
Commercial Bank gets ISO mark for continuity management system
Doha
Commercial Bank, a leader in innovative digital financial solutions in Qatar, has been awarded the prestigious ISO 22301 certification for Business Continuity Management Systems from BSI (British Standards Institution).
This marks a significant milestone in the Bank's ongoing commitment to operational excellence. This international certification affirms the Bank's ability to maintain business continuity and protect customers and operations in the face of unexpected disruptions, such as natural disasters, cyber threats, or other crises.
This achievement is a testament to Commercial Bank's strategic investment in preparedness, crisis response, and risk management. It reflects a deeply embedded culture of resilience that prioritizes stability, reliability, and customer confidence at every level within the Bank's structure.
By securing this standard, Commercial Bank reinforces its ability to deliver uninterrupted services, safeguard stakeholder interests, and uphold its role as a pioneer of Qatar's financial infrastructure.
Commenting on the certification, Joseph Abraham, Group Chief Executive Officer at Commercial Bank, said: 'Receiving the ISO 22301 certification is an important milestone for Commercial Bank as it demonstrates our focus on resilience and business excellence. Being agile and prepared for any situation is key to our corporate strategy, ensuring the Bank is well prepared for any eventuality. This certification confirms our readiness and ability to maintain service for our customers in the face of business disruption events.
Commenting on the certification, Matt Page, Senior Vice President, Assurance Services, EMEA, BSI, said: 'Commercial Bank's commitment to business continuity helps ensure it can continue its operations throughout a disruption, minimizing the impact on employees, customers and society. Congratulations to the team on the certification of the international standard for Business Continuity Management (ISO 22301).
This achievement helps demonstrate the organization's ability to protect against, reduce the likelihood of, and ensure it can recover from any disruptive incidents.'
This milestone underscores the Bank's forward-looking approach and its alignment with global best practices, while also setting the stage for future achievements. Commercial Bank continues to pursue industry-leading standards, maintaining its position as a trusted partner and innovator within Qatar's financial landscape.
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ILoveQatar.net
14 hours ago
- ILoveQatar.net
Savings & Fixed Deposit Interest Rates offered by banks in Qatar [2025]
Looking for a safe way to grow your savings? Whether you're saving for the future or planning a big purchase, this article by the (ILQ) team gives you a quick overview of the latest interest rates offered by banks in Qatar. Note: Interest rates, terms, and conditions mentioned in this article are subject to change at the discretion of the respective banks. Please contact the bank directly before making any financial decisions. Comparison of Fixed Deposit Interest Rates Use the table below to quickly compare minimum deposit requirements and estimated interest rate ranges across leading banks. Choose what suits your financial goals, then scroll down for more details about each bank's offering. Note: These rates are indicative only and may vary depending on the deposit amount, tenure, and bank policies. Bank Minimum Deposit Interest Range (up to QR 999,999) Type of Deposit Commercial Bank QR 20,000 3.25% - 3.50% Fixed Deposit (Time Deposit) QNB QR 20,000 2.80% - 3.15% Fixed Deposit AlRayan Bank QR 10,000 3.50% - 3.57% Fixed Term Deposit Doha Bank QR 25,000 0.85% - 0.90% Fixed Deposit Dukhan Bank QR 50,000 1.10% - 3.85% Fixed Deposit (Time Deposit) Breakdown of Fixed Deposit Interest Rates offered by leading banks across Doha Here's a breakdown of fixed deposit interest rates offered by leading banks across Doha, covering minimum deposit requirements, estimated returns, and key features to help you choose the right option. Commercial Bank of Qatar Interest Rates & Savings Products Commercial Bank offers time deposit accounts with guaranteed returns and flexible tenures, helping you earn high interest on surplus funds while enjoying regular, secure payouts. Flexible Deposit Options Product Minimum Deposit Interest Rate (p.a.) Notes 60 Day Notice QR 10,000 1.35% 60-day notice before withdrawal 31 Day Notice QR 10,000 1.25% 31-day notice before withdrawal Regular Saver QR 500/month (via Standing Order)* 0.50% – 1% Interest paid monthly; no fees; flexible withdrawals *Note: A standing order is when you ask your bank to automatically move money from your main account to your savings account every month. This helps you save regularly without having to do it yourself. Time Deposit Rates (Fixed Deposit) Tenure Minimum Deposit Interest Rate (p.a.) 1 Month QR 20,000 3.25% 3 Months QR 20,000 3.40% 6 Months QR 20,000 3.50% 12 Months QR 20,000 3.50% Features of Commercial Bank flexible and fixed deposit