IslamicFinance.de

Qatar Islamic Bank has announced that it will be the preferred financing partner of Jaidah Equipment under the terms of the strategic partnership QIB forged with the Qatar-based equipment dealer.
QIB general manager of Wholesale Banking, Tarek Fawzi, and Jaidah Equipment managing director, Ayman Ahmed, led the official signing before senior executives from both organisations at QIB’s corporate headquarters in Doha.
As part of the agreement, customers of Jaidah Equipment who would like to purchase new equipment are entitled to use the bank’s Fleet and Heavy Equipment Financing scheme, which was introduced last year as part of QIB’s Aamaly programme, a collection of products and services designed specifically for small and medium-sized enterprises.
Through its Aamaly programme, QIB aims to foster the growth of SMEs and help diversify the country’s economy in line with Qatar National Vision 2030.
“We are pleased to be partnering with Jaidah Equipment. This new relationship enhances the value of QIB’s Aamaly programme and makes it easier for SMEs to expand their businesses in the growing Qatar market,” Fawzi said.