Maisarah Islamic Banking Services Wins Best Islamic Bank Award 2016
- 10 Maisarah branches serve customers nationwide and offer best-in-class financial products and services.
- Maisarah reaffirms its position as one of the leading and fastest growing Islamic banking institutions in Oman.
Muscat, 23 March 2017: Reiterating its commitment to lead the Islamic finance market in the Sultanate, Maisarah Islamic Banking Services has been announced the winner of "Best Islamic Bank in Oman" at the Middle East Banking Award (EMEA) Finance’s Achievement Awards 2016. The event was held at the Conrad Hotel, Dubai and was attended by high profile delegates and invited guests.
The fast-growing financial services provider has been selected among Islamic finance institutions nationwide after achieving striking growth figures. Maisarah has also witnessed year-on-year remarkable capital, assets and profitability growth.
“We have set our vision to be the best financial solutions provider in Oman, and we have taken concrete steps in that direction. Our team of dedicated and highly qualified professionals offers a wide array of banking solutions, innovative products and services. As a part of our operational strategy, we have maintained high standards of corporate governance, research and development, corporate social responsibility and customer service that placed Maisarah on top of the best Islamic banking services providers in the Sultanate,” said Ismail Jama Bait Isihaq, Senior Executive Manager of Maisarah Islamic Banking Services.
Despite the challenging market & economic conditions, Maisarah continued business growth and achieved outstanding financial results in 2016. Its total assets reached over OMR 450 million and Net Profit of OMR 3.2M.
As part of its plans to boost its presence nationwide, the Islamic window celebrated the inauguration of five new branches in 2016 alone, bringing the total number of Maisarah branches to 10 branches that are strategically located in major cities across Oman. 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 to provide the best customer experience in timely and convenient manner.
BankDhofar participates in SQU Career Fair
Muscat, 19 March 2017: As part of its constant initiatives to identify and maximise the potential of talented Omani youth, BankDhofar participated in a career fair held at the Sultan Qaboos University recently. The event gave students access to substantial professional guidance from the bank’s participating staff and facilitated direct interaction with banking specialists from BankDhofar to gain insight into the sector’s available career choices.
This event aims to provide jobs and training opportunities for SQU students and graduates and enhance their abilities, develop their skills, and prepare them for the labor market. The Fair also helps the participating institutions to accelerate their Omanisation plans through establishing direct contact with more than 3,000 graduates with a variety of educational backgrounds. As the Sultan Qaboos University is one of the largest government educational institutions with thousands of students in Business Studies, Engineering Studies and Information Technology, the university benefits greatly from the exposure that such events give these students.
Students were educated on BankDhofar’s recruitment requirements and were able to interact directly with the bank’s human resources team. The career fair was also a platform for the bank to introduce its corporate culture to students and discuss the kind of work environment and experiences the bank offers.
This career and training opportunities fair comes with the collaboration of different institutions from the public and private sectors, and it aims to spread awareness on the local job market in all industries, showcasing the opportunities and challenges that would encounter young graduates and job seekers. BankDhofar’s booth attracted a large crowd of students and job seekers as the bank’s representatives provided them with insights on the job market, trends and challenges, as well as required skills and knowledge for different jobs and career development.
BankDhofar strongly believe in supporting Omani talents and works to insure that job seekers understand the market and choose career paths that suit them, fulfil their dreams and meet their aspirations. The Bank has been committed to contribute to the community development and to the growth of the national economy via providing job opportunities for Omanis.
BankDhofar has been a leader in the market in terms of attracting young talents and specialised experts in the banking industry. The bank prides itself as one of the best workplaces in the Sultanate, and it continues to grow as the employer of choice. The bank has been able to achieve over 92% Omanisation in all of its departments and units.
BankDhofar launches Oman’s First SME-exclusive Credit Card
- New Mastercard Platinum BusinessCard from BankDhofar offers a wide array of benefits to SME customers.
- BankDhofar is committed to contribute to the success and growth of SMEs across the Sultanate.
Muscat, 14 March 2017: To further enrich the banking experience for its Small and Medium-sized Enterprise (SME) customers, BankDhofar recently launched an exclusive credit card customised exclusively for this segment in collaboration with Mastercard, a leading technology company in the global payments sector.
Elaborating on the launch of the new Mastercard Platinum BusinessCard, Adil Said Al Zadjali, Executive Manager - PCM & liabilities Division - Business Banking at BankDhofar, noted: “As part of our concerted efforts to provide superior banking solutions and offer best-in-class products and services to our SME customers, we have introduced a new option of Business Banking Credit Cards. SMEs are a key contributor to the growth and diversification of the national economy, and we have always been committed to supporting Omani entrepreneurs, encouraging creativity and innovation and introducing financial solutions that contribute to their growth and development.”
Hasan Alaali, Country Manager - Oman, Mastercard, said: “We are delighted to collaborate with BankDhofar to offer a product that delivers peace of mind to entrepreneurs in Oman. SMEs form the backbone of economies, and our solutions are helping these organizations thrive and conduct their business in a convenient and secure manner. Business owners are constantly on the move, and the benefits of the Mastercard Platinum BusinessCard are designed to enhance the value they derive from their spending – be it air travel, airport lounge access or chauffeured rides in cities across the region.”
Whatever the nature of their business, the everyday needs of BankDhofar’s SME customers are met through a diverse range of financial solutions that offer peace of mind, save money and time and also allow customers to enjoy exclusive travel privileges that make every business trip a pleasure.
BankDhofar’s Mastercard Platinum BusinessCard is designed for SME customers who need a card that delivers increased flexibility and purchasing power, and also offers the ability to take care of the company’s finances from any part of the world. The card comes with a wide range of optional benefits including corporate liability waiver to protect the company against unauthorised use of card, tailored insurance with preferential rates on SME healthcare, SME Motor Fleet and SME Personal Accidents. In addition to global free Wifi to the users.
The card also offers ease of business, ease of mind and ease of travel benefits with an exclusive DHL shipping discount of 20% on all daily business shipments. Additionally, it comes with Mastercard ‘Buy 1 Get 1’ offers for dining establishments, spas, attractions and cafes across the Middle East and Africa. Moreover, the card offers Commercial Spending Intelligence that simplifies expense reporting and improves vendor management. Commercial Spending Intelligence is a web-based reporting application that seamlessly manages data and is used by thousands of businesses and other organisations in more than 110 countries around the world. The card is equipped with optional Omni-Channel Merchant Solution that offers merchants a single, simple solution that spans from e-invoice to all payment channels.
Additionally, SME customers have the chance to enjoy MEL lounge access to airport lounges in the Middle East, Levant and North Africa by presenting their Mastercard Platinum BusinessCard at the entrance, in addition to discounted chauffeur rides with Careem. Cardholders can also enjoy up to 30% discount on international round-trip flights with Cleartrip and exclusive access to over 3000 experiences via Priceless Cities offers.
BankDhofar is committed towards contributing to the success and growth of SME businesses across the Sultanate. Aspiring to be the bank of choice for SME customers and catering to their financial needs and banking requirements, BankDhofar also constantly works towards assessing the market trends and offering professional advisory to enable SMEs to manage their financial requirements. The bank invests in building an adequate infrastructure to support SMEs nationwide, with a specialised team whose core responsibility is to provide financial and advisory services to SME customers.