Forbes ranks Alfardan Exchange the number one exchange house in Qatar and amongst top 20 exchange houses in the Middle East
(Qatar) October 20, 2020: Alfardan Exchange, the leader in exchange and financial services in the Qatar, has been ranked the number one exchange house in Qatar on Forbes’s recent ranking of top exchange houses in the Middle East. The ranking, which looked at factors such as average monthly remittances, number of branches, age of the company, services offered, recent innovation, editorial points and geographical expansion, also ranked Alfardan Exchange amongst the top 20 exchange houses in the entire Middle East, thanks to its multitude of financial services including, exchange, remittance, Travel Card and gold bullion sales.
Launched in 1971, Alfardan Exchange was founded in order to service the needs of the region’s millions of expatriates and the thriving foreign businesses investing in Qatar and across the Middle East. Alfardan Exchange has gone on to become the premier exchange house in Qatar, thanks to the introduction of a wide range of financial services with faster and more cost-effective options than those offered by conventional banks and by offering the best rates and competitive margins. Alfardan Exchange is a member in the Union of Arab Banks. The exchange is also the Digital Master Agent for Western Union and provides remittance services through traditional channels as well as mobile application and an online web portal.
“Being ranked the number one exchange house in Qatar by Forbes Middle East comes as a true testament to our legacy and commitment to serving the people of Qatar,” explains Fahad Hussain Alfardan, president of Alfardan Exchange. “It confirms that our continued focus on customer service, innovation, and applying the latest technologies across all our services are indeed paying off. We are very proud that our efforts have been recognized through such an esteemed ranking. As Forbes mentioned in their ranking, exchange houses are more important than ever, especially in the Middle East; as they are vital to our global economy and provide services that millions rely upon daily. We are honored to be able to provide such an important service and we treat it as a very important responsibility to always ensure that we live up to the high standards of excellence that Alfardan is known for. We never forget the importance of what we do and that is why we are constantly seeking ways to innovate and make sure our financial services are easy, convenient, and trustworthy for all our customers.”
Thanks to its established relationships with more than 130 financial institutions around the world, the Alfardan Exchange is able to facilitate money transfers in a modern, convenient and safe manner, something which was noted when Forbes was compiling its ranking of top exchange houses.
Along with providing secure remittance services, the exchange is innovating how business and leisure travelers use foreign currency while abroad. The newly created Alfardan Master Card Cash Passport Platinum is a secure alternative to cash while abroad. The card allows customers to pre-load any amount in six different currencies including Qatari riyals, US dollars, pound sterling, Euros, Canadian dollars, and Australian dollars and to spend the currency via point of sale, ATM or online transaction.
More information about the Forbes ranking of the top 20 exchange houses in the Middle East, can be found on the Forbes website.