Qatar Islamic Bank (QIB) has entered into an exclusive partnership with Alfardan Automotive in order to redefine premium car ownership experience in Qatar.
The collaboration introduces a bespoke vehicle financing program across all Alfardan Automotive brands, reaffirming both organizations’ commitment to innovation, quality, and customer-centric experiences.
Through this partnership, customers can enjoy Shari’a-compliant financing to purchase their dream vehicles from leading global brands, including Rolls-Royce, Ferrari, Aston Martin, Maserati, BMW, Jaguar, Land Rover, Mini Cooper, Fiat, Alfa Romeo, and Abarth.
The program features exclusive profit rates, flexible payment tenors, a comprehensive Takaful rate, up to 12 months grace period, and a complimentary first-year QIB Credit Card, ensuring a truly premium ownership experience.
As part of Qatar Islamic Bank’s ongoing drive to digitalize the auto financing experience, customers can now explore Alfardan Automotive’s entire portfolio through the QIB Auto Marketplace available on the bank’s Mobile App. Within a few taps, users can browse vehicles, compare specifications, book test drives, and instantly secure financing, all within one integrated platform.
D Anand General Manager Personal Banking QIB Group
“Our exclusive partnership with Alfardan Automotive marks a new milestone in Qatar’s premium auto finance sector. By combining QIB’s digital leadership and Shari’a-compliant financing expertise with Alfardan’s prestigious offering, we’re setting a new benchmark in convenience and innovation. Through our Auto Marketplace and in-showroom integration, customers can now experience a faster, simpler, and more rewarding car ownership journey, from discovery to delivery.”
Furthermore, this innovation reinforces QIB’s position as the first bank in Qatar to deliver an end-to-end digital auto purchase journey, combining competitive profit rates, speedy approvals, and the convenience of digital processing with the personalized touch of showroom service.
Chief Marketing Officer at Alfardan Automotive, Hussein Omar Alfardan, said that, “We are delighted to partner with QIB, a leader in digital and Shari’a-compliant banking, to offer our customers an effortless and transparent financing experience. Whether at our showrooms or through the QIB Mobile App, customers can enjoy flexibility, speed, and peace of mind — perfectly aligned with Alfardan Automotive’s commitment to delivering excellence in every drive.”
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