QATAR ISLAMIC BANK Mortgage Loan - For Qatari 

Minimum Salary needed QR 10,000
Maximum amount available 30% Down Payment
Length of Loan 20 years
Profit Rate Not mentioned
Upfront Fees ( if any ) No
Eligibility 75% of the Basic Salary and social allowance; Age between 18 - 65; Confirmed Employment Status; Evaluation of the property through two companies accredited by QIB, and the subsequent reports
Main Features Takaful insurance for the finance; Attractive profit rates; Shari'a-compliant; No guarantor required; Fixed monthly installments with transparent service; Ability to pay other finances concurrently; Available for approved and non-approved companies


Qatar Islamic Bank, the country’s largest Islamic financial institution is one that strives to ensure that its customers’ needs come first. This is seen in the excellent level of service provided, the dedicated lounges as well as the “ladies only’ private centers that are a feature in all 30 QIB bank branches in the state of Qatar.  In addition to its banking activities, QIB provides a number of other financial investment services through its subsidiaries i.e. Al Jazeera Finance and Aqar Real Estate. Over the years, the bank has expanded its coverage to other countries including Sudan, Malaysia and the United Kingdom.

Mortgage Loan

QIB’s mortgage loan is one of the best loan options available to help one realize their dream of owning property in Qatar.  This Sharia-compliant package features competitive interest rates as well as maximum financing limited to 70% of the property value. Some of the features of the loan option include lack of administration charges as well as fixed monthly installments. Qatari nationals are required to have a down payment of 30% of the required loan amount as well as a minimum salary of QR 10,000. Moreover, eligible clients need to be between the ages of 18 and 65. It should be noted that maximum monthly installments are set based on 75% of one’s basic salary.


Doha is home to a number of international companies including the three largest oil companies in the state which include Ras Gas and Qatar Petroleum.  Moreover, the country’s capital is also home to the Education city, a region dedicated to research and education. Aside from its economy and its great institutions including its museums of both modern and traditional art, the city is also home to a vast number of shopping malls. These include the City Center Doha, probably the largest shopping mall in the region, as well as the air-conditioned yet traditional market, the Souq Waqif. Moreover, the city is also home to its very own sports center, the Doha Sports city which sits right next to the venetian-themed shopping mall, the Villagio.