QIB-UK Introduction

Basic Information & Regulation

QIB-UK is a wholly-owned subsidiary of Qatar Islamic Bank (QIB, founded in 1982), the first Islamic bank in the UK, headquartered in London and established in 2008, offering private banking services and structured real estate finance, as well as a range of personal savings products.QIB (UK) is currently regulated by the FCA in the UK, and It holds a full license under its authority, regulatory number: 466577.

Personal Business

QIB-UK provides personal services such as time deposits, investment products, asset management, personal loans, home finance, auto finance, instant money management, Western Union, auto insurance, credit cards, prepaid cards, debit cards, and other services.

Personal Account

QIB-UK's personal account types are Current Account (capable of all types of transactions, including withdrawals, deposits, and transfers), Savings Account (daily balance return based on profit and loss sharing, quarterly profit distribution), Misk Account (can be opened using Qatari Riyals only, no minimum monthly fee, can be opened by any individual customer), Bedaya Account (special application for opening QIB Bedaya account (special application for opening a QIB account, free debit card), children's savings account (quarterly profit payments, free mobile, phone and internet banking services), time deposit account (deposit terms of 1 month, 3 months, 6 months, 1 year, 3 years and 5 years).

Wholesale Business

QIB-UK's corporate banking services include account and cash management, corporate internet banking, trade finance and services, bonds, financing solutions, payroll protection systems (WPS), payment solutions, remote deposit checking, etc. QIB-UK's Aamaly Business Banking products and services include Aamaly solutions, foreign exchange trading, etc. In addition, QIB-UK also offers co-branded corporate purchasing cards, co-branded corporate world cards, co-branded corporate elite cards, and corporate deposit card services.