Business & Finance Club Magazine - Financial Sector - Qatar: Leading Islamic bank Masraf Al Rayan has opened a new branch on the C-Ring Road. Masraf Al Rayan’s new branch will offer all retail banking products and services, 24-hour ATM withdrawal, a dedicated ladies’ section in addition to other facilities.

The C-Ring Road branch is part of the bank’s expansion plans in both network and products, centred on achieving a steady growth in its retail banking clientele.

Masraf Al Rayan Chairman and Managing Director Dr Hussain Ali al-Abdulla said: “In today’s challenging economic environment, it is essential we meet our customers’ growing needs and expectations. As part of this endeavour, we are pleased to announce the opening of our new branch on the C-Ring Road, which will go a long way in providing more convenience to customers in the area.

“We remain focused on expanding our branch network, customer base, increasing our market share and launching new products and services. We will shortly open another branch at the Wathnan Mall in Muaither to add more flexibility to our customers.”

Masraf Al Rayan chief executive officer Adel Mustafawi said: “At Masraf Al Rayan, we have always believed that an effective network of branches leads to higher customer convenience. Our new branch on the C-Ring Road and future expansion plans is all integral to our strategy to be within close proximity to our customers.”

The branch will operate Sunday through Thursday from 7.30am to 1pm.

Masraf Al Rayan offers a range of Shari’ah-compliant products and services conforming to the highest standards of Islamic finance.

Since launch, Masraf Al Rayan has brought out a series of products through Ijara, Musharaka, Murabaha, Mudaraba and Musawama.