Latest news with #ahliIslamic
Zawya
18-05-2025
- Business
- Zawya
Ahli islamic's Al Shumoukh customers stand a chance to win an exceptional trip to London
Muscat: As part of its commitment to delivering an exceptional Islamic banking experience that meets the lifestyle aspirations of its customers, ahli islamic has announced the launch of a special promotional offer in collaboration with VISA, throughout May 2025. The campaign offers its Al Shumoukh Premium and Private Banking service segment customers a chance to enter a draw to win an all-expenses-paid trip to London, the British capital. This initiative reflects the bank's dedication to rewarding its distinguished customers with exceptional experiences that go beyond expectations, in line with its reputation as a leading provider of Sharia-compliant banking solutions. In line with its aim to position itself as a bank that goes beyond traditional services, ahli islamic, part of ahlibank, will announce the names of two winners in mid-June for a once in a lifetime, all-inclusive trip to London. The prize will also feature a unique driving experience at the iconic Goodwood Motor Circuit, with each winner accompanied by a guest. The winners will be selected from both new and existing holders of ahli islamic's Signature and Infinite credit cards. To qualify for the draw, customers must spend a minimum of OMR 500 during the promotional period, with every additional OMR 100 spent earning them extra chances to win. This initiative reflects the bank's ongoing commitment to offering exclusive rewards that enrich its customers' lifestyles and reinforce its position as a bank that places excellence at the heart of its products and services. Commenting on the campaign, Noora Sultan, AGM - Head of Retail Banking - ahli Islamic, said: 'At ahli islamic, we take pride in offering a new dimension to our customers' experience, one that reflects our commitment to building relationships that go beyond traditional banking. We believe that banking today should align with the customers' lifestyles and deliver genuine added value. Offering our winners the chance to enjoy an extraordinary experience in London is a sincere expression of our appreciation for their trust, and a reflection of our desire to reward them with exclusive benefits that match their stature. We view this campaign as another step in our journey to deliver tailored solutions and offerings that resonate with our customers' aspirations.' This campaign is part of a series of diverse offerings through which ahli islamic aims to deliver competitive advantages to its customers. The bank has introduced a variety of promotions tailored to suit different segments interests and occasions. ahli islamic continues to redefine the concept of banking promotions in line with the principles of Islamic finance, by offering innovative financial solutions that meet the demands of the modern era. These efforts reflect the bank's vision for excellence and leadership in the banking sector, both locally and internationally.
Zawya
07-04-2025
- Business
- Zawya
Ahlibank facilitates the issuance of the Sultanate's first Islamic commercial paper for Oman Flour Mills
Muscat: In a landmark transaction that underscores its leadership in Islamic finance and commitment to financial innovation, ahlibank Investment Banking Division acted as the financial advisor to Oman Flour Mills for the issuance of the Sultanate of Oman's first Islamic Commercial Paper (ICP) raising OMR 10 million. ahli Islamic acted as the sharia-structuring advisor and Investment Agent for the issuance. The proceeds of this 365-day instrument will be used to finance the working capital needs of Oman Flour Mills at a competitive rate. This milestone marks a significant advancement in Oman's Islamic capital market by introducing a structured, Sharia-compliant short-term liquidity instrument for corporate financing. By spearheading this initiative, ahlibank reaffirms its role as a key enabler of market development, bridging corporate funding needs with innovative Islamic financial solutions. Hanaa Al Kharusi, Senior General Manager – Wholesale Banking at ahlibank, stated, 'At ahlibank, we aim to craft win-win solutions which help meet the objectives of the corporates as well as the investors. Our goal is to drive financial inclusion, expand market opportunities, and support the nation's economic diversification. Through structured short-term liquidity solutions, we are enabling corporates to optimize working capital efficiently by diversifying their funding sources. This achievement paves the way for further advancements in Sharia-compliant financial instruments, positioning Oman as a dynamic hub for Islamic finance. As we continue to lead in this space, ahlibank remains dedicated to structuring solutions that not only benefit our customers but also contribute meaningfully to the nation's economic ambitions.' Commenting on this success, Haitham Al Saadi, CFO at Oman Flour Mills, said, 'The successful issuance of Oman's first Islamic Commercial Paper is a significant milestone for Oman Flour Mills as we continue to optimise our liquidity management through Sharia-compliant financing solutions. This transaction enables us to access competitive short-term funding while supporting the development of Oman's Islamic capital market. We appreciate the collaboration with ahlibank's Investment Banking Division and ahli Islamic in structuring this innovative financial instrument, which aligns with our commitment to financial sustainability and market-leading practices.' Commercial papers play a vital role in filling a gap by enabling high-grade corporates to raise short-term financing directly from investors. Further, Islamic Commercial Papers can help companies reduce their reliance on conventional borrowings and move toward becoming Shariah compliant. The ICP issuance was met with strong investor demand from pension funds, money market funds and Islamic Banks, and received demand of 1.4 times the issue size, reflecting confidence in both the market and ahlibank's expertise in structuring Islamic financial products. By facilitating this transaction, the bank has further cemented its position as a strategic driver of product innovation in the Islamic finance sector, paving the way for future issuances and broader market participation.
