Doha, Qatar: Qatar Islamic Financial institution (QIB) has introduced the launch of its Auto Finance promotion for brand new and present clients in search of to buy a automobile or electrical automobile. The brand new promotion will provide financing choices with particular revenue charges and advantages throughout the holy month of Ramadan with further incentives to encourage clients to buy Electrical automobiles as a part of QIB’s Sustainability technique.
According to QIB’s dedication to sustainability and with the rising demand of environmentally pleasant selections, QIB has launched Inexperienced Automobile Financing to advertise environmental consciousness, clear power, and non-carbon emissions aligned with the targets of Qatar Nationwide Imaginative and prescient 2030, the Nationwide Technique for the Atmosphere and Local weather Change and the United Nations Sustainable Growth Objectives.
The particular Auto Finance promotion will provide clients unique advantages together with aggressive revenue charges ranging from three.65% (1.91% flat) on automobiles, and three% on electrical automobiles. Furthermore, clients making use of for Auto Finance will obtain a free bank card for the primary 12 months, along with a complete insurance coverage fee at 1.eight%, in addition to a three month’ grace interval from the finance tenure for Qatari nationals, and as much as 2 months grace interval for residents.
QIB has partnered with a wide range of automotive sellers and types to supply particular financing offers on new autos throughout Ramadan. Clients will be capable of buy automobiles in addition to electrical autos from a wide range of distinguished producers beneath aggressive and equitable financing preparations.
The promotion will run till 31st Might 2022 and is offered for brand new and used automobiles from approved sellers, for present and new to QIB Clients, and for each Qatari residents and residents.
Commenting on the launch of the brand new promotion, Mr. D. Anand, QIB’s Common Supervisor – Private Banking Group, mentioned: “We’re proud to be giving again to the group throughout Ramadan, providing unique and extremely aggressive auto financing offers. Our workforce has in depth native market data and robust relationships with native dealerships to higher serve new and present clients and assist them buy their dream automobile.”
D. Anand added: “The brand new promotion reiterates our ongoing efforts to additional combine sustainability and encourage sustainable practices. We’re continuously rising our funding in revolutionary and inexperienced services, as a part of our customer-centric technique spurred on by demand from as we speak’s environmentally acutely aware client.”
QIB has launched its first sustainability report in 2021, according to Qatar Nationwide Vison 2030 and the just lately launched Nationwide Technique for the Atmosphere and Local weather Change. The report highlights QIB’s efforts to contribute to the accomplishment of worldwide sustainable improvement objectives and highlights the Financial institution’s achievements in implementing Environmental, Social and Governance (ESG) requirements.
The Financial institution’s sustainability framework consists of 5 pillars, essential for supporting its aim in contributing to the expansion of Qatar and to the nation’s sustainable improvement sooner or later. The 5 pillars are Sustainable Finance, Accountable Banking, Governance, Ethics & Danger Administration, Empowering QIB’s Folks and Constructive Group Impacts. These pillars and their corresponding matters replicate the Financial institution’s strategic priorities to allow sustainable progress whereas delivering an impressive buyer expertise.
For extra info, please go to www.qib.com.qa