AFS and Qatar International Islamic Bank (QIIB) announce a joint agreement

Notes and media contacts

About AFS:
Founded in 1984, AFS is the region's leading provider of electronic -payments and consumer finance outsourcing services. Created by the financial industry to service and support financial institutions in the region and beyond. AFS is owned by 45 of the region's leading banks and currently provides outsourcing services to over 50 banks and financial institutions.

Through leveraging best-in-class technology and know-how, AFS provides clients with reliable, efficient and easy-to-use systems, supported by processing services for their card issuing, merchant acquiring and consumer finance. The comprehensive range of services offered by the company include application and transaction processing, authorizations, customer service, card issuance, fraud detection and reporting, statement issuing and dispatching, dispute and chargeback processing, reporting, settlement, reconciliation and loyalty programs.

About Qatar International Bank:
Qatar International Islamic Bank was established in 1991. At present it operates eight retail branches in Doha plus a limited service office at Doha International Office. All its branches are online and equipped with state of the art computer systems.

The bank has 32 ATMs in service with more machines planned this year.

QIIB services include deposits, retail & corporate finance products, trade finance services, credit cards, safe deposit boxes, portfolio investments, money transfers and many other financial services.

QIIB offers various deposit, investment and financing alternatives for individual and corporate customers in accordance with "Sharia".

QIIB has achieved extraordinary success, thanks to loyal and growing customer base, its conservative credit policies and its healthy return on investment to depositors and shareholders.

Qatar International Islamic Bank issues both Visa & MasterCards besides the electron debit card. QIIB is already certified by Visa Int'l as EMV acquirer and is in the process of issuing EMV cards in 2006.

Media Contacts
Radwa Allabban
PR Senior Account Manager
Memac Ogilvy Public Relations
Tel: +973 17578726