Latest news with #Shari'a-compliant
Qatar Tribune
7 days ago
- Business
- Qatar Tribune
beIN partners with PayLater to expand payment options
Tribune News Network Doha beIN Media Group (beIN), the global sports, entertainment and media group, has signed a Partnership Agreement with PayLater, Qatar's first licensed Buy Now, Pay Later (BNPL) provider. The partnership enables customers in Qatar to pay for all beIN products, including new subscriptions and package renewals, using interest-free instalment plans, both for online payments and in-store purchase transactions. To mark the occasion, a signing ceremony was held on Wednesday 16 July, at beIN's MENA Headquarters in Doha, attended by Hamad Aljaber, regional sales manager at beIN MENA, and Mohammed Abdulaziz Al Delaimi, co-founder of PayLater. Hamad Aljaber, regional sales manager at beIN MENA, commented on the partnership: 'We're proud to partner with PayLater to offer our customers greater payment flexibility when purchasing beIN products. This collaboration aligns with our commitment to providing the best and most convenient customer experience, while supporting Qatar's efforts to build an advanced, cashless digital economy in line with Qatar National Vision 2030.' Mohammed Abdulaziz Al Delaimi, co-founder of PayLater, said: 'This partnership with beIN marks a significant step in our mission to embed smart, Shari'a-compliant financial solutions into everyday consumer experiences. beIN has always been a household name in Qatar, and this integration brings our seamless instalment service to millions of loyal fans, helping them access the content they love without compromising on convenience or affordability.' The partnership underscores both companies' commitment to giving customers in Qatar greater access to flexible, affordable payment options while fostering continued innovation in the local fintech sector.
Qatar Tribune
7 days ago
- Business
- Qatar Tribune
QIB net profit up 5.3% to QR2.18 billion in H1
Tribune News Network Doha Qatar Islamic Bank (QIB), the country's leading Shari'a-compliant financial institution, has reported a net profit of QR2,175 million for the six-month period ending 30 June 2025, marking a 5.3 percent increase compared to QR2,065 million recorded during the same period last year. The bank's earnings per share rose to QR0.92 in H1 2025 from QR0.87 in H1 2024, reflecting sustained profitability growth. In a move reinforcing its shareholder-friendly policies, QIB's board of directors has approved an interim cash dividend of QR0.40 per share, equivalent to 40 percent of the nominal share value. This payout, which is subject to regulatory approval from Qatar Central Bank, will be distributed to shareholders registered as of market close on July 24, 2025. QIB's total assets surged to QR212.1 billion as of 30 June 2025, registering a 5.6 percent growth from December 2024 and a 10.3 percent increase year-on-year. The bank attributed this robust asset growth primarily to increased financing and investing activities. Financing assets climbed to QR130.8 billion, reflecting a 4.4 percent increase from December 2024 and a 3.1 percent rise compared to June 2024. Investment securities reached QR60.1 billion, up 13.4 percent from December 2024 and 21.9 percent higher year-on-year, as QIB continued to diversify and strengthen its investment portfolio. Customer deposits increased to QR135 billion, registering an 8 percent rise since December 2024 and a 10 percent increase compared to June 2024. The finance-to-deposit ratio stood at 96.8 percent, one of the lowest among Qatari banks, underlining QIB's strong and stable liquidityprofile. QIB's total income for H1 2025 reached QR5,642.8 million, up slightly from QR5,609.3 million in the same period last year. Net income from financing and investing activities alone amounted to QR5,127.8 million, underscoring the bank's core revenue-generating strength. Operational efficiency remains a cornerstone of QIB's strategy. The bank's total operating expenses stood at QR537.7 million for the first half of 2025. Cost containment efforts brought the cost-to-income ratio down to 16.4 percent—once again the lowest in Qatar's bankingsector. On the asset quality front, QIB maintained its ratio of non-performing financing assets to total financing assets at 1.75 percent, showcasing strong credit risk management and prudent underwriting standards. Coverage for non-performing assets stood at 95.1 percent as of 30 June 2025, supported by a conservative provisioning strategy. QIB's shareholders' equity increased to QR28.1 billion, marking a 3.4 percent rise from December 2024 and a 9.2 percent increase year-on-year. The capital adequacy ratio (CAR), calculated according to the new Qatar Central Bank guidelines, stood at a robust 22 percent—well above the regulatory minimum and Basel III requirements. QIB's financial strength and stability were reaffirmed by major global credit rating agencies. In June 2025, Fitch Ratings affirmed QIB's long-term issuer default rating at 'A' with a stable outlook. Moody's maintained its 'A1' rating with a stable outlook, while Capital Intelligence Ratings (CI) affirmed a long-term rating of 'AA-' with a stable outlook in March 2025. As QIB continues to deliver on its strategic goals, the bank remains committed to sustainable growth, digital innovation, and value creation for its customers and stakeholders, further reinforcing its leading position in Qatar's Islamic banking sector.
