Qatar Islamic Bank (QIB) has launched an exclusive auto financing offer on Tesla cars, available directly through the Tesla website.
This makes QIB the first and only Islamic bank in the country to provide a seamless digital financing option for Tesla buyers, further advancing its commitment to promoting sustainable and environmentally friendly financial solutions.
Tesla buyers in Qatar can access QIB’s auto financing as part of Tesla’s online ordering process, ensuring a smooth and user-friendly experience.
Customers can simply select ‘Islamic Financing’ when finalising their purchase, after which they will be redirected to QIB’s financing options.
This exclusive offer, running until December 31, provides a profit rate starting at 2.77% flat (equivalent to 5.25% reducing rate), a grace period of up to six months for Qatari customers and three months for expatriates, and a comprehensive auto takaful rate of 1.7%.
As the leading provider of auto financing in Qatar, QIB, through this offer, promotes green financing by empowering customers to transition to electric cars and contribute to a more sustainable future.
D. Anand, General Manager (Personal Banking Group) at QIB, commented: “This unique offering marks a major step forward in accessible sustainable financing. We are committed to simplifying the financing process through our digital platform.”
QIB is at the forefront of sustainable banking practices in Qatar, having implemented a range of eco-friendly initiatives. In addition to offering preferential financing rates for electric cars, QIB produces most of its bank cards from 100% recycled plastic and has introduced a ‘Carbon Emission Tracker’ in its Mobile App to help customers monitor and reduce their environmental impact.
