Sohar Islamic starts operations in new Barka branch

Muscat: Sohar Islamic, Bank Sohar’s Islamic Banking window, recently announced the soft opening of a new branch located in Wilayat of Barka marking its sixth branch.
The fully functional Barka branch will offer customers a range of Sharia-compliant products and services as well as easy access to the branch. In commemoration of the soft opening, the bank presented a special gift to the first customer who opened an account at the branch.
Commenting on the new branch soft opening, Salim Khamis Al Maskari, DGM & Head, Sohar Islamic, said, “The inauguration of Sohar Islamic’s Barka branch reiterates our commitment to offer quality services to customers and provide them convenience within the area. This latest branch is modelled after the same blueprint of our other outlets in terms of providing customers with a comprehensive range of personal and business banking solutions that adhere to the highest level of Sharia compliance.”
Sohar Islamic’s new branch is manned by qualified staff offering customers with the entire range of Sharia-compliant Islamic Banking products and services from Sunday to Thursday from 8am till 2pm. In line with Sohar Islamic’s other branches, the Barka branch will also offer customers full-fledged ATM and CDM facilities. The new branch will initially operate in a ‘soft mode’ until its official opening, which is expected to take place soon.
Launched in 2013, Sohar Islamic - Bank Sohar’s Islamic Banking Window, has a comprehensive range of banking solutions that cover a wide array of retail and corporate financing needs. These include SME Banking, personal finance, auto finance, term deposits, savings accounts, current accounts and construction and housing finance for the bank's retail customers. For its corporate clients, Sohar Islamic offers asset finance, working capital finance, trade finance, treasury and investment products. All products and services offered by Sohar Islamic adhere to the highest level of Sharia compliance and are specifically designed to meet certain key criteria including a complete segregation of funds, stand-alone and independent branches, separate sales staff, a strong Sharia Supervisory Board and Sharia Audit and Compliance unit, committed management, and the application of the world’s best Islamic banking software. Sohar Islamic assures compliance with the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions.