Latest news with #ZuwainaAbdullahAlSharji
Zawya
23-07-2025
- Business
- Zawya
Oman: Bank Muscat enables IBAN Service for Fund Transfers across borders
Muscat: In a commitment to enhance payment system efficiency and align with international standards for improved customer experience, Bank Muscat, the leading financial services provider in the Sultanate of Oman, has begun to support the International Bank Account Number (IBAN) for fund transfers across borders starting July 1, 2025. This initiative, in accordance with directives from the Central Bank of Oman (CBO), aims to reduce operational errors and speed up financial transactions between individuals and businesses, ultimately providing beneficiaries with safer and smoother transfers. As part of these directives, cross-border transfers that do not utilize the IBAN will no longer be accepted as of July 1, 2025. The IBAN will be a prerequisite to receive all fund transfers to Oman, while domestic transfers will still have the option to use either the IBAN or the traditional account number. Zuwaina Abdullah Al Sharji, Assistant General Manager of Central Operations & Change Management at Bank Muscat, stated, "The bank is committed to complying with international standards and implementing best banking practices. The decision to adopt the IBAN is intended to accelerate bank transfers (STP), standardize account coordination among all banks, reduce human errors in account entry, and adhere to international standards like the SWIFT system. This will significantly enhance the security and speed of transaction processing." Al Sharji emphasized Bank Muscat's dedication to integrating the latest banking systems to facilitate the swift completion of transactions for individual and corporate customers, ensuring an exceptional banking experience that meets contemporary local and international standards. She encouraged customers to include a valid IBAN from their account information and to follow the issued guidelines to avoid any complications during transfer operations. Customers can easily obtain their IBAN through various channels, including Internet Banking, Mobile Banking, visiting a branch, calling customer service, or accessing the dedicated page: ( The IBAN is also typically displayed next to the account number on bank statements. Bank Muscat is committed to excellence in managing its operations and services, striving to apply the highest efficiency standards in fund transfers and transactions with minimal manual intervention. This dedication enhances transaction quality and minimizes payment delays. The bank offers a variety of money transfer services accessible through multiple channels, including branches across the governorates, Internet Banking, and Mobile Banking. Customers can also benefit from swift transfer options to countries such as India, Pakistan, Bangladesh, the Philippines, and Sri Lanka. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
22-07-2025
- Business
- Times of Oman
Bank Muscat enables IBAN Service for Fund Transfers across borders
Muscat: In a commitment to enhance payment system efficiency and align with international standards for improved customer experience, Bank Muscat, the leading financial services provider in the Sultanate of Oman, has begun to support the International Bank Account Number (IBAN) for fund transfers across borders starting July 1, 2025. This initiative, in accordance with directives from the Central Bank of Oman (CBO), aims to reduce operational errors and speed up financial transactions between individuals and businesses, ultimately providing beneficiaries with safer and smoother transfers. As part of these directives, cross-border transfers that do not utilize the IBAN will no longer be accepted as of July 1, 2025. The IBAN will be a prerequisite to receive all fund transfers to Oman, while domestic transfers will still have the option to use either the IBAN or the traditional account number. Zuwaina Abdullah Al Sharji, Assistant General Manager of Central Operations & Change Management at Bank Muscat, stated, "The bank is committed to complying with international standards and implementing best banking practices. The decision to adopt the IBAN is intended to accelerate bank transfers (STP), standardize account coordination among all banks, reduce human errors in account entry, and adhere to international standards like the SWIFT system. This will significantly enhance the security and speed of transaction processing." Al Sharji emphasized Bank Muscat's dedication to integrating the latest banking systems to facilitate the swift completion of transactions for individual and corporate customers, ensuring an exceptional banking experience that meets contemporary local and international standards. She encouraged customers to include a valid IBAN from their account information and to follow the issued guidelines to avoid any complications during transfer operations. Customers can easily obtain their IBAN through various channels, including Internet Banking, Mobile Banking, visiting a branch, calling customer service, or accessing the dedicated page: ( The IBAN is also typically displayed next to the account number on bank statements. Bank Muscat is committed to excellence in managing its operations and services, striving to apply the highest efficiency standards in fund transfers and transactions with minimal manual intervention. This dedication enhances transaction quality and minimizes payment delays. The bank offers a variety of money transfer services accessible through multiple channels, including branches across the governorates, Internet Banking, and Mobile Banking. Customers can also benefit from swift transfer options to countries such as India, Pakistan, Bangladesh, the Philippines, and Sri Lanka.