Broadcast Pro
7 days ago
- Business
- Broadcast Pro
BeIN partners with PayLater to expand payment options for customers in Qatar
The partnership lets customers in Qatar pay for all beIN products in-store or online through interest-free installments. BeIN Media Group has announced a new partnership with PayLater, Qatar's first licensed Buy Now, Pay Later (BNPL) provider, enabling customers in Qatar to pay for beIN products using interest-free installment plans. The collaboration allows customers to access beIN subscriptions and renewals through flexible payment options, both online and in-store. The partnership was officially marked with a signing ceremony held on Wednesday, July 16, at beIN's MENA headquarters in Doha. The event was attended by Hamad Aljaber, Regional Sales Manager at beIN MENA, and Mohammed Abdulaziz Al Delaimi, Co-Founder of PayLater. Commenting on the partnership, Hamad Aljaber, Regional Sales Manager at beIN MENA, said: 'We're proud to partner with PayLater to offer our customers greater payment flexibility when purchasing beIN products. This collaboration aligns with our commitment to providing the best and most convenient customer experience, while supporting Qatar's efforts to build an advanced, cashless digital economy in line with Qatar National Vision 2030.' Mohammed Abdulaziz Al Delaimi, Co-Founder of PayLater, added: 'This partnership with beIN marks a significant step in our mission to embed smart, Shari'a-compliant financial solutions into everyday consumer experiences. beIN has always been a household name in Qatar, and this integration brings our seamless installment service to millions of loyal fans, helping them access the content they love without compromising on convenience or affordability.'
Zawya
16-07-2025
- Business
- Zawya
BeIN partners with PayLater to expand flexible payment options for customers in Qatar
Doha, Qatar: beIN MEDIA GROUP ('beIN'), the global sports, entertainment and media group, has signed a Partnership Agreement with PayLater, Qatar's first licensed Buy Now, Pay Later (BNPL) provider. The partnership enables customers in Qatar to pay for all beIN products, including new subscriptions and package renewals, using interest-free installment plans, both for online payments and in-store purchase transactions. To mark the occasion, a signing ceremony was held on Wednesday 16 July, at beIN's MENA Headquarters in Doha, attended by Hamad Aljaber, Regional Sales Manager at beIN MENA, and Mohammed Abdulaziz Al Delaimi, Co-Founder of PayLater. Hamad Aljaber, Regional Sales Manager at beIN MENA, commented on the partnership: 'We're proud to partner with PayLater to offer our customers greater payment flexibility when purchasing beIN products. This collaboration aligns with our commitment to providing the best and most convenient customer experience, while supporting Qatar's efforts to build an advanced, cashless digital economy in line with Qatar National Vision 2030.' Mohammed Abdulaziz Al Delaimi, Co-Founder of PayLater, said: 'This partnership with beIN marks a significant step in our mission to embed smart, Shari'a-compliant financial solutions into everyday consumer experiences. beIN has always been a household name in Qatar, and this integration brings our seamless installment service to millions of loyal fans, helping them access the content they love without compromising on convenience or affordability.' The partnership underscores both companies' commitment to giving customers in Qatar greater access to flexible, affordable payment options while fostering continued innovation in the local fintech sector. About beIN MEDIA GROUP beIN MEDIA GROUP is a leading independent global media group and one of the foremost sports & entertainment networks in the world. The group distributes and produces an unrivalled array of entertainment, live sport and major international events across 5 continents, 40 countries and in 9 different languages spanning Europe, North America, Asia, Australasia and the Middle East & North Africa (MENA). beIN MEDIA GROUP's flagship sports network, beIN SPORTS, holds the single largest portfolio of sports rights of any global broadcaster; and through