Trade Arabia
27-02-2025
- Business
- Trade Arabia
Sustainable City-Yiti seals partnership deal with ahli Islamic
The Sustainable City – Yiti, Oman's flagship sustainable development and the pioneering net zero emissions community, has signed a strategic partnership with ahli Islamic, marking a significant milestone in facilitating financial solutions that align with the project's long-term sustainability and development objectives. The partnership was formalised at a signing ceremony held on-site at The Sustainable City – Yiti, attended by senior executives from both entities along with key stakeholders. The Sustainable City – Yiti is being developed by Diamond Developers, a subsidiary of SEE Holding, in collaboration with Oman Tourism Development Company (Omran). Spanning nearly 1 million sq m along the Gulf of Oman coastline, it offers an innovative live-work-thrive model that integrates smart infrastructure, low-carbon living, and sustainable tourism. The agreement was signed by Mohammed Al Ghufaili, COO of Omran Group and Board Member of The Sustainable City – Yiti, and Yousuf Al Rawahi, DGM – Head of ahli Islamic. This collaboration reflects a shared commitment to supporting Oman's Vision 2040 by fostering ethical investment in sustainable real estate, enhancing financial accessibility, and promoting responsible urban growth. As Oman's largest sustainable urban development, The Sustainable City – Yiti integrates renewable energy, food production, water and waste recycling, smart mobility, and climate-resilient infrastructure to create a truly future-ready community. The development features a diverse mix of residential, commercial, hospitality, and educational spaces, designed to foster a thriving and sustainable community. It includes state-of-the-art commercial and hospitality zones with a central plaza, retail areas, and wo hotels, alongside essential community infrastructure such as a school, a nursery, an equestrian center, an indoor sports complex, and outdoor leisure areas. With 96% of its infrastructure already completed, the project is progressing steadily towards its full realization in 2026, bringing together residential, commercial, hospitality, and educational spaces designed to advance sustainable living, it stated. Al Ghufaili said: "With an investment of nearly one billion US dollars, we are redefining the real estate landscape by integrating sustainability, innovation, and long-term value creation." "This collaboration with ahli Islamic reinforces our commitment to responsible growth, ensuring that we deliver a world-class, net-zero emissions community that aligns with Oman's Vision 2040 and sets a benchmark for sustainable cities worldwide," he stated. Al Rawahi said: "Our collaboration with The Sustainable City – Yiti reflects the overall commitment and endeavor to support Sharia-compliant and sustainable investments that align with Oman Vision 2040." "By providing the needed financial solutions, we empower individuals and businesses to be part of a groundbreaking net-zero emissions community. Together, we are fostering a responsible urban grown society, while ensuring long-term value creation, and contributing to a more sustainable future for many in the sultanate of Oman," he added.-TradeArabia News Service
Zawya
27-02-2025
- Business
- Zawya
The Sustainable City – Yiti and ahli Islamic sign strategic partnership to advance sustainable urban development
RELATED TOPICS FINANCIAL SERVICES RELATED COMPANIES Addiko Bnk Diamond Develope Al Omran Group F Oman Tourism Dev Suwon Sustainabl Islamic Sign Strategic Partnership Muscat, Oman – The Sustainable City – Yiti, Oman's flagship sustainable development and the pioneering net zero emissions community, has signed a strategic partnership with ahli Islamic, marking a significant milestone in facilitating financial solutions that align with the project's long-term sustainability and development objectives. The partnership was formalized at a signing ceremony held on-site at The Sustainable City – Yiti, attended by senior executives from both The Sustainable City – Yiti and ahli Islamic, along with key stakeholders. The agreement was signed by Mohammed Al Ghufaili, COO of OMRAN Group and Board Member of The Sustainable City – Yiti, and Yousuf Al Rawahi, DGM – Head of ahli Islamic. This collaboration reflects a shared commitment to supporting