Start of a New ERA - Sohar Islamic
Bank Sohar has emerged as one of the leading banking institutions in the Omani Market setting benchmarks in the banking sector. The Bank has done extremely well during the past years of its operations in the Sultanate marking its footprint within the economy.
The Bank’s management ensure that the strategy followed by the Bank revolves around the economy and therefore with the evolution of the banking sector within the country to introduce Islamic Banking, Bank Sohar planned for the introduction of its Islamic Banking Window – Sohar Islamic. Sohar Islamic logo represents a new bloom or start of a new era in Islamic banking in Oman. Each form is inter-connected to reflect the bond between the customer and the bank and on the bond between the customer and their Islamic values. The identity is ever growing and evolving, in essence sharing the promise of Sohar Islamic, to provide its customers with dynamic products and services, that is in line with the Islamic principles.
At Sohar Islamic we have introduced wide range of Shariah compliant financial solutions in the areas:
- Retail Banking
- Corporate Banking
- Trade Finance
Sohar Islamic with complete segregation of operations from its conventional banking adheres to the highest level of Shariah compliance by meeting certain key conditions including: complete segregation of funds; existence of an eminent Shariah Supervisory Board; committed management; the world’s best Islamic banking software; stand alone Sohar Islamic branches and compliance with the standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)