Latest news with #AmorSaidAlAmri
Zawya
29-04-2025
- Business
- Zawya
Dhofar Islamic's Children Account: A secure path to financial responsibility and future savings
Muscat- Dhofar Islamic offers Children Account aimed at introducing children to Shariah compliant financial services, the basics of banking, financial responsibility as well as to help families save and invest for short-term or long-term goals such as education. The Children Account is rooted in the Islamic concept of Mudarabah and promotes savings habit via its attractive profit rates. This Account is available for children up to the age of 13, ensuring that even the youngest members of society can begin their journey towards financial literacy. With no minimum balance required to open the account, it is accessible to a wide range of families, making it an ideal option for those looking to create a secure savings plan for their children's future. A key feature of the account is the monthly distribution of profits, calculated on the average monthly balance. This means that every deposit made in the account is earning a return, helping the savings grow over time. Moreover, the account facilitates the seamless integration of monthly social protection program benefits, ensuring that children receive essential financial assistance directly. Highlighting the significance of the Children Account, Amor Said Al Amri ,DGM & Head of Dhofar Islamic Retail Banking stated: 'This Account is designed to empower parents to start saving for their children's future while simultaneously fostering financial responsibility from a young age. It serves as a solid foundation for important milestones, like education, while also introducing children to the concepts of money management, saving, and financial planning.' While the account is managed by the parent or guardian, who can deposit and withdraw funds at any time, Dhofar Islamic offers the convenience of an instant debit card issued in the guardian's name. This feature ensures easy access to funds while maintaining parental control. For those looking to open the account, the process is straightforward. Parents or legal guardians can easily open an account with just a few documents, such as the child's passport or national ID, the guardian's ID, proof of address, and additional documents for non-Omani residents. Dhofar Islamic remains committed to supporting families and the future of children in Oman, ensuring that every child has the opportunity to achieve their financial aspirations and goals. Through this initiative, the bank is not only securing a child's future but also empowering parents to take control of their financial journey. For more information on the diverse range of Shariah-compliant products and service offered by Dhofar Islamic please visit or contact us through 24/7 call centre services on 24775777.
Zawya
05-02-2025
- Business
- Zawya
Dhofar Islamic empowers future leaders through youth savings account
Muscat: Dhofar Islamic Youth Account is designed to meet the unique financial needs of Omani youth to help them achieve their various ambitions and dreams to reach financial independence and build responsible future leaders. This youth-oriented account is a testament to Dhofar Islamic's commitment to empowering youth through flexible and convenient banking solutions that enable them to achieve financial independence from an early age, as it is specifically designed to meet the needs of youth between the ages of 18 and 23. The Youth Account is a Shari'a compliant savings account (based on Mudarabah principles) specially crafted to cater to the unique needs of youth aged between 18 and 23 years. It comes with no minimum balance requirement and allows free fund transfers through mobile payment service ensuring that young account holders can enjoy their banking experience without any extra fees. This innovative youth-centric account is a testament to Dhofar Islamic's commitment to empowering the youth with convenient and flexible banking solutions that enable financial independence from an early age. Commenting on the launch of the Youth Account, Mr. Amor Said Al Amri, DGM and Head of Retail Banking - Dhofar Islamic said, 'Our Youth Account is designed to empower the young generation to learn essential money management skills, take control of their finances and build a strong financial foundation for their future. We are committed to providing them with the tools they need to start their career and achieve their financial goals." Dhofar Islamic is one of the leading Islamic windows in Oman setting the standard for the best customer experience within the banking industry in the Sultanate of Oman by adopting best international banking practices. It is also committed to following the best international practices in the Islamic banking sector. Therefore, Dhofar Islamic is keen to meet the aspirations of its valued customers by providing offers and services that are compatible with the provisions of Islamic Sharia. The Youth Account is available now at all Dhofar Islamic branches. For more information about the Youth Account and how to open an account, please visit any 25 branches around the Sultanate of Oman , or call our call center 24/7 on 24775777 for inquiries.
