All new QNB Al Islami Qatar Airways Titanium MasterCard holders will receive 6,000 Qmiles on completion of their first purchase worth QR500, as well as a host of benefits exclusive to Premium MasterCard holders

 
All new QNB Al Islami Qatar Airways Titanium MasterCard holders will receive 6,000 Qmiles on completion of their first purchase worth QR500, as well as a host of benefits exclusive to Premium MasterCard holders.

Doha, 05 July 2010 - QNB Al Islami today announced the launch of the new QNB Al Islami Qatar Airways Titanium MasterCard which is the first Islamic Titanium MasterCard offered in Qatar that complies with Sharia banking principles.

To celebrate the first premium Islamic Titanium MasterCard offered in Qatar, QNB Al Islami will be giving all new Titanium credit card customers an instant bonus of 6,000 Qmiles on completing their first QR500 transaction with the new card plus an attractive Qmiles earn rate of 1 Qmile for every QR 6 spent till 31st  December 2010. 

In addition to helping customers upgrade or extend their summer vacation flights, this campaign was inspired by growing customer utilization of the Qmiles earned on QNB Al Islami credit card purchases. The new Islamic Titanium MasterCard also answers customer demand for more premium card options that provide enhanced privileges, as well as best-in-class Qmiles earn rates.

Existing QNB Al Islami credit card customers as well as new customers are eligible to apply for the Titanium card, provided they earn a monthly minimum salary of QR7,500.  Existing customers with Classic or Gold credit cards can also upgrade to the new Islamic Titanium MasterCard if they meet the salary requirements. 

The Islamic Titanium MasterCard offers a host of benefits including the option of a minimum monthly payment of only 10% of the total outstanding balance, an attractive earn rate of 1 Qmile for every QR8 spent at points of sale, as well as access to a growing number of airport lounge programs that include the Marhaba Lounge in Dubai. Customers will also be able to complete cash advance withdrawals of up to 100% of their authorized credit limit.

In addition, as per the terms and conditions of the credit card agreement, QNB Al Islami Titanium MasterCard holders will receive purchase protection and extended warranties on purchases. They will also receive comprehensive travel insurance as well as Takaful insurance upon activation of their credit cards.

QNB Al Islami, which is a pioneering innovator in the domestic Islamic finance market, was the very first bank to offer Qatar Airways cobranded Islamic credit cards in Qatar. Apart from earning Qmiles for actual miles travelled, QNB Al Islami credit cards offered in conjunction with Qatar Airways are the easiest way to earn Qmiles and have the highest earn rates in each card category.

All premium MasterCard holders will also have access to MasterCard Moments, an exclusive online repository of privileges designed to offer premium card holders numerous lifestyle benefits including exclusive invitations to special events, among other options. They will also have the ability create a Moments Wish List on the MasterCard Moments website to manage the privileges they receive.

To apply for the new Islamic Titanium MasterCard or to request further information please visit any QNB Al Islami branch or call the Customer Care Center at 4407777.

About QNB
Qatar National Bank (QNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets.
QNB offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.
QNB has the largest distribution network in Qatar, comprising 45 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices operated by QNB Al Islami, and more than 160 ATMs.
QNB was the first conventional bank in Qatar to offer Shari'a-compliant banking products and services through QNB Al Islami, established in 2005.

QNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris.  Currently QNB has presence in 22 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya. An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.
QNB has also extended its regional reach by acquiring shares in various financial institutions including 33.5% stake in the Jordan based, The Housing Bank for Trade and Finance (HBTF), 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-Qatari bank and 20% stake in the Doha-based Al Jazeera Islamic Company. QNB also retains 55% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009.
"QNB Capital" was established in 2008 providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services - including mergers and acquisitions, equity, debt and project advisory - as well as first-class research capabilities.
QNB is among the highest rated regional banks from leading credit rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
QNB has an active community support program and sponsors various social, educational, and sporting events
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For further information, please contact QNB's Public Relations Department at (974) 4252477, Fax (974) 4252589, email: PR@qnb.com.qaor visit QNB's website www.qnb.com.qa