09.02.2010 - QNB Al Islami deal launches "Thimaar"
From Cpifinancial.net: QNB Al Islami and Qatar's Ministry of Awqaf & Islamic Affairs have signed an agreement to launch "Thimaar", a new e-payment system that will be distributed in the form of prepaid cards to beneficiaries of the Ministry's Sandoq Al-Zakat programme. The agreement was signed by QNB Group Chief Executive Officer Ali Shareef Al-Emadi and HE Ahmad bin Abdulla Almari, Minister of Awqaf & Islamic Affairs. The prepaid cards will be inclusive of a fixed usage value, with balances being updated automatically each month. "Thimaar" is not a debit card and therefore does not provide cash at ATMs........................................Full Article: Source
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