Latest news with #BankDhofar
Zawya
02-06-2025
- Business
- Zawya
BankDhofar provides exclusive services and benefits to support SMEs
MUSCAT: Aligned with the government's ongoing efforts to empower small and medium-sized enterprises (SMEs) across Oman, BankDhofar Second-largest bank by branch network in the Sultanate of Oman Offers exclusive benefits for SMEs, contributing towards the growth and expansion of these businesses that further support & build the local economy. BankDhofar offers its SMEs a dedicated business account with features tailored specifically to the day-to-day needs. These include a smart point-of-sale (POS) system to facilitate sales transactions and boost revenue, a wage protection system that streamlines salary payments, and a remote cheque collection and deposit service that enables efficient processing of bulk cheques, offering greater flexibility to business owners. BankDhofar recently launched SME Pro innovative solutions that simplifies banking for SMEs by enabling instant registration without the need for paperwork or in-person visits. Business owners can sign up securely using a one-time password (OTP), ensuring convenience and enhanced protection. Additionally, with BankDhofar SME Pro, Business owners can benefit from a host of exclusive features designed to support their business needs. These include free transfers on the first transaction and every third transaction thereafter, applicable to both local and international transfers. Additionally, they will receive a complimentary annual checkbook, along with exemptions from service fees and annual credit card fees for the first year. SME owners will also be provided with a free direct debit card for the first year, six free Wage Protection System (WPS) transactions, access to a smart device point-of-sale (POS) system, remote check collection services, and a range of other value-added solutions tailored to enhance operational efficiency and financial flexibility. To further support SME growth, BankDhofar introduced a suite of credit cards designed exclusively for small and medium businesses. These cards are available without the need to submit additional financial documentation, and include Mastercard Gold, Mastercard Platinum, Mastercard World, Visa Gold, Visa Signature, and Visa Infinite options. The cards come with benefits such as first-year annual fee waivers, global acceptance, a rewards points program redeemable through the bank's mobile app or website, and complimentary access to airport lounges in various international destinations. For more information about the SME Pro platform and other SME-focused services, customers can visit any of more than 130 branches of BankDhofar across all governorates of the Sultanate, including Dhofar Islamic.
Zawya
27-05-2025
- Business
- Zawya
Dhofar Islamic's High Yield Account: A smart way to grow savings
Muscat – Dhofar Islamic, the Sharia-compliant window of BankDhofar, is highlighting the enhanced features of its High Yield Account, which is designed to help customers accelerate the growth of their savings through attractive profit rates. The bank is inviting customers to take full advantage of its High Yield Account - a flexible and rewarding savings solution that is structured to help individuals grow their funds through competitive profit rates based on the Islamic principle of 'Mudarabah'. This account offers a swift and straightforward access via any Dhofar Islamic branch or its state of the art mobile application. Existing and new account holders benefit from instant debit card issuance and monthly profit payments. The actual profit is calculated and distributed on a monthly basis, giving customers a clear and consistent view of their savings growth. Dhofar Islamic also ensures round-the-clock access to services, including local and international transfers, standing instructions, payment orders and deposit offerings through its comprehensive mobile and internet banking platforms. In a High Yield Account, the higher your average monthly balance, the higher your returns. It is a smart way for customers to grow their savings in a manner that's fully aligned with Shari'a principles. It combines the convenience of modern banking with a profit-sharing model that rewards disciplined saving. Based on the Islamic concept of 'Mudarabah', the account operates under a partnership model where customers provide their funds for the bank's Sharia-compliant business activities and, in return, receive a share of the generated profits. A key feature of this account is its tiered profit structure, rewarding customers with progressively higher returns as their average monthly balance increases. The High Yield Account is available to Omani nationals and resident expatriates aged 18 and above, including salaried and self-employed individuals, as well as minors. Dhofar Islamic encourages both existing and potential customers to explore the benefits of this account and experience a smarter way to grow their wealth. Dhofar Islamic offers a wide range of Shari'a compliant financial solutions, products and services that cater to the needs of its retail and corporate customers, which is continuously being positively reflected in the responses of our valued customers. For more information on Dhofar Islamic's products and services, visit any Dhofar Islamic branch or our website at
Zawya
25-05-2025
- Business
- Zawya
BankDhofar partners with Evergreen Gulf to transform e-waste disposal
MUSCAT: BankDhofar, guided by its sustainability-focused values, has signed a key agreement with Evergreen Gulf Recycling Hub LLC (EGRH), a leading Omani firm specializing in the environmentally safe recycling of electronic waste. Under the partnership, Salalah-based EGRH will manage the responsible disposal of all electrical and electronic equipment from BankDhofar's offices nationwide, once these items reach the end of their operational life. The agreement, effective from May 2025 through April 2027, covers a broad range of electronic waste—ranging from PCs, servers, laptops, printers, and UPS systems to peripheral accessories—collected across the Bank's extensive branch network. This initiative also strongly aligns with Oman's broader circular economy agenda, which promotes the reuse, recycling, and responsible management of resources to minimize waste and environmental harm. Electronic waste is particularly significant in this context. The BankDhofar–EGRH partnership exemplifies how institutions can operationalize circular economy principles while protecting public health and the environment. Equally important, EGRH has pledged to uphold the highest standards of data security. Any storage media or hardware containing residual data will be destroyed using certified processes to eliminate the risk of recovery or misuse. The entire handling and recycling process complies with internationally recognized protocols for confidential data management and environmental safety. For BankDhofar, this agreement marks a major step forward in operational sustainability. It enhances environmental performance while also supporting local SMEs like EGRH in developing profitable and environmentally impactful recycling ventures. The partnership reflects a broader trend of treating e-waste not just as a sustainability obligation, but as a component of value creation. This strategic move aligns with BankDhofar's commitment to long-term, responsible banking, as outlined in its 2024 Sustainability Report. The report reaffirms sustainability as the cornerstone of the Bank's operations, governance, and stakeholder engagement, and details goals aligned with Oman Vision 2040 and the United Nations Sustainable Development Goals (SDGs).
