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DOHA: Al Jazeera Finance has recently launched a new, more flexible approach to Shariah-Compliant financing, allowing customers a more comfortable manner in which to achieve their goals.
Al Jazeera Finance’s open financing assists its customers in creating tailor-made credit packages using Murabaha, Mosawama, Mosharaka and other Islamic financing models that can fully service their financing requirements unlike most banking models which focus on funding a single asset, says the company. Al Jazeera Finance CEO, Khursheed Hassan Qamber, said “We give our customers the freedom to tell us what they need, and we go out of our way to make these dreams a reality.”
“In doing this our customers can finance entire summer vacations or weddings for example, or they can buy a property, and at the same time furnish it.”
Qamber said that recognised as one of the founding Islamic financing companies in Qatar, the company has consistently redefined the financial landscape, pioneering bold innovations in the field of Shariah-compliant lending to meet the changing needs of its customers.”
“Our customers remain the sole focus of our attention. By providing them with the highest standards of service, transparency and flexibility, we are well equipped to meet the needs of both our individual and corporate clients,” he said.
“We are also committed to supporting companies, small and medium enterprises in particular, in financing their businesses and adding real value to their day-to-day operations.”
Early in 2009, the Company adopted a new corporate strategy, including a change in name and identity. This strategy looked to extend Al Jazeera Finance’s customer-centric approach, embracing a larger proportion of Qatar’s increasingly cosmopolitan population.
In 1990, Al Jazeera Finance pioneered the introduction of Shariah compliant financing in Qatar. Since then, the Company has grown and developed to become a market leader, recognised for its innovative solutions and customer-oriented services, and its commitment to sound corporate governance and corporate social responsibility, the company said.
Licensed by Qatar Central Bank (QCB) as a regulated Islamic finance company, Al Jazeera’s shareholding base comprises prominent financial and government institutions. These include Qatar Islamic Bank (QIB), Qatar Awqaf Authority, Qatar National Bank (QNB), General Authority for Minors’ Affairs, and Qatar Insurance Company (QIC).