Doha, Qatar — PayLater, a leading provider of Shari’a-compliant Buy Now, Pay Later (BNPL) solutions, has announced a strategic partnership with Damaan Islamic Insurance Company (Beema), marking a significant milestone in the evolution of Qatar’s insurance sector.
Through this collaboration, Beema customers will now have the option to split their insurance payments using PayLater’s interest-free, Shari’a-compliant financing solution—bringing greater convenience, flexibility, and affordability to insurance purchases in Qatar.
The official signing ceremony was attended by senior leadership from both organizations. Speaking on the occasion, Mohammed Al-Delaimi, Co-Founder and CEO of PayLater, said:
“We are honored to partner with Beema, a trusted leader in Qatar’s insurance landscape. This collaboration reflects our joint commitment to rethinking traditional financial experiences and delivering seamless, Shari’a-compliant payment solutions that empower individuals and families to manage their expenses more comfortably.”
The integration of PayLater’s payment solution into Beema’s offerings is expected to enhance financial accessibility for customers, particularly as consumers increasingly seek flexible and transparent financial services.
“We’re excited to bring a new layer of simplicity and ease to the insurance space,” Al-Delaimi added. “We thank the Beema team for their trust and collaboration in making this vision a reality.”
This partnership underscores a broader trend toward digital financial innovation in the region, with both PayLater and Beema leading the charge in aligning convenience with compliance and customer-centricity.