its iconic MIRAMAX film studio, beIN holds an extensive library of Hollywood blockbusters while having a growing presence in series and movies production and distribution, as well as in the digital space. beIN MEDIA GROUP acquired Digiturk, the leading pay-tv operator in Türkiye, in August 2016, and in 2022 launched its premium OTT service, TOD, across MENA and Türkiye. About PayLater PayLater is Qatar's first licensed Buy Now, Pay Later (BNPL) platform, offering secure, interest-free, and fully Shari'a-compliant installment solutions for consumers and merchants. With over 200,000 users and 352+ merchant partners with +820 outlets, PayLater is on a mission to reshape how Qatar shops, pays, and experiences financial flexibility, whether in-store or online. The platform is designed for seamless integration, empowering businesses with higher conversion, better retention, and meaningful data insights, while providing consumers with payment freedom and peace of mind.
Bahrain This Week
11-07-2025
- Business
- Bahrain This Week
Khaleeji Bank Partners with Euro University Bahrain for Innovative Education Financing
Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced the signing of a Memorandum of Understanding (MoU) with Euro University Bahrain. The agreement aims to offer tailored educational financing solutions to the university's students and their parents, including products such as the Ajyal Accounts and education financing facilities. The signing ceremony took place at Khaleeji Bank's headquarters in the GFH Tower, Manama, where the agreement was signed on behalf of the bank by Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, and on behalf of the university by Prof. Andrew Robert Nix, President of Euro University Bahrain, in the presence of a number of managers and officials from both institutions. This partnership underscores the bank's commitment to strengthening its role as a partner in ambition for its diverse client base, particularly students. It also reflects Khaleeji Bank's continuous efforts to support the education sector through innovative, Shari'a-compliant banking products and services that cater to evolving needs and enhance the financial sustainability of the sector. Under the MoU, Khaleeji Bank will offer an education financing option enabling parents to secure funding for tuition fees with a convenient repayment plan, helping them manage their financial commitments while securing their children's future aspirations. The collaboration also seeks to encourage students to explore a variety of financial products and offerings, especially the Ajyal Accounts, benefiting them throughout their academic and personal journeys. Additionally, regular workshops will be organised on campus to introduce students to dedicated banking products and financial management practices, fostering a culture of saving and financial responsibility among the youth. On this occasion, Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated: 'We are delighted to strengthen our partnership with Euro University Bahrain. At Khaleeji Bank, we believe that investing in education is the most important investment for the future of our nation. Through this partnership, we provide flexible and Shari'a-compliant financing solutions that enable students to focus on their studies without placing undue financial burdens on their parents, while also contributing to building a generation equipped with the tools for success and fostering lasting trust between the bank and the academic community in the Kingdom of Bahrain.' For his part, Prof. Andrew Robert Nix, President of Euro University Bahrain, commented: 'This agreement marks a strategic step towards enhancing the learning environment at Euro University Bahrain. It paves the way for innovative financial solutions that allow our students to pursue their academic programmes with greater ease, encourages parents to invest in their children's futures, and affirms our commitment to offering a holistic educational journey that combines quality with affordability, further strengthening our partnership with national players in the financial sector.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
