• About Us
    • Contact Us
    • Write for US
  • Terms
    • Newsletter
    • Affiliate Link Policy
    • DMCA
  • Privacy
  • Forums
    • African History
    • African Walk of Fame
  • Nyosake Ltd
    • Car Head
    • Business Today
    • Android News
    • Afrobays
    • The Sun
    • NS Sports
    • PodCast
    • Gadget
    • Travel
    • Play IT
    • Invest News
    • Start A Blog Easily Here
  • Advertise
Saturday, July 2, 2022
Nyongesa Sande
  • News
    • Africa
    • African Inventions
    • African History
    • Qatar
    • Politics
    • Counties
    • National
    • Health
  • How To
    • Made In Africa
    • Education
    • Facts
    • Science
  • Business
    • Sponsored
    • Real Estate
    • World Billionaires
    • Wealth
    • Advertisement
  • Apple
    • iPad
    • Artists
    • iPhone
    • Apple Watch
    • Mac Specs
    • Apple TV
  • Windows
    • Windows 10
    • Surface
    • PC Components
    • Laptops
    • ChromeBooks
  • Tech
    • Tech Terms
    • Phones
    • Phone Rumors
    • Android News
    • Top Deals
    • Gadget Reviews
    • Gift Guides
    • VPN
  • Autos
    • Car Showrooms
    • Car News
    • Latest Cars
    • Auto Sport
    • Car Facts
  • Top 100
  • Sports
    • Soccer LiveScores
    • Basketball Scores
  • Entertainment
    • Celebrities
    • Lyrics
    • Artists
    • Biography
  • HSE
    • Hazards
    • NEBOSH
    • IOSH
    • Construction Safety
    • General Industry
    • Oil & Gas Safety
    • All Safety Courses
  • Forums
No Result
View All Result
  • News
    • Africa
    • African Inventions
    • African History
    • Qatar
    • Politics
    • Counties
    • National
    • Health
  • How To
    • Made In Africa
    • Education
    • Facts
    • Science
  • Business
    • Sponsored
    • Real Estate
    • World Billionaires
    • Wealth
    • Advertisement
  • Apple
    • iPad
    • Artists
    • iPhone
    • Apple Watch
    • Mac Specs
    • Apple TV
  • Windows
    • Windows 10
    • Surface
    • PC Components
    • Laptops
    • ChromeBooks
  • Tech
    • Tech Terms
    • Phones
    • Phone Rumors
    • Android News
    • Top Deals
    • Gadget Reviews
    • Gift Guides
    • VPN
  • Autos
    • Car Showrooms
    • Car News
    • Latest Cars
    • Auto Sport
    • Car Facts
  • Top 100
  • Sports
    • Soccer LiveScores
    • Basketball Scores
  • Entertainment
    • Celebrities
    • Lyrics
    • Artists
    • Biography
  • HSE
    • Hazards
    • NEBOSH
    • IOSH
    • Construction Safety
    • General Industry
    • Oil & Gas Safety
    • All Safety Courses
  • Forums
No Result
View All Result
No Result
View All Result

Guide: Banking In Qatar

June 23, 2021
in Business, Qatar
Reading Time: 2 mins read
A A
IMG - WIKIPEDIA

IMG - WIKIPEDIA

ShareTweetShareShareScanEmail
ADVERTISEMENT

Banking in Qatar consists of local, regional, international and Islamic banks, with over 250 branches and 650 ATM’s across the country, in malls, souqs, hotels, hospitals and petrol stations. Major credit cards are widely accepted and visitors to Qatar can access their home accounts by using their ATM cards here.

Opening hours: Sunday-Thursday 7:30am-1pm Many mall branches are open all day, with some open Saturday 8:30-12:30pm

Standard Banking Facilities in Qatar

Most bank’s standard facilities include debit/credit cards, standing orders, personal loans, vehicle loans, and with 90% of Qatar’s workforce being foreign, money transfers , internet banking and the options to save in US dollars, pounds sterling and Euros are also available.

Opening a Bank Account in Qatar

Most banks in Qatar provide for the options of opening an account before or after arrival in Doha. This can be done online and allows for the transfer of funds to be in your account on arrival and the bank normally provide a debit card and a mobile SIM upon opening the account.

ADVERTISEMENT

Residence permit (RP) Y

ou will need a valid residence permit (RP) with the 11 digit stamp on your passport or work visa. You don’t actually need a Qatari ID if you have either of these. A spouse or family members can also open up an account under your sponsorship, but check with the bank.

