QLIC introduces first online Islamic service in Qatar

Qatar Ladies Investment Company (QLIC) today announced the launch of its online Islamic financial service using a co-branded online financial platform from iHilal Financial Services.

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By  Vijaya George Published  January 6, 2002

Qatar Ladies Investment Company (QLIC), a leading Qatar investment bank and financial services provider, today announced the launch of its online Islamic financial service using iHilal's co-branded online financial platform. Through its partnership with iHilal, QLIC now provides its customers with Islamic investment services available in global financial markets.

“QLIC is focused on providing innovative and best-of-breed financial products and services to its customer base in Qatar,” said Sheikha Hanadi Bint Nasser Al Thani, QLIC managing director. “iHilal Financial Services offers a scalable brokerage and funds solution that would enable QLIC to participate in the online investment services market without having to invest in a costly, Islamic-compliant, proprietary e-commerce platform,” she added.

Qatar Ladies Investment Company is the first established investment institution to be licensed and regulated by Qatar Central Bank. Although serving both men and women, the company focuses on the investment needs of female investors. Services include asset management, corporate services, family financial planning, and Islamic services.

iHilal's co-branded platform enables QLIC to provide its customers with benefits that include Islamic stock trade opportunities, Shari’ah-compliant mutual funds, and numerous investor decision-making tools.

“The benefits of iHilal’s new partnership with QLIC are two-fold: QLIC’s clients now have access to Islamic investment offerings available in world-leading financial markets through a regulated and credible platform, and iHilal now has gained access to the important financial market of Qatar through the leading regulated & licensed investment company,” said Abu Khadra, CEO of ihilal.com. The new platform will also allow QLIC to retain existing clients, attract new customers, expand its current service offerings, and introduce a new revenue stream for its operations.

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