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Jun 2020

Qatar: QIB introduces a suite of takaful products on mobile app

Source: Middle East Insurance Review | Mar 2020

Qatar Islamic Bank (QIB) has become the first bank in Qatar to offer takaful plans on its mobile app, enabling consumers to purchase the policies from anywhere, any time. QIB now has four types of takaful plans, underwritten by Damaan Islamic Insurance Company (Beema), on the app. 
Commenting on the new launch, QIB general manager – personal banking group D Anand said, “The QIB mobile app has become our customers’ preferred banking channel. It’s a digital one-stop-shop fulfilling all the banking needs of our valued customers. Our team continuously looks for innovative solutions that enhance the customers’ digital banking experience, ultimately enabling simpler, faster and more convenient banking services for our customers. With the latest development, we have created a marketplace for customers to buy a suite of third-party products and services such as Beema’s takaful plans through our app.”
Beema CEO Nasser Al-Misnad said, “Beema is delighted to participate in QIB’s digital journey. We have tailor-made our takaful products to suit QIB’s customers’ requirements, which we believe will be beneficial and cost effective. We are certain QIB will be able to enhance their customer satisfaction level with the updated app.” M 
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