Times of Oman
12-03-2025
- Business
- Times of Oman
Bank Muscat extends support to Fak Kurba to resolve 346 cases
Muscat: In line with its ongoing commitment to Corporate Social Responsibility CSR and community service, Bank Muscat, the leading financial services provider in the Sultanate of Oman, has extended the impact of the 'Fak Kurba' initiative organised by the Omani Lawyers Association in coordination with the Ministry of Social Development and the Supreme Judicial Council. The initiative aims to raise financial donations to release individuals who are incarcerated due to failing to clear financial obligations. The Bank has actively contributed to the initiative by supporting 346 cases of individuals involved in civil, commercial, religious, and labor-related cases. Until now, the Bank has contributed to the resolve of 1903 cases, excluding cases related to banking or financial institutions. The 'Fak Kurba' initiative is an important volunteer-driven venture supported by the efforts of the Omani Lawyers Association and it aims to raise community awareness of the significance of social solidarity and bonds. Since it was launched in 2012, it has contributed to resolving many cases across the Sultanate and has been running as a year-round sustainable project. On this occasion, Hamad Hamdan Al Rubaie, Chairman of the Oman Lawyers Association, said: 'The success of this year's version of the Fak Kurba initiative reflects the continued positive and profound impact of this humanitarian project since its inception. Throughout the past years, the initiative has contributed to the resolve of over 7300 individuals. We take pride in the growing support the initiative receives annually from both individuals and institutions, reflecting the solidarity of the Omani community in promoting values of cooperation and compassion. We would like to extend our sincere gratitude to all contributors for their partnership with the Association in launching the initiative. Special thanks to Bank Muscat for its ongoing and valuable support, which has contributed to the success and expansion of the initiative.' Speaking about significance of the initiative, Zuwaina Abdullah Al Sharji, Assistant General Manager, Central Operations & Change Management, Bank Muscat, expressed her pleasure about the Bank's continuous participation in this crucial and community-driven initiative. The Bank's partnership with the Oman Lawyers Association has been strategic and fruitful, driven towards widening the impact of the initiative on the community. Bank Muscat places great importance on corporate social responsibility programmes, which contribute to achieving positive social benefits in various fields. This initiative serves as a tangible example of social solidarity, and the Bank is grateful to the Oman Lawyers Association for its significant role in bringing hope and joy to the families of the individuals. The resolve of cases serves more than just a legal practice; it provides individuals with an opportunity to start afresh and lead normal lives. We encourage everyone to take part in such initiatives that reflect noble human values.' Involvement in community-centric initiatives is one of the key pillars Bank Muscat has set to demonstrate its commitment to corporate social responsibility and community service. The Bank had launched various CSR programmes that focus on different fields including economy, education, social development, environment and sports. Bank Muscat constantly seeks to enhance cooperation with various associations and institutions to support the community. In recognition of its efforts in CSR, Bank Muscat has recently been recognised with coveted awards, including the Best Bank for Corporate Responsibility Award at Euromoney Excellence Awards, the Oman Sustainability Week Award (OSW) for the Sustainability and Environmental Social Governance (ESG) category, and the North Batinah for Social Investment Award by the Oman Chamber of Commerce and Industry. The Bank was recognized with the North Batinah Award for its Green Sports Programme, as the best initiative reaffirming the Bank's commitment to CSR.
