What is the SWIFT/BIC code format used in Qatar?

Every bank, EMI and PSP in Qatar that sends international payments has an 8 or 11 character SWIFT/BIC code. Ohmyfin lists 71 institutions in Qatar with an assigned BIC. You can verify any of them on this page or through the Ohmyfin API.

Is IBAN mandatory in Qatar?

Yes. IBAN is required for bank accounts in Qatar. The local IBAN follows the format QA2!n4!a21!c.

Qatar: SWIFT/BIC Codes & Payment Info

Browse banks, EMIs, PSPs and other organizations in Qatar that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.

Currency

QAR (Qatari Riyal)

IBAN

Mandatory (QA2!n4!a21!c)

Cross-border payments and banking in Qatar:

Information required by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, IBAN, and beneficiary bank address).

Payment Formatting Rules for QAR:

Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), and address (street address, city, country) of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Qatar must be included in the payment instructions.

Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is key to routing payments to the beneficiary bank (SWIFT BIC is 8 or 11 alphanumeric characters: xxxxQAxx or xxxxQAxxxxx).

Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.

Additional Information: The local market is closed on Fridays.

Cross-border invoice requirements for Qatar E-invoicing rules, tax IDs, mandatory fields and invoice language for invoices issued in Qatar.

SWIFT/BIC code holders in Qatar (71)

Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.

IFSOQAQ1 WASATA FINANCIAL SECURITIES

Analyze and plan cross-border transactions

Ohm reads your pacs.008, validates the beneficiary bank, checks the route and its correspondents, prepares the invoice and finds the right HS code.

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pacs.008.xml invoice.pdf

Can you analyze those documents?

Looks fine:

Beneficiary bank BIC and IBAN both check out
Payment route One correspondent, arrives next business day
Invoice Matches the amount and both parties
HS code Use 8471.30 for these goods, not ~~8473.30~~

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Qatar: SWIFT/BIC Codes & Payment Info

SWIFT/BIC code holders in Qatar (71)

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