Zawya
19-05-2025
- Business
- Zawya
Bank Dhofar unveils next-generation ‘Intilaqa' digital account opening experience
Muscat: In a significant step towards enhancing customer convenience and supporting Oman's digital transformation agenda, Bank Dhofar has launched the new and improved version of its widely-used Intilaqa Digital Onboarding App. This upgraded platform marks a new era in account opening by offering a 100% digital, fully paperless process that redefines how customers begin their banking journey. The enhanced Intilaqa app enables customers to open a Savings Account, Children's Account, or High-Yield Account completely online, without visiting a branch or submitting physical documents. From identity verification to receiving the debit card, every step is digital. The process is completed through a secure video call, allowing real-time Know Your Customer (KYC) verification—one of the first such implementations in the Sultanate of Oman. The new digital journey is integrated seamlessly with Mala'a, Oman's Credit and Financial Information Centre operating under the Central Bank of Oman. This ensures that customer onboarding is not only fast and convenient but also fully compliant with national regulatory standards, offering both speed and security. This transformation underscores Bank Dhofar's commitment to putting customers at the heart of innovation. Whether it's a young professional looking to manage finances on-the-go, a father opening an account for their child, or a resident in a remote area seeking accessible services, Intilaqa delivers a smart, intuitive, and frictionless banking experience to all. Customers who complete their onboarding receive their debit cards delivered directly to their doorstep, eliminating the need for branch visits entirely. The onboarding process has been streamlined to take only a few minutes, offering the kind of speed and simplicity that aligns with the needs of today's fast-paced, digital-first world. The launch of the enhanced Intilaqa app is a key milestone in Bank Dhofar's broader digital banking strategy. Alongside recent innovations such as Dhofar Pay, Apple Pay, Samsung Pay, and virtual merchant accounts for seamless reconciliation, Bank Dhofar is building a cohesive, customer-centric digital ecosystem that aligns with Oman Vision 2040 and sets new industry benchmarks. To ensure successful adoption, Bank Dhofar has also trained frontline staff extensively, equipping them to guide customers through the digital onboarding process and provide end-to-end support. By embracing the latest in fintech, compliance, and user experience design, Bank Dhofar continues to strengthen its leadership in the digital banking space—making banking smarter, faster, and more accessible for everyone in Oman.
Zawya
13-05-2025
- Business
- Zawya
BankDhofar unveils ‘Bank on Wheels' to bring branch-level services directly to customers
MUSCAT: In a groundbreaking step toward enhancing accessibility and convenience, BankDhofar has launched its innovative 'Bank on Wheels' initiative a fully equipped mobile banking branch that brings financial services directly to customers, wherever they are. This customer-centric service reflects the bank's commitment to delivering inclusive, personalized, and technologically advanced banking experiences across the Sultanate of Oman. The eye-catching, custom-designed mobile van decked out in BankDhofar's signature brand colours is set to traverse both urban centres and rural communities, bridging the distance between customers and essential financial services. Designed as a one-stop mobile branch, the Bank on Wheels initiative marks a major leap in customer engagement and financial inclusion. Built for accessibility, the van is purpose-designed to reach remote villages, underserved neighborhoods, and high-density city zones alike. It ensures that people without easy access to traditional branches — such as the elderly, those with mobility challenges, or customers in distant regions can benefit from reliable, face-to-face banking services. Inside, customers will be able to complete a wide range of transactions, including deposits, account openings, loan applications, and financial consultations, all handled by BankDhofar staff trained to provide a seamless experience. The van is fitted with advanced digital systems that replicate the technological capabilities of a modern brick-and-mortar branch. Secure digital terminals, biometric authentication, and integration with mobile banking platforms allow real-time processing of services. The vehicle is also equipped with constant connectivity via Wi-Fi and encrypted communications, ensuring live access to account data and smooth transaction handling. Designed with comfort and privacy in mind, the van's interior features a welcoming, climate-controlled atmosphere, complete with seating areas and private consultation spaces that allow customers to interact with bank personnel confidentially and comfortably. The mobile branch is also fully accessible for people with disabilities, reinforcing BankDhofar's commitment to inclusivity. By bringing the bank to the people, BankDhofar not only expands its service footprint but also deepens its role as a community-focused financial partner. The Bank on Wheels initiative exemplifies BankDhofar's broader vision to build a more inclusive, empowered, and financially literate society through innovative service delivery and grassroots engagement. It is yet another demonstration of how the bank is leading by example in transforming accessibility into opportunity for every citizen.
