As per Qatar Central Bank (QCB) guidelines, we are pleased to inform you that Mashreq will apply an International Bank Account Number (IBAN) to each of its records, which will be used for all internal and external settlements and mashreq cdm Dubai .
The International Bank Account Number (IBAN) is a global standard for identifying financial balances (excluding credit cards). The primary motive behind mashreq iban is to encourage the scheduled processing of cash movements, to improve the speed and accuracy of your share exchanges.
The Qatar Central Bank guidelines have been successful since 1 January 2014, so all banks in Qatar are required to familiarize themselves with and manage IBAN payment instructions. Therefore, it will be necessary for you to provide an IBAN for all instructions by the estimated date starting January 1, 2014, when determining stakes or receiving stakes in your registry. If you don't mind, be sure to pass the mashreq iban number from your record to all meetings from which you expect to receive transfers.
If an IBAN is not used, the entry and exit fees setup in your record will be denied with additional processing fees and mashreq cdm .
If you have the possibility of being successful in obtaining requests that affect your registration fees in recipient accounts in banks within Qatar other than Mashreq, then you must at that time correct the equivalent, giving an IBAN similar to the recipient's account its used in Dubai trade classic .
If you don't mind the note, all Mashreq's quota/address hosting channels will be upgraded for iban mashreq recognition as of January 1, 2014.
In a transition process to modernize financial departments in the country and improve customer convenience, Qatar Central Bank has chosen to implement the International Bank Account Number (IBAN) in Qatar, which will be mandatory enforceable from January 2014.