Oman's Vision 2040 by fostering ethical investment in sustainable real estate, enhancing financial accessibility, and promoting responsible urban growth. As Oman's largest sustainable urban development, The Sustainable City – Yiti integrates renewable energy, food production, water and waste recycling, smart mobility, and climate-resilient infrastructure to create a truly future-ready community. With 96% of its infrastructure already completed, the project is progressing steadily towards its full realization in 2026, bringing together residential, commercial, hospitality, and educational spaces designed to advance sustainable living. Mohammed Al Ghufaili, COO of OMRAN Group and Board Member of The Sustainable City – Yiti, commented: 'With an investment of nearly one billion US dollars, we are redefining the real estate landscape by integrating sustainability, innovation, and long-term value creation. This collaboration with ahli Islamic reinforces our commitment to responsible growth, ensuring that we deliver a world-class, net-zero emissions community that aligns with Oman's Vision 2040 and sets a benchmark for sustainable cities worldwide.' Yousuf Al Rawahi, DGM – Head of ahli Islamic added: 'Our collaboration with The Sustainable City – Yiti reflects the overall commitment and endeavor to support Sharia-compliant and sustainable investments that align with Oman Vision 2040. By providing the needed financial solutions, we empower individuals and businesses to be part of a groundbreaking net-zero emissions community. Together, we are fostering a responsible urban grown society, while ensuring long-term value creation, and contributing to a more sustainable future for many in the Sultanate of Oman.' Developed by Diamond Developers, a subsidiary of SEE Holding, in collaboration with Oman Tourism Development Company (OMRAN), The Sustainable City – Yiti is a flagship sustainability project in Oman. Spanning nearly one million square meters along the Gulf of Oman coastline, it offers an innovative live-work-thrive model that integrates smart infrastructure, low-carbon living, and sustainable tourism. The development features a diverse mix of residential, commercial, hospitality, and educational spaces, designed to foster a thriving and sustainable community. It includes state-of-the-art commercial and hospitality zones with a central plaza, retail areas, and two hotels, alongside essential community infrastructure such as a school, a nursery, an equestrian center, an indoor sports complex, and outdoor leisure areas. Designed to achieve net zero emissions by 2040, The Sustainable City – Yiti serves as a model for sustainable urban living and a key contributor to Oman's environmental and economic transformation. This collaboration marks a milestone in Oman's commitment to sustainable urban development, ensuring that The Sustainable City – Yiti continues to lead the way in shaping resilient, smart, and future-ready communities. About The Sustainable City – Yiti The Sustainable City – Yiti is set to be the first net zero emission community in the world, realizing the UN 2050 net zero targets by 2040. Located 30km from central Muscat, The Sustainable City – Yiti is a coastal development overlooking the Oman sea and is a joint venture between Diamond Developers, the masterminds behind The Sustainable City brand, and Oman Tourism Development Company, part of OMRAN Group. Aligned with Oman's 2040 vision and designed to meet the highest social, environmental and economic sustainability standards, the live-work-thrive city follows the blueprint for low-emissions living, pioneered by The Sustainable City in Dubai. Expected to be completed in 2026, The Sustainable City – Yiti will span approximately one million square meters and accommodate over 10,000 people in villas, townhouses and apartments. The city will feature state-of-the art facilities, urban farming, a central plaza with a mall, school and nursery, a rehabilitation center for people of determination, an indoor sports complex, access to a wide range of outdoor recreational activities, an equestrian center, two hotels and 132 luxury serviced apartments under the Nikki Beach brand. Through on-site educational facilities, The Sustainable City – Yiti also presents opportunities for research and learning, enabling the essential transfer of sustainability knowledge.
