QIB Launches the Stock Trading Service through QIB Mobile App in Partnership with “The Group”

Jul 08, 2021 by Qanect

Qatar Islamic Bank (QIB), Qatar’s largest Islamic bank, has announced the integration of The Group’s new trading and brokerage services on the QIB Mobile App, as part of its continued efforts to allow customers to be in full control of all their banking and financial needs.

Launched in partnership with The Group Securities Company (The Group), Qatar’s leading Sharia-compliant brokerage and investment firm licensed by Qatar Finance Markets Authority, the new digital service allows QIB customers to connect their QIB bank accounts with The Group’s accounts and trade instantly in any stocks listed at 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 in one place through their QIB Mobile App. The single sign in seamlessly merges both the QIB and The Group applications, allowing all trading activities to be performed on the new The Group trading platform directly.

The Group trading platform is customized exclusively for the QIB Mobile App users offering an improved experience and new, additional features.

Mr. D. Anand, QIB’s General Manager – Personal Banking Group said: “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.”

“We share a lot of customers with The Group, so it makes sense to form this partnership and allow them to view and transact across both their banking and trading accounts in a faster, simpler and most secured way.”

The new service is available for QIB customers with an active trading account with The Group. QIB Customers can login to their QIB Mobile App, select ‘Brokerage’ option under ‘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. Creating a simplified and more engaging user experience, the revamped application 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 & services in simple steps and get the help they need quickly within the app for a seamless and intuitive customized experience. All transactions can now be completed within a few steps and customers will reap the benefits of the advanced and secured data systems to avoid filling or re-entering pre-registered information.

Available on App Store, Google Play, and Huawei AppGallery, customers can download the QIB Mobile App and easily self-register using their active ATM/Debit Card number and PIN.  The App offers customers the ability to have full control of their accounts, cards, and transactions and to fulfill all their banking requirements remotely. In addition, QIB customers can open a new account, apply for personal financing, a Credit Card, or open additional accounts via the QIB Mobile App in only 5 minutes.

For more information, please visit www.qib.com.qa