The Shariah-compliant branch of Oman Arab Bank, Al Yusr Islamic Banking, recently established a new office in Al Athaiba that will double as Al Yusr’s corporate headquarters as it satisfies growing customer demand.
"The surge in demand for the Sharih-compliant solutions we offer directly inspired the development of this strategically located branch,” Al Yusr General Manager Abdul Qader Al Balushi said. “Customers … can enjoy a unique banking experience with full access to our complete range of Islamic finance products and services all under one roof. The property will also function as our new independent head office and will be home to the entire Al Yusr management for added customer convenience."
Located between the communities of Seeb and Matrah, the new Al Athaiba branch will offer Shariah-compliant banking services for retail and commercial accounts ranging from current and savings accounts, fixed deposits, investments and financing for real estate, automotive investments and trade.
The new banking niche will target small and medium enterprises (SMEs) with customized products suited to their individual needs.
"The expansion of Al Yusr continues to represent a significant milestone for the entire OAB family,” Oman Arab Bank CEO Amin Al Husseini said. “This reflects our collective determination to achieve growth and expansion targets through the delivery of world-class banking solutions. I am confident that the new branch will enable Al Yusr to reach more customers looking for an innovative Islamic banking offering."