Latest news with #AlRifaa
Zawya
24-04-2025
- Business
- Zawya
BankDhofar named Oman's fastest growing bank by branch network
Muscat – BankDhofar has been recognized as Oman's Fastest Growing Bank in terms of branch network expansion by world business outlook magazine . This prestigious award highlights the bank's commitment to enhancing accessibility and delivering a comprehensive suite of banking services tailored to meet the evolving needs of its diverse customer base. In the past two years, BankDhofar expanded its footprint by opening over 43 new branches, bringing its total to 131 branches across Oman, including 25 Dhofar Islamic branches. This achievement positions BankDhofar as the second-largest bank in the country in terms of branch network, with state-of-the-art facilities equipped with modern technology to enhance customer experience. BankDhofar continues to cater to a broad customer base, offering specialized banking solutions for women, youth, minors ,children, and high-income groups, particularly Al Riyada and Al Rifaa cardholders. High-net-worth individuals and their families also benefit from exclusive, confidential financial services designed to meet their unique needs. To support long-term financial planning, the bank provides investment and savings solutions, including fixed and recurring deposit accounts, education savings plans to help parents secure their children's higher education, and retirement savings accounts to assist employees in building long-term financial security. With customer experience at the heart of its operations, BankDhofar has taken proactive steps to enhance service quality, address customer feedback, and streamline banking processes. This has directly increased the onboarding of new customers through traditional and Islamic banking services in the last year, bringing the total number of customers to 600,000. Additionally, BankDhofar has strengthened its cybersecurity infrastructure, ensuring robust protection for customer data and banking operations. Reflecting its strong growth trajectory, BankDhofar reported a 12.5% increase in net profits, reaching OMR 43.6 million in 2024, compared to OMR 38.7 million in 2023. The bank also invested heavily in digital banking solutions, being among the first in Oman to introduce Apple Pay and Samsung Pay for seamless transactions, wholesale cash deposit machines to enhance business banking, and Easy Biz, a digital collections and settlement platform for enterprises. By prioritizing expansion, innovation, and customer satisfaction, BankDhofar continues to solidify its position as a leading financial institution in Oman.
Times of Oman
14-04-2025
- Business
- Times of Oman
Enjoy great benefits with Al-Rifaa Privilege Banking Account
Muscat: BankDhofar's Al Rifaa Privilege Banking Account is designed to provide customers with more than just premium banking services—it also offers a suite of lifestyle benefits tailored to meet their unique needs. Al Rifaa Privilege Banking combines personalised financial services with exclusive perks, including preferential rates on deposits and priority processing of transactions. This innovative product redefines premium banking, delivering superior customer experience, blending financial excellence with bespoke offers and services. Setting a new benchmark for personal banking services, Al Rifaa account holders enjoy priority transaction processing through BankDhofar's Branches and Call Centre along with additional deposit interest rates of up to 0.15%, along with preferential rates on high-yield savings accounts. A standout feature of the Al Rifaa account is the Platinum MasterCard Credit Card, which comes with a diverse collection of exclusive offers and services, including access to airport lounges in select countries, special offers, and reward points on both local and international purchases. Furthermore, account holders gain access to personal accident, car, and travel insurance, underscoring BankDhofar's commitment to complementing their lifestyles with excellence in every aspect. Muhannad bin Mahmoud Al Raisi, Head of Al Rifaa Privilege Banking said: 'We believe that banking is not just about transactions; it goes beyond that to fulfill dreams and enhance lifestyles. With Al Rifaa Account, we are working to raise the bar on personal banking services offered in the Sultanate of Oman.' As Oman's second-largest bank by branch network, BankDhofar is renowned for delivering integrated financial services to corporate and individual customers. Its adherence to international best practices, coupled with a strong emphasis on digital and technological innovation, ensures a superior banking experience across its diverse customer base. Existing customers with a minimum monthly salary of OMR700 or an average monthly deposit balance of OMR10,000 at BankDhofar can upgrade their current account to Al Rifaa Privilege Banking Account. BankDhofar remains committed to its vision of offering high-quality services to all customer segments. This commitment has positioned the bank among the best in the region. For more information, customers can visit any of BankDhofar's 131 branches including Dhofar Islamic, across Oman or access services through its extensive network of over 350 ATMs, cash deposit machines, and multi-use devices.
Zawya
27-03-2025
- Business
- Zawya
Dhofar Islamic's Al Rifaa Account offers competitive financing and exclusive benefits
MUSCAT: Dhofar Islamic's Al Rifaa Exclusive Banking Account continues to attract a growing number of customers, thanks to its exceptional privileges that combine Sharia-compliant financial solutions with personalized services tailored to the aspirations of distinguished clients. Marking a significant advancement in Islamic banking services, the Al Rifaa Exclusive Banking Account offers a unique blend of preferential financing, bespoke services, and rewarding benefits designed to enhance the customer experience. Account holders enjoy access to a range of premium banking facilities, including competitive financing rates, a Platinum Direct Debit Card, and a Titanium Credit Card with extensive privileges such as access to business lounges at selected airports, exclusive offers, and a rewards program for both local and international purchases. Additionally, the account provides seamless digital banking solutions via online and mobile platforms, ensuring convenience and efficiency in managing transactions. Commenting on the account's benefits, Amor Said Mohamed Al Amri, DGM & Head of Retail Banking Dhofar Islamic, said: "The Al Rifaa Exclusive Banking Account reflects our unwavering commitment to delivering innovative Sharia-compliant financial solutions that align with our customers' aspirations. More than just banking services, we aim to enrich our customers' lifestyles and help them achieve their financial goals. With Al Rifaa, we are redefining the personal banking experience in the Sultanate of Oman." Dhofar Islamic continues to strengthen its position in the Islamic banking sector by expanding its branch and ATM network, enhancing its portfolio of innovative products and services, and offering highly efficient credit card solutions. The bank also prioritizes customer experience by investing in digital advancements and ongoing employee training to maintain the highest service standards.