rates: Minimum deposit of QR 10,000 for flexible deposits and QR 20,000 for fixed deposits Competitive interest rates based on deposit amount and tenure Flexible tenures with monthly, quarterly, or semi-annual payouts Available in QR, USD, GBP, and EUR Option to take a loan against your fixed deposit Eligible for individuals and entities Note: The Regular Saver Account allows you to save a fixed amount, starting from QR 500, every month while earning up to 1.00% p.a. interest, paid monthly. It offers complete flexibility with no fixed term, instant access to your money, and is available in Qatari Riyals only. How to apply: Existing customers: Log in to Retail Internet or Mobile Banking Go to Account Services, select Additional Account Opening Select Time Deposit Account / 31 or 60 Days Notice Enter the deposit amount and tenure Submit to open your account New customers: Visit the nearest Commercial Bank branch to open an account and start saving. QNB Savings and Fixed Deposit Interest Rates QNB provides secure savings solutions featuring competitive interest rates and flexible terms designed to meet a variety of financial goals. Choose from options like the Fixed Deposit for steady growth or the E-Saver Account for consistent returns, available in QR, USD, EUR, and GBP. QNB Fixed Deposit Rates Deposit Amount 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years Up to QR 50,000 2.80% 2.85% 2.90% 2.90% 2.75% 2.65% Up to QR 500,000 2.95% 3.00% 3.05% 3.05% 2.90% 2.80% Up to QR 1 million 3.00% 3.05% 3.10% 3.10% 2.95% 2.85% Above QR 1 million 3.05% 3.10% 3.15% 3.15% 3.00% 2.90% Features of QNB Fixed Deposit Rates: Minimum deposit: QR 20,000 Fixed interest rates for the full term duration Flexible payout options: in advance, monthly, quarterly, or at maturity Available in QR, USD, EUR, GBP Can be used as collateral for loans, credit cards, or overdrafts Early withdrawal may lead to revised or no interest AlRayan Bank Shari'ah-Compliant Savings & Investments AlRayan Bank offers Shari'a-compliant savings solutions designed to help customers grow their wealth with peace of mind. Whether you're looking for steady returns through a Term Deposit Account or seeking daily profit accrual with the Al Thahabi High Profit Savings Account, Al Rayan Bank provides flexible and rewarding options tailored to your needs. * Note: Shari'ah-compliant banking products follow Islamic finance principles by avoiding interest (riba) and ensuring investments align with Islamic ethical guidelines. AlRayan Bank Fixed Term Investment Deposit Rates Amount 1 Month 3 Months 6 Months 9 Months 12 Months 10,000 - 250,000 3.50% 3.50% 3.50% 3.50% 3.50% 2,50,001 until 1,000,000 3.50% 3.57% 3.57% 3.57% 3.57% Features of AlRayan Bank Fixed Term Investment Account: Minimum deposit: QR 10,000 Available in QR, USD, EUR, GBP Tenure options: 1 month, 3 months, 6 months, 9 Months, 12 months Quarterly profit distribution How to apply: Existing customers: Log in to AlRayan Internet or Mobile Banking Go to Account Services, Open New Account Select Term Deposit Account, enter the amount and tenure, and submit New customers: Visit your nearest AlRayan Bank branch to open an account ans start saving. Doha Bank Deposit Account & Savings plans Doha Bank offers a variety of deposit solutions designed to grow your savings while ensuring peace of mind. You can choose a one-time investment option that guarantees fixed returns or opt for a recurring savings plan that includes added insurance benefits. Doha Bank Fixed Deposit Interest Rates Amount 1 Month 3 Months 6 Months ≥ 12 Months 25,000 – 249,999 0.85% 0.85% 0.85% 1.00% 250,000 – 999,999 0.90% 0.90% 0.90% 1.00% 1,000,000 – 2,999,999 0.95% 0.95% 0.95% 1.00% 3,000,000 and above 1.00% 1.00% 1.00% 1.00% Features of Doha Bank Fixed Deposit Interest Rates: Minimum QR 25,000 or USD 10,000 Flexible tenures starting from 1 month Auto-renewal facility Available in multiple currencies Loan & overdraft up to 90% of deposit value Competitive interest rates Doha Bank Smart Saver Deposit Interest Rates Deposit Tier 12 Months 24 Months 36 Months 48 Months 60 Months 25,000 – 249,999 3.00% 3.00% 3.00% 3.00% 3.00% 250,000 – 999,999 3.75% 3.75% 3.50% 3.25% 3.25% 1,000,000 – 2,999,999 4.00% 4.00% 3.75% 3.50% 3.50% 3,000,000 – 5,000,000 4.10% 4.10% 3.85% 3.60% 3.60% Features of Doha Bank Smart Saver Deposit Account: Deposit a set amount monthly (minimum QR 1,500 or USD 400) Minimum QR 25,000 or USD 10,000 Earn competitive interest based on tenure and deposit tier Choose from 1 to 5 years (12 to 60 months) Monthly deposits are deducted automatically from your account Accident cover up to QR 300,000 included Available in QR and USD How to apply: Existing Doha Bank customers: Via online banking: Log in and open a Fixed Deposit or Smart Saver account directly Visit a branch: Head to your nearest Doha Bank branch SMS 'FD' or "SSD" to 92610: A bank representative will contact you Call 4445 6000: Speak with a customer service agent to begin the process Request a direct sales agent: Ask for a home or office visit for assistance For new customers: Visit your nearby Doha