← State of Embedded Finance 2026

Qib

Can Qatar's largest Islamic bank build a comprehensive digital financial services ecosystem — spanning BNPL, POS, payroll, and corporate banking — while remaining fully Shari'a-compliant?

HQDoha, Qatar
IndustryBank / National
The story

Qatar Islamic Bank (QIB) is one of Qatar's largest Islamic banks, operating under Shari'a principles across retail, corporate, and digital banking. The bank has increasingly invested in digital channels, offering internet banking for personal and corporate customers as well as a WPS (Wage Protection System) online portal. Recent embedded finance moves include a BNPL partnership with PayLater and a POS integration with Qatar Post, signalling a push toward embedded and digital financial services within Qatar's Islamic finance ecosystem.

Last 12 months
2024-12
2024
Product timeline
2024
Launched WPS Online portal for Wage Protection System payroll services.· banking
2024
Partnered with Qatar Post to launch a fully integrated postal delivery POS solution.· banking
2024
Partnered with PayLater to introduce Shari'a-compliant BNPL solutions in Qatar.· lending
Regulated entities
Islamic Bank Charter
Qatar (QCB)
Qatar Islamic Bank Q.P.S.C.
Bank
UK (PRA/FCA)
QIB (UK) plc
The stack
Banking / BaaS
Qatar Islamic Bank Q.P.S.C. (in-house)
Lending
Shari'a-compliant BNPL (Buy Now Pay Later)Corporate financingWorking capital finance
Accounting gap: none