant financing through the app backed by their deposits.

The new service, in addition to a host of market-leading services offered by QIB, makes it the first bank in the country to offer end-to-end instant financing against salary or against fixed deposit, a continuation of the bank’s extensive digitisation efforts, which aim to offer customers a bespoke, seamless banking experience through the bank’s mobile app.

With a few simple steps, eligible fixed or certificate of deposit customers can log in to their QIB mobile app and apply up to 100% of the deposit amount for instant finance. Customers can then follow the simple instructions to get the amount credited in their accounts within minutes from the comfort of their home or office.

D Anand, QIB general manager – Personal Banking Group, said: “We are happy to introduce this new service on our mobile app, which will provide our customers with even more convenience and much quicker access to