Bank branch SMS 'FD' or "SSD" to 92610 Call 4445 6000 Fill out an Online Lead Form Dukhan Bank Shari'ah-Compliant Time Deposits If you have a sum of money that you do not need immediate access to and would like to receive assured returns, Dukhan Bank's Fixed Deposits offer low-risk, Shari'ah-compliant investment options. Dukhan Bank Time Deposits Amount 1 Month 3 Months 6 Months 9 Months 12 Months 2 Years Up to 50,000 1.10% 1.15% 1.20% Nil 1.25% 1.50% 50,001 – 1,000,000 3.85% 3.85% 3.75% 3.60% 3.60% NA Features of Dukhan Bank Time Deposit Account: Minimum deposit: QR 50,000 Choose investment tenures from 1 month to 5 years Receive monthly profit payments Shari'ah-compliant investment approved by Dukhan Bank's Shari'ah Supervisory Committee Easy access to funds after maturity through branches, ATMs, or account transfer Make deposits via cash, cheque, or account transfer Regular account statements Manage account via telephone, online, or SMS banking Dedicated Relationship Managers available for Premium Customers How to apply: To open a Fixed Deposit account: Call 800 8555 (24/7 Customer Service Centre) or visit any Dukhan Bank branch Important notes & disclaimers: Interest rates may vary: Banks can change interest or profit rates anytime. The rates shown here might only apply during special offers or for a certain period. Early withdrawal penalties: Withdrawing your funds before maturity can lead to reduced or no interest/profit payments. Always check each bank's early withdrawal policy before investing. Currency risk: If your deposit is in a foreign currency (like USD, GBP, or EUR), changes in exchange rates can affect how much you earn. Minimum deposits & eligibility: Each product has specific minimum deposit amounts and eligibility criteria (individuals or entities). Please verify these details with the bank before applying. Loan against deposits: Some banks allow you to take loans or overdrafts against your deposits. Use this facility responsibly, as borrowing against savings carries financial risks. Shari'ah-Compliant products: These products follow Islamic finance principles, meaning they do not pay conventional interest but provide returns through profit-sharing and ethical investments in compliance with Islamic law. Sources: Customer service calls and official websites of Commercial Bank, QNB, Dukhan Bank, Al Rayan Bank, and Doha Bank.


Qatar Tribune
3 days ago
- Qatar Tribune
Dukhan Bank named world's best Islamic private bank
Tribune Nws Network Doha For the second consecutive year, Dukhan Bank has been named 'World's Best Islamic Private Bank' by Global Finance, as part of the 2025 Islamic Financial Institutions Awards,reaffirming the Bank's growing stature in high-net-worth Shari'a-compliant banking. This global recognition reflects Dukhan Bank's exceptional ability to serve private clients through bespoke, Shari'a-compliant financial solutions, supported by deep market knowledge, personalized service, and innovative products. The Bank's Private Banking and Wealth Management division has demonstrated consistent growth, driven by a clear focus on building long-term relationships with clients. On this occasion, Ahmed Hashem, Acting CEO of Dukhan Bank, expressed his pride in this recognition, saying: 'This recognition affirms our continued efforts to provide high-net-worth clients with exceptional, Shari'a-compliant private banking services that reflect both innovation and trust. At Dukhan Bank, we remain committed to setting new standards in wealth management and building long-term relationships grounded in personalized care, financial expertise, and a forward-looking digital vision. We are dedicated to reshaping the concept of excellence in this field by delivering integrated services that combine professional specialization, personal attention, and comprehensive digital transformation.' Chaouki Daher, GM - Head of Private Banking & Wealth Management, stated: 'We are delighted to win this prestigious award once again, which recognizes the efforts of Dukhan Bank in general, and the Private Banking team in particular. Our goal remains to provide our customers with the highest levels of service excellence, as we greatly appreciate their trust in Dukhan Bank as their preferred banking choice in Qatar. We affirm that we are continuing to move forward, developing our operational system and our portfolio of Shari'a-compliant banking and financing services and solutions, and enhancing our customers' overall banking experience in line with our strategy for digital transformation and future growth.' Dukhan Bank's recognition by Global Finance adds to a growing list of accolades, including he 'Qatar's Best Bank for Consumers' award from Euromoney, the 'Best Digital Transformation Initiative in MENA' award from the MEED's Banking Excellence Awards 2025, and the 'Excellence in Global Islamic Private Banking for the Year 2025' award from the World Union of Arab Bankers. Together, these honors highlight the Bank's continued success in combining digital innovation, Islamic ethics, and a human-centered approach across all customer segments.


