Tribune News Network
Doha
Qatar Islamic Bank has launched an exclusive auto financing offer on Tesla cars, available directly through the Tesla website. This unique offer makes QIB the first and only Islamic bank in the country to provide a seamless digital financing option for Tesla buyers, further advancing its commitment to promoting sustainable and environmentally friendly financial solutions.
Tesla buyers in Qatar can access QIB’s auto financing as part of Tesla’s online ordering process, ensuring a smooth and user-friendly experience.
Customers can simply select “Islamic Financing” when finalizing their purchase, after which they will be redirected to QIB’s financing options.
This exclusive offer, running until 31st December 2024, provides a profit rate starting at 2.77% flat (equivalent to 5.25% reducing rate), a grace period of up to 6 months for Qatari customers and 3 months for expats, and a comprehensive auto Takaful rate of 1.7%.
QIB continues to integrate sustainability into the heart of its operations, ensuring it meets the evolving financial needs of its customers while actively reducing environmental impact.
As the leading provider of auto financing in Qatar, QIB, through this offer, promotes green financing by empowering customers to transition to electric cars and contribute to a more sustainable future.
This offer for Tesla buyers simplifies the transition to electric mobility by offering a digital financing journey, providing customers with a seamless experience and competitive rates, all in support of the bank’s wider sustainability vision.
Anand, General Manager – Personal Banking Group at QIB, commented: “We are pleased to launch this first-of-its-kind financing offer for Tesla buyers in Qatar. This unique offering marks a major step forward in accessible sustainable financing.
We are committed to simplifying the financing process through our digital platform. This enables customers to effortlessly finance their electric cars, while benefiting from competitive rates and supporting a greener future.”
QIB is at the forefront of sustainable banking practices in Qatar, having implemented a range of eco-friendly initiatives. In addition to offering preferential financing rates for electric cars, QIB produces most of its bank cards from 100% recycled plastic and has introduced a Carbon Emission Tracker in its Mobile App to help customers monitor and reduce their environmental impact.
