Financial system allows exchange of funds between lender, borrower and investors. Banks play a major role in the development of economy by providing loans and financial services to the companies.
The Banks in Qatar are:
Qatar Central Bank
Qatar Central Bank is the bank of government which has the authority of Qatar's banking and fincial system. It implement policies which take care of the stability of the economy. The policies avoid financial imbalances.
Qatar Central bank maintains:
- Commodities and services prices
- Financial and banking stability
- Other macroeconomic suvch as interest rates, large-scale factors and development objectives.
- Riyal Exchange rate and being exchanged for other currencies.
Commercial Banks:
Banks which provide services to the companies and public. Qatar's commercial bank provides services such as current and savings accounts, loans, credit cards, overdrafts, payment processing, bank drafts and checking and safety deposit boxes and so on. Apart from these services, commercial banks also provide electronic banking facilities such as internet banking, mobile banking through which customers can do fund transfer, pay utility bill and numerous merchant electronic payment technologies.
Commercial Banks and their contact numbers are given below:
Bank Name | Phone Number |
---|---|
Ahli Bank QSC |
8002222 +974 44232222 |
Arab Bank | +974 44387878 |
Bank Saderat Iran | +974 44414646 +974 44430344 +974 44430345 |
BNP Paribas | +974 44537537 |
Commercial Bank | +974 44490000 |
Doha Bank | +974 44456000 |
HSBC | +974 44424722 |
IBQ | +974 44478000 |
Al Khaliji Bank | +974 44940000 |
Mashreq | +974 44083333 |
Qatar Development Bank | +974 44300000 |
QNB | +974 44407777 |
Standard Chartered Bank | +974 44248 601 |
United Bank Limited | +974 44254444 |
Islamic Banks:
Islamic Banks in Qatar and their contact numbers:
Bank Name | Phone Number |
---|---|
Barwa Bank | +974 44488888 |
Masraf Al Rayan | +974 44253333 |
QIB | +974 44448444 |
QIIB | +974 44625666 |
Qatar Stock Exchange:
Previously known as Doha Securities market, was founded in 1997 and is member of the World Federation of Exchanges. It facilitates share trading on locally based companies.
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