News Column


June 18, 2014

Alfardan Automobiles has entered into a first-ever exclusive partnership with the Qatar Islamic Bank (QIB) in oprder to offer Islamic finance solutions to their customers.

Mohamed Kandeel, the chief operating officer of Alfardan Group Automotive Division, and D Anand, the general manager of the QIB Personal Banking Group has initialed the agreement at a ceremony at the Alfardan Automobiles West Bay showroom.

We always seek new ways to help make owning a BMW vehicle easier for our customers, said Kandeel, The signing of the agreement with the Qatar Islamic Bank is important because, for the first time ever, we are able to offer exclusive Islamic finance solutions to our customers through one of the premier financial institutions in Qatar.

The agreement provides value-added benefits to both the QIB and Alfardan Automobiles customers, said Anand, This strategic tie-up is yet another proof of our ongoing strategy to strengthen our position as the leading bank in providing Shariah-compliant financing solutions.

The new agreement will see customers benefiting from Islamic financing solutions available across the entire BMW vehicle range.

The partnership agreement is poised to see many customers benefit from the financing services as well as the unique Ramadan offers that the BMW Group importer will announce in the coming days, as Qatar gears up to welcome the holy month of Ramadan.

Alfardan Automobiles is the official BMW Group importer in Qatar.

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Source: TendersInfo (India)

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