QIIG and PayLater drive ethical digital payments in Qatar

By Vriti Gothi

Qatar Islamic Insurance Group (QIIG) has partnered with PayLater, the Qatari company licensed by the Qatar Central Bank to offer Shari’a-compliant Buy Now, Pay Later (BNPL) services, marking a strategic advance in ethical digital payments within Qatar’s insurance landscape.

The partnership strengthens QIIG’s digital transformation agenda by integrating PayLater’s fully Shari’a-compliant instalment platform across its portfolio of insurance products. Customers will be able to purchase any QIIG policy and pay premiums in four equal, interest-free instalments, ensuring an accessible, secure and ethically aligned payment experience. The initiative reinforces both organisations’ commitment to customer-centricity, responsible financial empowerment and the continued expansion of Qatar’s FinTech ecosystem.

The agreement was formalised during an official signing ceremony attended by Mohammed Al-Rasheed, Executive Director of Motor Insurance at Qatar Islamic Insurance Group, and Mohammad Al Dulaimi, Co-Founder of PayLater, alongside senior leaders from both organisations.

Mohammed Al-Rasheed, Executive Director of Motor Insurance at Qatar Islamic Insurance Group, said, “This partnership reinforces QIIG’s vision to enhance customer experience through innovative and accessible insurance solutions. Providing flexible instalment options for our insurance products reflects our commitment to offering customers the financial convenience they need while also keeping pace with digital advancements through effective and fruitful partnerships.”

Mohammad Al Dulaimi, Co-Founder of PayLater, added, “This partnership reflects our shared commitment to driving innovation in Qatar’s financial sector. Integrating PayLater’s services with QIIG’s trusted insurance solutions empowers customers to manage their premiums more flexibly and conveniently. Together, we are building customer-centric solutions that promote responsible financial empowerment and contribute to advancing the country’s FinTech ecosystem.”

By embedding frictionless BNPL capabilities into insurance payments, the collaboration positions QIIG at the forefront of digitally enabled, Shari’a-compliant financial services in Qatar. It further underscores the Group’s dedication to supporting the nation’s broader digital transformation trajectory and strengthening the role of advanced financial technologies in the insurance sector.