DOHA: Qatar Islamic Bank (QIB), country’s leading Shariah-compliant banking services provider, announced yesterday the launch of a new salary transfer promotional campaign—‘Free for One Year’.

Under the scheme QIB is offering customers up to 12 months profit-free financing when they transfer their liabilities to the Bank. Customers opening new salary accounts with QIB until end of December, will also receive Absher points equivalent to their salaries, redeemable online for any airline bookings, global hotels and car rental, thousands of electronic products, and other products and services.

Furthermore, customers who transfer their salaries to QIB are also eligible for a free QIB credit card for the first year, with flexibility to pay monthly only 5 percent of the total outstanding amount.

Under the campaign, customers will thus get double benefit; profit-free period on their new finance plus Absher Points on opening new salary transfer accounts.

D Anand, General Manager, Personal Banking Group, said: “Our valued customers are the core of QIB, and salary transfer campaigns encourage new customers to explore QIB for comprehensive banking solutions to cover all their financial needs.”

Upon transferring their salary to QIB, customers will be eligible for a variety of financial products and services, enjoying a premium banking experience under one roof.

They will be instantly issued debit cards and receive 24×7 access to their accounts via internet and mobile banking. Their first cheque book will be provided free of charge.

“Along with the multiple rewards offered during this campaign, customers will also enjoy great benefits and a suite of products and services to help them build a bright financial future. The process of opening a new or transferring an existing salary account is fast and easy, and we are very much looking forward to welcoming new customers to QIB with this exciting promotion,”Anand added.

Key product categories available for all customers include personal, car or home finance to meet their immediate financing needs as well as a full suite of savings accounts, term deposits and takaful solutions to support any future plans. A variety of credit and charge cards to fit different spending habits are available, including the recently introduced revolving credit card where customers can pay a minimum of 5 percent per month on their purchases while earning Absher rewards points for every riyal spent.