Alfardan Automobiles, the official BMW Group importer in Qatar, has signed a first-ever exclusive partnership with Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, to provide Islamic Finance solutions to their customers.

The agreement took place at a signing ceremony at the Alfardan Automobiles West Bay Showroom between Chief Operating Officer of Alfardan Group – Automotive Division, Mohammed Kandeel, and General Manager, QIB’s Personal Banking Group, D. Anand, on 16 June 2014. Kandeel, said:

We always seek out new ways to help make owning of a BMW vehicle easier for our customers. The signing of the agreement with Qatar Islamic Bank is important because for the first time ever we are able to offer exclusive Islamic Finance solutions to our customers through one of the premier financial institutions in the State of Qatar.’

According to D. Anand, QIB’s Personal Banking Group General Manager, this agreement provides added value benefits to both QIB and Alfardan Automobiles’ customers. He said:

This strategic tie-up is yet another proof of our on-going strategy to strengthen our position as the leading Bank in providing Shari’a compliant financing solutions.’

QIB is one of the leading Banks in Qatar’s retail banking market – as such it formed the perfect synergy with Alfardan Automobiles and BMW Group. Under the new agreement, customers will benefit from Islamic Financing solutions available across the entire BMW vehicle range.

Established in 1996 as part of Alfardan Group of Companies, Alfardan Automobiles is the exclusive and official importer in Qatar for BMW, MINI and Rolls-Royce cars, and BMW motorcycles. With conveniently located showrooms in West Bay and Suhaim bin Hamad, and unrivalled aftersales and service facilities featuring the most advanced service and diagnostic technologies, Alfardan Automobiles and staff are committed to delivering, not just the ultimate driving experience, but also the ultimate ownership experience.

As Qatar gears up to welcome the holy month of Ramadan, the agreement is poised to see many customers benefit from the services as well as the unique Ramadan offers that the BMW Group importer will announce in the upcoming days.