Qatar’s first Islamic financial institution, Qatar Islamic Bank (QIB), has partnered with The Group Securities, a Shariah-compliant brokerage and investment firm, to roll out digital trading and brokerage services on the bank’s mobile app.
In this regard, QIB has integrated The Group’s new trading and brokerage services on the QIB mobile app, as part of its constant efforts to allow customers to be in full control of all their banking and financial needs.
The new digital service launched in partnership with The Group Securities, a leading Shariah-compliant brokerage and investment firm licensed by the Qatar Financial Market Authority, enables QIB customers to connect their bank accounts with The Group’s accounts and trade instantly in any stocks listed on the Qatar Stock Exchange using the QIB mobile app.
This feature will enable customers to instantly buy and sell any stocks listed on the Qatar Stock Exchange, as well as view their net worth, real-time stock prices, account information and portfolio, all via QIB mobile app. The single sign-in seamlessly merges both the QIB and The Group, allowing all trading activities to be performed on the new trading platform directly.
The Group’s trading platform is customized exclusively for the QIB mobile app users offering an improved experience and new, additional features. The new service is available for QIB customers with an active trading account in The Group.
D Anand GM – Personal Banking Group QIB
“We are pleased to announce this partnership with The Group Securities Company, allowing our customers to fulfill both their banking and trading needs, all in one single mobile application, the QIB mobile app, in line with our ongoing efforts to digitize all our products and services. In addition to strengthening the position of the QIB mobile app as a one-stop-shop for customers to have full control of their banking, the new service will offer those who are interested in stock trading and investing an improved and easy experience by being able to trade comfortably and in just a few clicks via the app.”
The customers of QIB can log in to their mobile app, select the ‘Brokerage’ option under the ‘My Products’ button, and then select ‘The Group Brokerage’ service. To link their accounts, customers need to only enter their NIN, verify their personal information, and select the QIB bank account to be linked to the trading process.
QIB has recently launched an all-new version of its award-winning mobile app. The revamped app adopts a convenient, “step by step”, approach with enhanced navigation to enable easy and full access to the bank’s digital services.
The new QIB mobile app features easy-to-use English and Arabic interfaces, secure and smart biometric login, self-registration, smart shortcuts, and a combo navigation panel that allows customers to find all the offered products and services in simple steps and get the help they need quickly within the app for a seamless and intuitive customized experience.
