Send money to
Masraf Al Rayan Bank Account
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Estimated delivery time
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Why choose Masraf Al Rayan Bank?
Masraf Al Rayan is an Islamic bank located in Qatar that offers banking, finance, investment, and brokerage services throughout the country. The bank was established in January 2006 and is regulated by the Central Bank of Qatar. Masraf Al Rayan is Qatar's second-largest Islamic bank by market capitalization. Retail banking, wholesale banking, and private banking are the three primary business segments of the company. Masraf Al Rayan is a Qatar Exchange-listed company with blue-chip investors, corporations, and high-net-worth individuals among its top 20 shareholders.
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Hamad
Sending money abroad through this service is a breeze – it's fast, secure, reliable, and backed by exceptional customer service.
Fatima
It’s simply the easiest way to send money abroad. The transactions are fast, secure and reliable and they have amazing customer service.
Nasser
Transferred funds to India on Monday, and they arrived at my mother's in 5 minutes. No hassle and is way better than the banks as it is much faster less/no fees, and has better conversion rates. That is my go-to money transfers going forward.... ditch the banks
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How to Send Money to Masraf Al Rayan Bank
Register for a Free Remitbee Account
Make an account with RemitBee. The account comes with the RemitBee Wallet, a secure and easy-to-use digital wallet.
Provide your personal information
Enter your full name, home address, and work title to complete your profile. Make sure your contact information is up to date, such as your phone number and email address.
Enter Recipient's Information
Fill in the name, address, and phone number of the receiver. The recipient’s bank's swift code and IBAN will also be needed.
Check the exchange rate
If the CAD/QAR exchange rate is favorable, enter the amount to be sent, choose a payment method, and finish the transaction by following the on-screen instructions. Although currency conversion rates fluctuate on a daily basis, the amount for each payment method stays fixed.
Track Your Transaction
You will be contacted via email once the money has been sent. The RemitBee app allows you to track the status of your money transfer.
Send to all major banks in Qatar
What information you’ll need to complete the transfer
Wire Transfer to Bank account
Recipient's name: The recipient’s name as it appears on the bank statement- Recipient's address:Phone number and home address of the recipient
- Swift number: Swift code for Masraf Al Rayan Bank (MAFRQAQAXXX)
- IBAN Number: The International Bank Account Number (IBAN)
How RemitBee calculates the CAD to QAR Exchange Rate
The transfer charges may be estimated ahead of time. Our currency conversion rates are some of the best in the business. You can expect to pay a charge if you transfer money using a credit card. The RemitBee Wallet, on the other hand, is completely free to use.
What are the benefits of sending
directly to Masraf Al Rayan Bank?
directly to Masraf Al Rayan Bank?
Convenient Process
To make a transfer, you do not need to be stuck in traffic or at the bank for an extended period of time. You have the flexibility to transfer money to anybody, anywhere, at any time with RemitBee.
Safer
For years, we've been securely delivering money, so you can trust us with your financial transactions.
Quick access
After the transfer is completed, you will have instant access to the money
Complimentary
If you transfer $500 or more using the RemitBee wallet, you will not be charged anything
How international money transfers work
One of the banks will establish the exchange rate between CAD and QAR. Money will be moved across SWIFT accounts as soon as the task is completed.
Check our refer and earn program!
Discover the attractive referral program by RemitBee, presenting fantastic rewards! Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend only needs to send a minimum of C$200 or exchange at least C$1,000. With abundant referral opportunities, embark on your earning journey with RemitBee today!
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Frequently Asked Questions
How can I pay for my money transfer to Masraf Al Rayan Bank?
Electronic funds transfer (EFT), bill payment (Visa or Mastercard Debit), or Interac Online (Canada's electronic banking system) are all options for paying for your transfer.
What delivery options are available for transfers to Qatar?
The only option is to utilize a bank transfer for the time being. Normally, the turnaround time is a few minutes, but it might take up to one business day. Some, on the other hand, are promptly transferred.
What is the maximum amount I can send to a Masraf Al Ryan Bank account?
The maximum amount you may send per day with a verified account is $9,000, and the highest amount you can send per month is $50,000.
Does RemitBee have a referral program?
Yes, for every 3 friends you refer, you will get $20.