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Zawya
21-04-2025
- Business
- Zawya
Oman: Dhofar Islamic leads the Islamic banking sector through 25 branches
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. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
18-04-2025
- Business
- Muscat Daily
Dhofar Islamic leads Islamic banking sector 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.
Zawya
17-04-2025
- 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.
Muscat Daily
10-02-2025
- Business
- Muscat Daily
BankDhofar engages with Al Riadah customers
BankDhofar, the second-largest bank in the Sultanate of Oman by branch network size, hosted an exclusive reception for its premier banking customers in the Wilayat of Duqm, Al Wusta Governorate. The event was held under the patronage of H E Sheikh Bader bin Nasser al Farsi, Wali of Duqm, and was attended by senior bank officials, representatives from local government agencies, and key executives from major companies in Oman. As the first event of its kind in Al Wusta Governorate, this gathering aimed to build stronger connections with BankDhofar's elite clientele and corporate executives. Attendees were introduced to the bank's suite of tailored financial solutions, particularly its newly launched Private Banking Services division, which is dedicated to helping premium customers and their families manage their wealth with confidence and expertise. Amjad Iqbal bin Hassan al Lawati, Chief Retail Banking Officer at BankDhofar, commented: 'BankDhofar is committed to deepening relationships with our valued customers by engaging with them directly, understanding their needs, and incorporating their feedback into our service offerings. This meeting with our esteemed clients in Al Wusta, particularly in Wilayat of Duqm, reflects our dedication to customer satisfaction.' Attendees were also introduced to the exclusive benefits of BankDhofar's Al Riadah Privilege Banking Account, designed to complement their modern and fast-paced lifestyle. Features include attractive monthly interest rates on high-yield savings accounts, a variety of loan and deposit products, a robust rewards program, and seamless banking through the mobile application. BankDhofar offers Al Riadah customers a range of premium financial services, including the Visa Infinite Debit Card, Visa Signature Debit Card, Visa Signature Credit Card, Visa Infinite Credit Card, and MasterCard World Credit Card. These cards provide customers with benefits such as hotel bookings, shopping protection, purchase security, access to international business lounges, and more. Additionally, the exclusive BankDhofar Rewards Program allows customers to earn and redeem points through the bank's mobile banking application, enhancing their overall banking experience. With a strong focus on growth, innovation, and customer satisfaction, BankDhofar achieved a net profit increase of 12.5% in 2024, reaching RO43.6 million compared to RO38.7 million in 2023. The bank continues to lead in digital transformation, being one of the first in Oman to introduce Apple Pay and Samsung Pay. Its commitment to modernisation is further reflected in the deployment of wholesale cash deposit machines and the launch of Easy Biz, a digital collection and settlement platform. Additionally, BankDhofar continues to make significant strides in cybersecurity, reinforcing its dedication to safeguarding customer transactions and data. BankDhofar remains committed to providing a comprehensive range of banking solutions tailored to all segments of society, including women, youth, children, and high-income groups. With a network of 131 branches across Oman, the bank ensures accessibility and superior service for its diverse clientele.
