Posted on February 06, 2019

Qatar Islamic Bank (QIB) has introduced a brand new version of its online corporate banking portal for corporate, medium and small enterprises. The new portal is easy to use, with a lot of new additional features whereas it’s a highly secured passageway for QIB’s corporate clients to manage all their daily business banking transactions.

 “The enhancement of the corporate online banking will serve as a key element for our corporate clients by reducing the administrative time that it will take to finish their banking procedures and eliminates the need to visit a branch.”, said Tarek Fawzi General Manager of the Wholesale banking group. He added, “Part of QIB’s strategic approach is becoming a digitally driven bank with a focus of offering clients with timely and secure shari’a-compliant services for all their banking needs.  Around one hundred of our corporate customers are already taking advantage of the speed and convenience offered by the new portal and we are expecting this number to grow.”

The newly upgraded portal will allow clients to have full digital control over their accounts and includes many features, including:

  • User Access Control: enables you to define and set the users’ roles and responsibilities.
  • Account management: gives you access to your consolidated accounts, financing and deposits.
  • Beneficiary management: lets you create beneficiaries for local and international transfers and control users through corporate admin.
  • Payments and transfer: allows you to manage single, multiple, bulk and future date payments, and transfer within accounts for better liquidity management.
  • Trade finance: enables you to request LCs, LGs, and bills for collection.
  • Credit card management: give you full control of your company’s cards, view and make card payment, block/unblock cards, enable magnetic stripe during travel and monitor transactions.
  • Utility bills payment: lets you make utility payments to Kahramaa, Ooredoo…etc.
  • General service request: Request cheque books, balance confirmation, cheque image and swift copies.

It also has a new multi-level transaction matrix to increase security whereas client may appoint restricted roles for different users by appointing a maker for a transaction, someone to review the payment details “checker” and an authorizer that approves the payment “approver.” The new portal resides on an omnichannel banking platform, whereas now all banking platforms are linked to one central unit. Corporate clients that wish to register for the corporate online banking should contact their relationship manager or submit a request online. 

QIB has recently introduced several products and services to simplify the reach and access to corporate banking products and services. The Bank has introduced the first Islamic Point of Sale (POS) & Online Payment Gateway solutions to serve QIB’s corporate and SME clients concerning payment solutions. QIB has also introduced an online solution for Wages Protection System (WPS) to ease the monthly salaries process and enhance banking experience for its corporate and SME clients.

For more information on corporate online banking, please visit: to see the full range of corporate products and services.