Latest news with #IIRA
Zawya
23-04-2025
- Business
- Zawya
Sohar Islamic enters into strategic alliance with IIRA to advance Islamic banking excellence
Muscat: As part of its steadfast commitment to fostering sustainable growth and driving excellence within the Islamic financial landscape, Sohar Islamic, the Islamic banking window of Sohar International, has signed a Memorandum of Understanding (MoU) with the Islamic International Rating Agency (IIRA). The collaboration underscores the bank's proactive approach to aligning with global benchmarks in governance, while further enhancing the frameworks that underpin transparency and Sharia-compliant banking practices. The MoU was signed by Mr. Fahad Akbar Al Zadjali, Head of Islamic Banking, marking a significant milestone in Sohar Islamic's ongoing journey toward building a future-ready Islamic banking ecosystem. Commenting on the development, Mr. Fahad Akbar Al Zadjali, Head of Islamic Banking, stated, 'Islamic finance continues to gain traction, reflecting a growing appreciation for value-based, principled financial models. In this evolving landscape, it becomes imperative for institutions to ensure that every layer of operations—whether structural, procedural, or strategic—remains anchored in uncompromising integrity, rigorous oversight, and enduring authenticity. At Sohar Islamic, this extends beyond a regulatory imperative; it represents a core ethos that defines who we are and how we operate. Partnering with a distinguished institution such as IIRA represents a deliberate and forward-thinking step. Their deep specialization in analytical ratings and assessments offers a refined perspective that will enhance our internal frameworks, enabling us to deepen stakeholder trust, sharpen performance metrics, and create measurable long-term value. This collaboration also serves as a platform for knowledge exchange, enabling us to benchmark against best practices and pursue ever-higher standards as we continue to shape the future of Islamic finance.' IIRA plays a vital role in fostering financial stability and stakeholder confidence within Islamic financial institutions. By offering independent ratings, evaluations, and research services tailored to Sharia-compliant entities, IIRA bridges the gap between market expectations and institutional conduct, reinforcing industry-wide discipline, elevating transparency, and bolstering investor assurance. Sohar Islamic's alignment with IIRA underscores the bank's commitment to enhancing institutional resilience and long-term sustainability. Over the years, the bank has introduced a series of initiatives designed to strengthen its Islamic banking proposition—from product innovation and customer-centricity to the integration of robust governance frameworks. Through this partnership, Sohar Islamic aims to further deepen its market position by adopting data-driven assessments and embracing prudent risk management practices, ensuring closer synergy with globally recognized Islamic finance norms. The MoU with IIRA also reaffirms Sohar Islamic's dedication to contributing to Oman's national objectives, particularly in building a resilient and diversified financial sector rooted in ethical finance. As Islamic banking evolves to meet the needs of a new generation of clients and investors, the bank remains focused on cultivating purposeful collaborations that deliver lasting socio-economic value. About Sohar International With the vision to become a world-class Omani services company that helps customers, community and people to prosper and grow, Sohar International operates with a purpose to help people 'win' by delivering responsive banking for their ever-changing world, complementing their growth and prosperity with international standard service delivery. The Bank seeks to redefine banking in Oman through transformational developments centred on the principles of More Velocity, making everything simple and fast; More Value, ensuring relevance and connectivity to customers' world; and More Vision, liberating stakeholders through talented leadership.
