DOHA: The Ministry of Economy and Commerce, in collaboration with Al Rayan Bank has launched the Shariah-compliant “Iktisadi” card, a new initiative to encourage the use of loyalty cards that allow consumers to increase savings on their purchases.
The card grants its holders access to discounts and promotions at major shopping malls and retail outlets. It is available to all consumers whether citizens or residents and whether they are clients of Al Rayan Bank or any other bank.
This initiative is the latest out of a series of campaigns launched by the ministry on the occasion of the holy month under the theme “#Aqal_Min_Al_Wajeb,” Arabic for “#the_least_we_can _do” in a bid to strengthen its partnership with the private sector.
The Iktisadi card, which is in accordance with Shariah law, allows consumers to accumulate loyalty points that can be collected following purchases, which can then be used for shopping, and can be exchanged for up to QR1,000 worth of cash per month. It can also be used to redeem Ooredoo Nojoom points and airline tickets to over 300 destinations around the world as well as Qmiles from Qatar Airways.
Iktisadi cardholders can access over 850 lounges at airports around world
Cardholders have access to more than 850 lounges at various airports around the world and benefit from a variety of offers by Al Rayan Bank in order to reduce expenses and enjoy exclusive benefits.
The Iktisadi bank card also offers a maximum degree of safety in terms of anti-fraud protection through the use of a PIN.
It offers the delivery of SMS messages to consumers to prevent fraud operations in online transactions.
The card also allows consumers to deposit funds easily at all bank branches and ATMs in addition to being accepted universally at more than 24 million outlets and one million ATMs.
Consumers can take advantage of the rewards associated with Iktisadi bank following three months of use.
Al Rayan Bank has invited all shops and businesses to join its loyalty points program to provide various benefits to consumers.
Commenting on the initiative, Tariq Abdulaziz Al Sada, Director of Public Relations and Communications at the Ministry of Economy and Commerce, said: “The card is part of a number of initiatives launched by the Ministry to build trust and partnerships between merchants and consumers.
“It also aims to support families during the Holy Month by giving them access to promotional discounts across outlets in Qatar.”
Hamad Al Jamali, Assistant General Manager of retail services and private banking services at Al Rayan Bank, said, “The card offers special discounts on well-known brands in Qatar.
“It also offers access to special promotions by Al Rayan Bank such as free holidays and rewards points from Ooredoo’s Nojoom Points.
“The card also provides access to a diverse banking support network and electronic services provided by Al Rayan Bank,” Al Jamali added.
The Peninsula
DOHA: The Ministry of Economy and Commerce, in collaboration with Al Rayan Bank has launched the Shariah-compliant “Iktisadi” card, a new initiative to encourage the use of loyalty cards that allow consumers to increase savings on their purchases.
The card grants its holders access to discounts and promotions at major shopping malls and retail outlets. It is available to all consumers whether citizens or residents and whether they are clients of Al Rayan Bank or any other bank.
This initiative is the latest out of a series of campaigns launched by the ministry on the occasion of the holy month under the theme “#Aqal_Min_Al_Wajeb,” Arabic for “#the_least_we_can _do” in a bid to strengthen its partnership with the private sector.
The Iktisadi card, which is in accordance with Shariah law, allows consumers to accumulate loyalty points that can be collected following purchases, which can then be used for shopping, and can be exchanged for up to QR1,000 worth of cash per month. It can also be used to redeem Ooredoo Nojoom points and airline tickets to over 300 destinations around the world as well as Qmiles from Qatar Airways.
Iktisadi cardholders can access over 850 lounges at airports around world
Cardholders have access to more than 850 lounges at various airports around the world and benefit from a variety of offers by Al Rayan Bank in order to reduce expenses and enjoy exclusive benefits.
The Iktisadi bank card also offers a maximum degree of safety in terms of anti-fraud protection through the use of a PIN.
It offers the delivery of SMS messages to consumers to prevent fraud operations in online transactions.
The card also allows consumers to deposit funds easily at all bank branches and ATMs in addition to being accepted universally at more than 24 million outlets and one million ATMs.
Consumers can take advantage of the rewards associated with Iktisadi bank following three months of use.
Al Rayan Bank has invited all shops and businesses to join its loyalty points program to provide various benefits to consumers.
Commenting on the initiative, Tariq Abdulaziz Al Sada, Director of Public Relations and Communications at the Ministry of Economy and Commerce, said: “The card is part of a number of initiatives launched by the Ministry to build trust and partnerships between merchants and consumers.
“It also aims to support families during the Holy Month by giving them access to promotional discounts across outlets in Qatar.”
Hamad Al Jamali, Assistant General Manager of retail services and private banking services at Al Rayan Bank, said, “The card offers special discounts on well-known brands in Qatar.
“It also offers access to special promotions by Al Rayan Bank such as free holidays and rewards points from Ooredoo’s Nojoom Points.
“The card also provides access to a diverse banking support network and electronic services provided by Al Rayan Bank,” Al Jamali added.
The Peninsula
