Doha, Qatar – 14/10/2025

AlRayan Bank, a leading Islamic bank in Qatar renowned for its innovation and commitment to Sharia-compliant banking, has partnered with Visa, a world leader in digital payments, to launch Visa Commercial Pay, Visa’s flagship Virtual Card platform for Commercial & Business clients, making AlRayan Bank the first Islamic Bank in Qatar to provide it. This strategic initiative positions AlRayan Bank at the forefront of digital transformation in Islamic banking.

Visa Commercial Pay is a cutting-edge digital payment solution designed to streamline and secure commercial transactions. Tailored for corporate clients, it empowers organizations with enhanced control over spending using their corporate cards, improved procurement efficiency, and reduced operational friction in payment processes.

This launch is the latest milestone in the longstanding partnership between AlRayan Bank and Visa, built on a shared vision of advancing digital payment ecosystems through innovation and customer-centric solutions. The introduction of Visa Commercial Pay reflects AlRayan Bank’s dedication to delivering next-generation payment tools that align with Islamic banking principles.

Mr. Fahad Bin Abdullah Al Khalifa, Group Chief Executive Officer at AlRayan Bank, commented: “We are proud to be the first Islamic bank in Qatar to introduce Visa Commercial Pay. This achievement underscores our unwavering commitment to innovation and digital empowerment within the Islamic banking sector. Our corporate clients will benefit from greater transparency, efficiency, and control in managing their commercial payments—enabling smarter, Sharia-compliant business transactions.”

Mr. Shashank Singh, Visa’s VP and General Manager for Qatar and Kuwait, said: “The introduction of Visa Commercial Pay to Qatar with AlRayan Bank offers local businesses a more efficient and secure way to manage their payments and expenses. As we progress, Visa remains dedicated to working closely with our partners like AlRayan Bank to further drive payments innovation in the business sector and support the Qatar government’s efforts in growing the country’s digital economy.”

Through Visa Commercial Pay, AlRayan Bank’s corporate customers gain access to a modern platform that simplifies payment workflows, enhances spend visibility, and streamlines reconciliation—key capabilities for financial agility and operational resilience in today’s dynamic business landscape.

This launch marks a significant step in AlRayan Bank’s journey to integrate Sharia-compliant banking with the latest digital innovations, reinforcing its role as a trusted partner for businesses seeking ethical and future-ready financial solutions.