Globe and Mail
06-02-2025
- Health
- Globe and Mail
New Skincare Brand, IIRA, Provides Clean Solutions For Hyperpigmentation, Skin Firmness, And Uneven Skin Tone
IIRA, a brand-new skincare brand, launches its flagship product, Hyper C Serum, for hyperpigmentation, skin firmness, and uneven skin tone. IIRA Skincare is proud to announce its line of vegan, cruelty-free skincare products designed to promote radiant and healthy skin. Founded by Sri Kalvakolanu, IIRA combines natural ingredients with scientific innovation to create effective solutions for specific skin concerns such as hyperpigmentation and firmness of skin. A Personal Journey to Effective Skincare Sri's passion for skincare began with her belief in its power to enhance physical, mental, and emotional well-being. After struggling with acne and dark spots since her teens, and later experiencing hyperpigmentation following the birth of her daughter in 2022, Sri was determined to find a solution. Through extensive research and collaboration with dermatological experts, she developed a groundbreaking serum that effectively addressed her skin concerns. This journey led to the creation of IIRA, a brand rooted in genuine experience and dedicated to empowering others with effective skincare solutions. About IIRA The name IIRA holds special significance, being both the name of Sri's daughter and a Sanskrit term for 'Earth.' This dual meaning embodies the brand's philosophy of celebrating natural beauty while embracing scientific advancements. IIRA combines Earth's purest gifts with cutting-edge innovation to create skincare that is as effective as it is gentle to maximize its purpose. Hyper C Serum: A Standout Product IIRA's flagship product, Hyper C Serum, is scientifically formulated to target hyperpigmentation, create even skin tones, and improve firmness for visibly radiant skin. Packed with eight powerful active ingredients, this lightweight, non-sticky serum is suitable for sensitive skin and perfect for daily use. It effectively fights dark spots, melasma, and post-inflammatory marks, helping users achieve a natural, healthy glow. Commitment to Values IIRA is committed to inclusivity, effectiveness, sustainability, and transparency. The brand celebrates diversity in beauty, creating products that welcome everyone. Each product is crafted with active ingredients, nourishing oils, and unique botanicals to ensure skin feels pampered and protected. IIRA also prioritizes sustainability, from eco-friendly packaging to reducing plastic use, and maintains transparency by fully disclosing every ingredient used. For more information, visit
Associated Press
05-02-2025
- Health
- Associated Press
New Skincare Brand, IIRA, Provides Clean Solutions For Hyperpigmentation, Skin Firmness, And Uneven Skin Tone
IIRA, a brand-new skincare brand, launches its flagship product, Hyper C Serum, for hyperpigmentation, skin firmness, and uneven skin tone. IIRA Skincare is proud to announce its line of vegan, cruelty-free skincare products designed to promote radiant and healthy skin. Founded by Sri Kalvakolanu, IIRA combines natural ingredients with scientific innovation to create effective solutions for specific skin concerns such as hyperpigmentation and firmness of skin. A Personal Journey to Effective Skincare Sri's passion for skincare began with her belief in its power to enhance physical, mental, and emotional well-being. After struggling with acne and dark spots since her teens, and later experiencing hyperpigmentation following the birth of her daughter in 2022, Sri was determined to find a solution. Through extensive research and collaboration with dermatological experts, she developed a groundbreaking serum that effectively addressed her skin concerns. This journey led to the creation of IIRA, a brand rooted in genuine experience and dedicated to empowering others with effective skincare solutions. About IIRA The name IIRA holds special significance, being both the name of Sri's daughter and a Sanskrit term for 'Earth.' This dual meaning embodies the brand's philosophy of celebrating natural beauty while embracing scientific advancements. IIRA combines Earth's purest gifts with cutting-edge innovation to create skincare that is as effective as it is gentle to maximize its purpose. Hyper C Serum: A Standout Product IIRA's flagship product, Hyper C Serum, is scientifically formulated to target hyperpigmentation, create even skin tones, and improve firmness for visibly radiant skin. Packed with eight powerful active ingredients, this lightweight, non-sticky serum is suitable for sensitive skin and perfect for daily use. It effectively fights dark spots, melasma, and post-inflammatory marks, helping users achieve a natural, healthy glow. Commitment to Values IIRA is committed to inclusivity, effectiveness, sustainability, and transparency. The brand celebrates diversity in beauty, creating products that welcome everyone. Each product is crafted with active ingredients, nourishing oils, and unique botanicals to ensure skin feels pampered and protected. IIRA also prioritizes sustainability, from eco-friendly packaging to reducing plastic use, and maintains transparency by fully disclosing every ingredient used. Media Contact
