QIB, the largest Islamic Bank in Qatar, has launched a new programme called Aamaly dedicated specifically to providing special services to the country’s small and medium sized enterprises (SMEs), offering them financial benefits, guidance and advice.
An exclusive launch dinner was held at The Four Seasons Hotel in Doha attended by QIB’s existing SME clients and stakeholders. Ahmad Meshari, QIB’s acting CEO informed the guests about the new service and stressed on the importance of QIB’s exclusive new programme that will support SMEs and goes in line with the Qatar National Vision 2030.
Basem Shahrouri, QIB’s Head of Business Banking spoke extensively about Aamaly programme and the benefits for SMEs that will include: dedicated relationship managers, special SME-centric banking centres, 24-hour banking, payroll services, cash and cheque collection, overnight vaulting and time deposits, together with flexible lending and financing options.
For the first time in Qatar, QIB has introduced specific sector-related packages to meet the different needs of SMEs starting with the key sectors of construction, trading and services, where they will be eligible to receive discounted fees for letters of guarantee, for bid bond guarantees in the construction sector; discounted fees for export letters of credit in the trading sector; and reduced rates for equipment & machinery financing, as well as preferential rates for payroll services in the services sectors. In addition, there are other features that SME clients can enjoy, such as free debit and credit cards, complimentary cheque books and discounted fees on transfers, as well as various other perks.
Acting CEO Ahmad Meshari, explained that the SME sector in Qatar is promising, and is expected to grow rapidly to play an important role in Qatar’s overall growth. QIB already enjoys a sizeable corporate and retail base and it also has a strong branch presence across the country to meet customers growing requirements”.
Concluding Basem Shahrouri, Head of Business Banking said, “QIB’s message is clear and unequivocal. By committing QR1 bn of funding to Aamaly, SMEs can be sure that they will get unprecedented attention and an unparalleled level of service so they can concentrate on their businesses, rather than worry about their financial requirements.
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