To select a reputable bank, you must research and gather information about the different banking systems and their interests. This way, you can make an informed decision and keep the risk low.
Qatar banks are your most suitable choice if you wish to invest your money in a well-known and secure bank. Qatar’s powerful banking system and customer services have made it a top-ten global bank.
Qatar has contributed to developing a solid economic and financial system. The country has invested in determining the security of its banks and finances, as well as the performance of its systems.
Qatar’s banking system is equipped with a wage protection system that safeguards investors’ investment in Qatar banks since they earn a large amount of revenue from gas and oil explosions.
The following article introduces the Best Bank in Qatar for ex-pats.
Top 10 Different kinds of Banks in Qatar ex-pat
- Commercial Bank of Qatar (CQB)
- Qatar Islamic Bank (QIB)
- Qatar National Bank (QNB)
- Doha Bank
- Mashreq Bank Qatar
- Riyad Bank Qatar
- NOOR Capital Markets
- Masraf Al Rayan
- Ahli Bank
- HSBC Bank Middle East
Commercial Bank of Qatar (CQB)
The first and best bank in Qatar for ex-pats bank, the Commercial Bank of Qatar, was founded in 1979 and had over 460 billion dollars, making it the central bank in the country.
The Qatari commercial bank provides services to retail and corporate clients through 24/7 hotlines for cardholders, Automatic Teller Machines (ATMs) both inside and outside Qatar, and instant SMS service to activate credit cards. E-payment channels such as QR codes, Google Pay, and Apple Pay.
Qatar Islamic Bank (QIB)
The Islamic bank, founded in 1982, has grown into the largest Islamic commercial bank in the world, and it can be the best bank in Qatar for ex-pats banks.
In addition, Qatar Islamic Bank holds 11% of the overall market. It develops at 42.3%. The Qatar Islamic bank has a solid financial system because of its high number of ATMs spread in the area.
Business Finance, Personal Banking, Domestic and International Subsidiaries, and Team Projects are available at this bank.
The QIB was praised in 2018 for “Excellence in Mobile Banking” and “Best Islamic Bank in Qatar.”
Qatar National Bank (QNB)
Qatar National Bank was founded in 1964 and has grown to become one of the largest banks in the Middle East.
Net revenue in 2018 was $13.8 billion, a 5% increase over 2017 on the same timeline.
With approximately 11000 branches and 4000 ATMs, QNB offers various services, including multi-markets, broker-dealers, financial services, and trading systems.
All the features we mentioned about this bank cause it to be the best bank in Qatar for ex-past ex-pats banks.
Doha Bank
Although Doha Bank was established in 2003, it has seen rapid growth in Qatar, attracting 100% Qatari investment.
Multiple business segments-wholesale lending, retail banking, global finance, and investment—offer domestic and international financial care for individuals, corporations, businesses and institutions.
The Doha Bank gained many honors for its achievements and is known as one of the best banks in Qatar for ex-pats banks.
The Doha Bank made about 470 million in pure profit. And it owns 100 ATMs, with 27 physical branches and eight e-branches.
Mashreq Bank Qatar
Mashreq Bank Qatar is a publicly listed joint-stock company headquartered in Doha with 136 billion total assets and 14.8 million capital as of December 31, 2016. The bank was initially known as Commercial Bank Qatar when it was founded in 2002.
It has three branches in Doha, offering commercial banking products. The company is among the top 100 companies in Qatar, with the highest market capitalization.
Among the other bank in Qatar, Mashreq Bank Qatar is one of the best banks in Qatar for ex-pats banks.
With offices in the UAE, Algeria, Egypt, Jordan, and Lebanon, Mashreq Bank Qatar offers Islamic banking solutions, Q-Cash, Trade services, Branchless Banking (Mashreq 24/7), and e-commerce payment gateways, as well as Investment Banking and an e-commerce payment gateway.
Riyad Bank Qatar
Riyad Bank Qatar was established in 1989 and made an immediate impact with its 200 billion assets and 370 million in the capital.
About 32000 clients use the services of this bank, which has over 270 employees and is considered the best bank in Qatar for ex-pats.
Including a branch at Hamad Medical City (HMC) in Doha, the company has seven branches. One of the offices is located in Abu Dhabi, while the main branch is in Riyadh.
Services include Savings & Deposit Accounts, Business Banking; Commercial Banking; Personal Banking; Loans & Financing; Cash Management and Treasury Services; Electronic Payment Solutions (EPS); International Trade and Wire Transfers.
NOOR Capital Markets
Qatar’s first investment bank, Noor Capital Markets, was established in 2016. The firm specializes in domestic and international market transactions, including IPOs, FPOs, secondary issues, private placements, brokerage services, and asset management.
In addition to capital raising and merger and acquisition advisory services, the company offers various financial advisory services.
Aside from providing corporate finance services, it also assists clients with understanding their financing options and making investments.
This bank is the best in Qatar for expat banks.
Masraf Al Rayan
Masraf Al Rayan was launched in 1993 as the first Islamic bank. The bank provides one of the best banks in Qatar for ex-pats banks is Sharia-compliant financial products and services to the local market and international customers. MAARIF has offices in Bahrain, Kuwait, Oman, and UAE.
The bank offers Islamic services like Mudaraba (profit sharing), Musharakah (joint venture), and Ijarah (leasing).
It also provides personal banking products like savings accounts, current accounts, credit cards, personal loans, etc.
HSBC Bank Middle East
HSBC Bank is a global banking and financial corporation known as the best bank in Qatar for ex-pats banks.
It has significantly impacted Qatar’s economic growth and serves customers in marketing, commercial, and corporate banking.
Additionally, this bank offers management and foreign bank system assistance with three branches and a significant firm. You can access the HSBC debit card at more than 800,000 ATMs worldwide.
Ahli Bank
Ahli Bank and Citigroup started working together in 1983, but they have since separated from Citigroup.
Following its launch, it provides many services, including corporate banking, commercial banking, global finance, brokerage, and retail banking. Now it ranks as Qatar’s seventh-largest bank and offers one of the best banks in Qatar for ex-pats.
Let’s recap
If you want to save money in a reliable bank that offers high-quality services to clients, Qatar is your best option since the country has developed a strong banking and financial system.
In this way, you are assured that you are not at risk of losing your assets.
After reading the best Banks in Qatar for ex-pats article, you can make a wise decision before investing your money.
This article should help you with financial investments.
If you have any questions, we would be delighted to hear from you in the comments about the best bank in Qatar for ex-pats bank.
