Published: Jun 18, 2014
Source: Peninsula Qatar

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Alfardan Automobiles, QIB ink pact

Alfardan Automobiles, the official BMW Group importer in Qatar, yesterday announced that it has signed exclusive partnership with Qatar Islamic Bank (QIB), to provide Islamic Finance solutions to their customers.

The agreement took place at a signing ceremony at the Alfardan Automobiles West Bay Showroom between Mohammed Kandeel, Chief Operating Officer of Alfardan Group – Automotive Division and D Anand, General Manager, QIB’s Personal Banking Group.

“We always seek out new ways to help make owning of a BMW vehicle easier for our customers. The signing of the agreement with QIB is important because for the first time ever we are able to offer exclusive Islamic Finance solutions to our customers through one of the premier financial institutions in the State of Qatar,” said Mohammed, Kandeel.

D Anand said that the agreement provides added value benefits to both QIB and Alfardan Automobiles’ customers. “This strategic tie-up is yet another proof of our on-going strategy to strengthen our position as the leading Bank in providing Shari’a compliant financing solutions,” he said.

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