BankDhofar’s Islamic window — Maisarah Islamic Banking Services — recently opened its ninth branch in Dhofar Governorate as part of the Islamic window’s strategic expansion plans to provide Sharia-compliant products and financial solutions. The inaugural function was organised under the patronage of Dr. Rasheed bin Al Safi Al Huraibi, chairman of Oman Tender Board.
The event was held at the newly opened branch in Salalah, and it was attended by Abdul Hakeem Omar Al Ojaili, acting chief executive officer of BankDhofar, Dr. Salim Ali Al Dhahab, chairman of Maisarah’s Sharia Board, as well as members of BankDhofar and Maisarah’s executive management team, staff, guests and senior government officials.
The inauguration of the Salalah branch comes within Maisarah’s continuous efforts to lead the Islamic financial industry in the Sultanate, reiterating its commitment to provide Sharia-compliant products and services to cater to more customers across the Sultanate. “The new branch has been opened to fulfil the market demand for Islamic finance solutions and Sharia-compliant products and services. It is the second branch in Dhofar and the ninth officially inaugurated branch nationwide,” noted Jamsheed Hamza, head of retail at Maisarah Islamic Banking Services.
“The new Salalah branch was strategically located in Salalah and it is easily accessible from any part of the city. The branch is also well laid out to serve business banking and priority banking customers. Following the demand for Maisarah’s products and services in Salalah, we decided to expand our operations here to serve more customers and fulfil the market needs. We aspire to see Maisarah in more parts of Oman, and we are very proud of the progress we’ve achieved in a very short time since we started our operations a few years ago,” he noted.
BankDhofar’s Islamic banking window has shown an impressive growth since its launch in 2013 and demonstrated a high degree of product innovation and best services, the Islamic window has been recognised for its commitment to lead the Islamic finance market in the Sultanate, earning prestigious awards and titles from leading local and international organisations including the ‘Best Islamic Bank in Oman 2015’ by Global Banking & Finance Review, ‘Best Islamic Banking Window – Oman 2015’ award by the London based International Finance Magazine (IFM), the ‘Islamic Bank of the Year — Oman 2015’ award by The Banker, ‘Best Islamic Community Support Bank 2014’by Global Financial Market Review and ‘Best Islamic Window in Oman 2013’ by Global Financial Market.
Maisarah offers a wide range of Sharia-compliant financial solutions, products and services that cater to the needs of its retail and corporate customers. It currently provides products and services out of 10 dedicated branches located in Muscat (Azaibah, Al Hail, Al Khuwair, and Greater Mutrah), Salalah, New Salalah, Sohar, Birkat Al Mouz, Sur and Ibri (Araqi). As part of its future growth plan, the Islamic banking service provider plans to distinguish itself by focusing on prominent customer service, developing and launching new products, and investing in technology and people to provide the best customer experience.