Doha, Qatar: Damaan Islamic Insurance Company (Beema), Qatar’s leading Islamic insurance provider, has signed a strategic partnership with PayLater, the country’s first QCB-licensed Shari’a-compliant Buy Now, Pay Later provider. The move comes as part of Beema’s fintech-driven transformation strategy to enhance accessibility and flexibility in Takaful services.

The collaboration will allow customers to pay insurance premiums in four equal, interest-free installments through PayLater, available both online and at Beema branches. This initiative enables individuals and families to better manage their insurance costs while staying aligned with Islamic finance principles.

Beema CEO Nasser Rashid Al Misnad said the partnership marks a milestone in its digital transformation journey, while PayLater Co-Founder Mohammed Al-Delaimi highlighted the shared commitment to reshaping financial experiences. The agreement reflects the growing demand for Shari’a-compliant digital solutions and reinforces Qatar’s leadership in financial innovation.