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Dhofar Islamic leads the Islamic banking sector through 25 branches distributed across the Sultanate of Oman
Dhofar Islamic leads the Islamic banking sector through 25 branches distributed across the Sultanate of Oman

Zawya

time17-04-2025

  • Business
  • Zawya

Dhofar Islamic leads the Islamic banking sector through 25 branches distributed across the Sultanate of Oman

MUSCAT: The Islamic banking sector in Oman has seen a transformative journey since its inception over a decade ago .Today, it plays a pivotal role in driving economic growth, financing critical projects, and aligning with Oman Vision 2040. Amor Said Mohamed Al Amri, DGM & Head of Retail Banking Dhofar Islamic , highlighted the sector's robust growth. "Over the last ten years, Islamic banking in Oman has matured significantly, gaining a growing share of the market. This progress reflects the expertise, visionary leadership, and ability to innovate while meeting the needs of society and investors alike. Dhofar Islamic, formerly known as Maisarah Islamic Banking, has emerged as a key player in Oman's Islamic banking sector. Its recent rebranding signifies a renewed commitment to innovation and customer-centricity. "The new Dhofar Islamic identity embodies a blend of heritage and modernity, symbolized by our logo's transition from a single star to a galaxy of capabilities, reflecting our core values of ethical banking, transparency, and excellence. The bank has made significant strides in expanding its offerings, launching innovative products like the Savings Plan and MasterCard World Credit Card, and supporting the financing of major projects across sectors such as energy, real estate, and infrastructure. It has also established a 10-Year OMR 250 million Sukuk Al Musharaka Program, enabling it to tap into Islamic capital markets. Supporting small and medium enterprises (SMEs) is a top priority for Dhofar Islamic. The bank provides financing, training, and consulting services to foster innovation and entrepreneurship. It has also significantly invested in digital banking, enhancing customer experiences through mobile applications and electronic payment systems. Dhofar Islamic's 25 branches network and its growing portfolio of Sharia-compliant products are testaments to its commitment to meeting the diverse needs of its customers. By continually innovating, embracing sustainability, and supporting national development, Dhofar Islamic is set to play an even greater role in shaping the future of Islamic banking in Oman.

Dhofar Islamic's Al Rifaa Account offers competitive financing and exclusive benefits
Dhofar Islamic's Al Rifaa Account offers competitive financing and exclusive benefits

Zawya

time27-03-2025

  • 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.

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