Lusail City to See Qatar International Islamic Bank’s First Fully Digital Branch in 2022

Dr Abdulbasit Ahmad al-Shaibei, Chief Executive Officer of Qatar International Islamic Bank (QIIB) said that they intend to open the first fully digital branch of QIIB in 2022 in Lusail City. He said QIIB which had already proposed to adopt digital technology fast tracked its efforts, with the onset of the COVID–19 pandemic.

Why it Matters?

In a world with fast evolving technology, digital technology is mandatory to retain the market share, al-Shaibei said, adding that the bank found digitalisation cost-effective as well. With QIIB being almost completely digitalised post-pandemic, there is a marked reduction in the number of customers using physical branches, resulting in the closure of some branches. Speaking on the advantages of digital bankin...