Compare Fixed-Rate Deposits in Qatar

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20 live offers compared from 17 providers, from QAR 3. Updated daily.

What is a fixed deposit in Qatar?

A fixed deposit — also called a term deposit — locks a lump sum with a bank for a set period in return for a guaranteed return paid at maturity. It is one of the most popular low-risk savings tools in Qatar for residents and expats holding riyals or foreign currency. Islamic banks offer a Shariah-compliant equivalent, the Wakala or Mudaraba deposit, which pays an expected profit rate rather than conventional interest.

How the Qatari market works

Fixed deposits are offered by all major Qatari banks and regulated by the Qatar Central Bank, which sets the benchmark rates that influence deposit pricing. You choose a term — typically one month to several years — and a currency, most often Qatari riyals (QAR), which is pegged near 3.64 to the US dollar. Conventional banks quote an interest rate; Islamic banks such as QIB and Masraf Al Rayan quote a profit rate on Shariah-structured deposits.

Benefits

Guaranteed return — The rate is fixed at the outset, so you know the payout at maturity.

Capital security — Deposits with licensed Qatari banks carry very low risk to principal.

Shariah options — Islamic banks offer profit-based deposits for compliant savers.

Higher rates than current accounts — Locking funds typically earns more than instant-access balances.

How to choose

Compare the headline rate against the term and any minimum-balance requirement, and be sure you will not need the money before maturity, since early withdrawal usually forfeits some or all of the return. Decide between conventional interest and an Islamic profit rate, and check whether interest is paid monthly, at maturity, or compounded. Longer terms and larger balances often earn more, but weigh that against flexibility and expected rate movements.

Leading providers in Qatar

Fixed and term deposits are offered by QNB, Commercial Bank, Doha Bank, Ahlibank and Gulf Wahda Bank on a conventional basis, and by Qatar Islamic Bank, Masraf Al Rayan and Dukhan Bank on a Shariah-compliant profit basis. Rates and minimum deposits vary by bank, term and currency, so it is worth comparing several before locking in.

What it costs

Fixed deposits do not cost a fee — instead the return is the rate you earn. On the compared products, rates run from roughly 3.0% to 4.8% depending on term, balance and currency. Islamic deposits express this as an expected profit rate. The main cost to watch is opportunity: breaking the deposit early typically reduces or cancels the return, so match the term to your cash-flow needs.

Protections and regulation

Banks in Qatar are licensed and supervised by the Qatar Central Bank, which oversees prudential soundness and conduct. Qatar's banking sector is well-capitalised, giving fixed deposits a strong safety profile, though there is no single publicly branded deposit-insurance scheme equivalent to some Western markets — protection rests on QCB supervision and bank strength. Islamic deposits additionally follow Shariah-board governance for compliance.

Common questions

Is my capital safe? — Deposits with QCB-licensed banks are very low risk. Can I withdraw early? — Usually yes, but you typically lose some or all of the return. Is there an Islamic version? — Yes; QIB, Masraf Al Rayan and Dukhan offer profit-rate deposits. Can expats open one? — Yes; residents can hold QAR or foreign-currency deposits.

Fixed-Rate Deposits in Qatar — FAQ