Qatar Islamic Bank (QIB) has prolonged its gesture of goodwill and appreciation to the frontline employees combating Covid-19 with the introduction of particular Certificates of Deposit.
The brand new Certificates of Deposit are supplied solely to the frontline medical and police workforces of the Ministry of Inside, Ministry of Public Well being, Hamad Medical Company, Main Well being Care Company, Sidra Drugs, Al-Ahli Hospital, American Hospital Doha and volunteers. Prospects can instantly request a Certificates of Deposit by way of QIB’s 24/7 name centre.
QIB has developed the certificates to assist prospects improve their long-term financial savings. The brand new certificates have a vast most quantity, with a minimal quantity of QR5,000 and additional multiples of QR5,000. The certificates additionally supply unique return permitting the frontline workers to profit from a better anticipated revenue price.
D Anand, basic supervisor, Private Banking at QIB, stated: “We at QIB realise our function in supporting the folks of Qatar. There isn’t any doubt that Covid-19 has impacted quite a few sides of our neighborhood.
“On daily basis, Qatar’s frontline medical and police personnel face uniquely difficult conditions whereas working tirelessly to guard the neighborhood from the unfold of Covid-19. The introduction of QIB’s specialised Certificates of Deposit is our token of appreciation and gratitude for our neighborhood heroes. That is QIB’s approach of claiming thanks.”
He continued: “These certificates represent our commitment to offer customers added value and convenience through financial products that foster a saving culture in Qatar. A remarkable benefit of this exceptional offer is that it provides customers with the opportunity to grow their funds safely throughout the duration of the certificates.”
The brand new Certificates of Deposit for frontline workers will likely be out there by calling 44448444 and, quickly, will be availed on the QIB cell app.
Certificates of Deposit are absolutely Shariah-compliant and earnings incurred will likely be distributed to prospects each quarter. The holder can also be in a position to apply for financing as much as 95% of the Certificates of Deposit quantity, with financing tenor equal to the certificates maturity.