  • Valid Passport
  • Letter of conformation of monthly salary This letter must confirm your monthly salary in Qatari riyals from either your employer or sponsor and must have the climpany’s official stamp.
  • Tenancy Agreement Some banks may require a tenancy agreement to confirm your residency and address.
  • Copies of all documents
  • Take the originals but make sure you have copies too.
  • Photos
  • Photocopies of any signed documents
  • Make sure you insist of copies for all documents you sign
  • Cheques

It is worth insisting that you are issued with a chequebook because, although not widely accepted as a form of instant payment in the way cash or cards are, post-dated cheques are commonly used for accommodation rental payment. The bank is under a duty not to cash the cheques before the dictated time.

ADVERTISEMENT

How to apply for Personal Loans in Qatar

Most banks offer either a personal loan against salary or a personal loan against fixed deposit. Facilities include ability to top up, early repayment, a grace of up to three months before paying first instalments and being able to postpone loan instalments up to twice per year.

If all the requirements are met taking out a personal loan should be 24 hour procedure and applications can be submitted online.

Required Documents

  • Qatari ID.
  • Passport
  • Documentation of latest monthly salary

Once your documents have been submitted the bank can calculate your loan, the number of instalments, the interest rate and the loan dates.

Islamic Banking in Qatar

There are five Islalmic banks in Qatar, Barwa Bank, Qatar Islamic Bank, International Islamic, Masraf Al Rayan and Qatar First Bank.

Islamic banks describe themselves as Sharia (Islamic law) compliant, the main principle of Islamic banking being the prohibition of the use of interest (riba). The Islamic banks charge fees for services and practice profit sharing, which allows them to offer similar facilities to conventional banks.

ADVERTISEMENT
Was this article helpful?
YesNo
Tags: Banking in Qatar
ShareTweetSendShareScanSend
ADVERTISEMENT
Previous Post

Driving in Qatar

Next Post

Guide: Housing In Qatar

Related Posts

Dahabshiil

Dahabshil Bank International

9 hours ago
Dahabshiil

Dahabshiil

10 hours ago
Next Post
Guide: Housing In Qatar

Guide: Housing In Qatar

Find Out: Living in a Partitioned villa or Apartment, is it Legal in Qatar?

Car registration in Qatar

Search NyongesaSande.com

Follow Nyongesa Sande


Follow @nyongesasande

Subscribe to Nyongesa Sande

Editorial policy

Permission to use quotations from any article is granted subject to appropriate credit of the source being given by referencing the direct link of the article on Nyongesa Sande. However, reproducing any content on this site without explicit permission is strictly prohibited.

Follow us on Social Media channels Below:

  Twitter   Instagram     Youtube  Facebook 
Make sure to check out our social media to keep track of the latest content.
Disclaimer: We aim to present the most accurate information possible. Through this website, you might link to other websites which are not under our control. We have no control over the nature, content and availability of those websites. Inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them. All content on this website is copyright to the website’s owner and all rights are reserved. We take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
 
ADVERTISEMENT
Facebook Twitter Instagram Pinterest LinkedIn Youtube RSS

Categories

A BAKE Member

© 2022 Nyongesa Sande - So Much More To Read Now. A Nyosake Investment Inc.

No Result
View All Result
  • News
    • Africa
    • African Inventions
    • African History
    • Qatar
    • Politics
    • Counties
    • National
    • Health
  • How To
    • Made In Africa
    • Education
    • Facts
    • Science
  • Business
    • Sponsored
    • Real Estate
    • World Billionaires
    • Wealth
    • Advertisement
  • Apple
    • iPad
    • Artists
    • iPhone
    • Apple Watch
    • Mac Specs
    • Apple TV
  • Windows
    • Windows 10
    • Surface
    • PC Components
    • Laptops
    • ChromeBooks
  • Tech
    • Tech Terms
    • Phones
    • Phone Rumors
    • Android News
    • Top Deals
    • Gadget Reviews
    • Gift Guides
    • VPN
  • Autos
    • Car Showrooms
    • Car News
    • Latest Cars
    • Auto Sport
    • Car Facts
  • Top 100
  • Sports
    • Soccer LiveScores
    • Basketball Scores
  • Entertainment
    • Celebrities
    • Lyrics
    • Artists
    • Biography
  • HSE
    • Hazards
    • NEBOSH
    • IOSH
    • Construction Safety
    • General Industry
    • Oil & Gas Safety
    • All Safety Courses
  • Forums

© 2022 Nyongesa Sande - So Much More To Read Now. A Nyosake Investment Inc.