Doha, Qatar : Qatar Islamic Bank (QIB), a leading digital bank in Qatar, announced an exclusive partnership with Alfardan Automotive, one of the oldest automotive groups in the country. This partnership aims to offer a tailored auto finance program across all Alfardan Automotive brands, reflecting both parties' commitment to innovation, quality, and delivering customer-centric banking experiences . The agreement was signed at a ceremony held at the BMW West Bay showroom in Alfardan Towers, attended by representatives from both QIB and Alfardan Automotive .

Under this partnership, customers will be able to benefit from Sharia-compliant financing solutions to acquire their preferred vehicles from leading global brands, including Rolls-Royce, Ferrari, Aston Martin, Maserati, BMW, Jaguar, Land Rover, Mini, Fiat, Alfa Romeo, and Abarth. The program features exclusive profit rates, flexible repayment periods, comprehensive takaful coverage, a grace period of up to 12 months, and a free bank credit card for the first year, ensuring an exceptional ownership experience with luxurious standards .

As part of the bank's ongoing efforts to enhance the digital transformation of the auto financing experience, customers can now explore all Alfardan Automotive dealerships through the online car store available on the bank's mobile app. With a few simple steps, users can browse vehicles, compare specifications, book test drives, and obtain financing instantly, all within a fully integrated digital platform .

This initiative confirms the bank’s leadership as the first bank in Qatar to provide a fully integrated digital car buying journey, combining competitive profit rates, fast approvals, and easy digital processing, along with a distinctive personal experience inside the showrooms .

On this occasion, Mr. D. Anand, General Manager of Retail Banking at the bank, said: “Our exclusive partnership with Alfardan Automotive represents a new milestone in the luxury car financing sector in Qatar. By combining the bank’s digital leadership and expertise in Sharia-compliant financing with Alfardan Automotive’s prestigious offerings, we are setting a new standard for ease and innovation. Through the online car store and in-showroom integration, customers can enjoy a faster, easier, and more valuable journey, from selection to delivery . ”

Mr. Hussein Omar Al Fardan, Chief Marketing Officer at Al Fardan Automotive, commented: “We are delighted to collaborate with Qatar Islamic Bank, a leader in digital banking, to provide a seamless and transparent financing experience for our customers. Whether in showrooms or via the bank’s mobile app, customers enjoy flexibility, speed, and peace of mind, reflecting Al Fardan Automotive’s ongoing commitment to delivering excellence in every driving journey.”

As a trusted partner to leading local and international automotive brands, Alfardan Automotive continues to elevate the automotive market through its distinguished global dealerships and its commitment to providing the highest levels of customer service . Its collaboration with Qatar Islamic Bank further enhances its ability to offer a seamless, modern, and specialized buying experience .

For more information, please visit www.qib.com.qa

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