Posted on May 03, 2018

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, received the “Best Prepaid Product in Qatar” award from Visa for its reloadable Prepaid Card. The card has been receiving excellent feedback from its users since its launch back in November 2017.

Instantly available at any QIB Branch, the Prepaid card caters to customers allocating money to family members, including children studying abroad, and domestic helpers responsible for the daily household expenses and groceries. The card can also be used by corporate entities to manage the daily company expenses, bills, government fees or general expenses of their employees. The Prepaid card encourages proper expense management and allows customers to monitor their spending whether it is personal or business-related. The prepaid card also enables customers to reload it instantly through QIB Mobile App, internet banking, call center or any QIB branch.  

Commenting on the Best Prepaid Product Award, Mr. D Anand, General Manager of the Personal Banking Group, said, “We would like to thank Visa for this recognition. This represents the prestigious position that QIB has achieved in terms of offering the best Sharia-compliant payment solutions to the people of Qatar.” He added, “Every Bank considers and answers to its customers’ financial needs, and what sets QIB aside is that we anticipate the needs and promptly create innovative products that meet those aspirations. Our Bank fully understands its customers and is always striving here to exceed their expectations.”

Shahebaz Khan, Visa’s Country Manager for Qatar, said: “We are delighted to present this award to QIB for their Prepaid Card, which is helping drive Prepaid usage in Qatar. It is well-suited for a wide range of consumer and commercial needs, and as with any prepaid card, not only is this product safer than cash and accepted worldwide at over 46 million merchants, but it is also an effective way to manage and track spending.” Customers can load and reload the Prepaid Card with any amount between QR 200 to QR 25,000 and use the card for POS and online purchases only. These Cards are issued instantly from any QIB branch, with individual customers being able to issue up to 10 prepaid cards linked to their QIB Accounts while corporates can apply for as many cards based on their business needs. The cards, which are valid for 5 years, can be personalized and are available to all QIB customers.

For more information about the prepaid card, please visit www.qib.com.qa

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