Qatar Tribune
16-07-2025
- Qatar Tribune
Commercial Bank reports QR1.26 bn net profit for H1 amid strategic growth, global tax impact
Tribune News Network Doha The Commercial Bank, its subsidiaries and associates (Group), on Wednesday announced a net profit of QR1,261.4 million for the first half of 2025, reflecting its continued resilience and commitment to long-term value creation, despite new global tax regulations and marketvolatility. The Group reported a net profit before the application of the new BEPS Pillar Two tax at QR1,374.2 million for the six months ended 30 June 2025, down 12.5 percent from QR1,571 million during the same period in 2024. The decline was primarily attributed to increased losses from its Turkish subsidiary, Alternatif Bank, which widened by QR104.2 million, and changes related to long-term incentive schemes (LTIS), amounting to QR35.9 million. Adjusting for LTIS, the normalised net profit before tax stood at QR1,410.1 million. With the implementation of the 15 percent global minimum top-up tax under the OECD's Base Erosion and Profit Shifting (BEPS) Pillar Two framework, the Group incurred a tax charge of QR112.9 million. Consequently, the net profit after tax declined to QR1,261.4 million in H1 2025, compared to QR1,571 million in H1 2024. Commercial Bank Chairman Sheikh Abdulla bin Ali bin Jabor Al Thani said the bank had made significant progress on its five-year strategic plan (2022–2026), especially in digital innovation, client experience, and operational efficiency. 'As we approach the final stretch of our strategy, our focus remains on disciplined execution, delivering sustainable value, and aligning with Qatar National Vision 2030,' he said. Vice Chairman and Managing Director Omar Hussain Alfardan highlighted the reaffirmation of the bank's credit ratings and a share buyback plan as testaments to investor confidence and the bank's robust fundamentals. 'The Board approved a share buyback plan of up to 10 percent of issued shares in May 2025, subject to regulatory approval. This aligns with our strategic goal of enhancing shareholder value and capital efficiency,' he said. In June, the bank successfully issued a QR500 million senior unsecured bond under its EMTN programme, further diversifying its funding base. The period also saw the launch of a new corporate mobile banking app, which earned the 'Best Mobile Banking App – Qatar 2025' award from International Finance. Commercial Bank Group CEO Joseph Abraham said the bank's performance in H1 2025 was driven by a strategic focus on diversified income sources, with total assets growing 13.2 percent year-on-year to QR182.1 billion. 'Our non-interest income grew 1.9 percent year-on-year, led by higher fee and commission-based income across transaction banking, cards, wealth management, and investments,' Abraham said. Loans and advances to customers rose by 12.7 percent to QR103.8 billion, supported by growth in the corporate, government, and retail sectors. Investment securities increased by 26 percent to QR35.8 billion, with the bank locking in yields through high-quality investments. Customer deposits reached QR83.5 billion, with low-cost deposits growing 10.2 percent and now constituting 42.1 percent of the deposit mix. Debt securities increased to QR11.4 billion, underscoring efforts to diversify funding. Net provisions declined by 30.8 percent to QR244.1 million, reflecting recoveries and reversals. The ratio of non-performing loans to gross loans improved to 5.5 percent from 5.9 percent a year earlier, while the loan coverage ratio stood at a healthy 87.9 percent. Alternatif Bank, the Group's Turkish subsidiary, reported a loss of QR107.1 million, driven by hyperinflationary accounting and market volatility. Despite higher costs from digital innovation and operations in Turkey, the Group maintained a strong capital base. The Common Equity Tier 1 (CET1) ratio was 12.5 percent, while the Capital Adequacy Ratio (CAR) stood at 17.2 percent — both well above Qatar Central Bank and Basel III requirements. From January 1, 2025, the Group began accruing the BEPS Pillar Two tax as per the OECD's Global Anti-Base Erosion (GloBE) rules, which seek to ensure that multinational enterprises are taxed at a minimum effective rate of 15 percent across all jurisdictions. The tax led to an incremental cost of QR112.9 million in the first half of the year. In a move to enhance shareholder returns, the Group's board has approved a share buyback programme of up to 10 percent of fully paid-up issued shares. The programme awaits regulatory approval from Qatar Central Bank (QCB) and Qatar Financial Markets Authority (QFMA). Looking ahead, Abraham said the bank remains committed to executing its strategic priorities while continuing to support Qatar's sustainable development goals. 'We are well positioned to adapt, innovate, and grow in a dynamic environment. Our performance in H1 2025 reflects strong fundamentals, prudent capital management, and a clear roadmap for long-term value creation,' heconcluded.