The Banking Executive Magazine - July 2024 Issue

Dhofar Islamic Dhofar Islamic EMPOWERS THE YOUNG WITH NEW YOUTH ACCOUNT Dhofar Islamic, the Islamic Banking window of BankDhofar, is pleased to introduce its latest offering, the Youth Account, designed to cater to the unique financial needs and aspira- tions of Oman's young generation. Dhofar Islamic encourages young Omanis to embrace Youth Account as a steppingstone to financial liter- acy and financial independence. With this account, Dhofar Islamic aims to inspire a generation of confi- dent and responsible financial lead- ers. The Youth Account is a Shari’a com- pliant savings account (based on Mu- darabah principles) specially crafted to cater to the unique needs of youth aged between 18 and 23 years. It comes with no minimum balance re- quirement and allows free fund transfers through mobile payment service ensuring that young account holders can enjoy their banking ex- perience without any extra fees. This innovative youth-centric account is a testament to Dhofar Islamic’s com- mitment to empowering the youth with convenient and flexible banking solutions that enable financial inde- pendence from an early age. Commenting on the launch of the Youth Account, Mr. Amor Said Al Amri, DGM and Head of Retail Banking - Dhofar Islamic said, “Our Youth Account is designed to em- power the young generation to learn essential money management skills, take control of their finances and build a strong financial foundation for their future. We are committed to providing them with the tools they need to start their career and achieve their financial goals." Dhofar Islamic is one of the leading Islamic windows in Oman setting the standard for the best customer expe- rience within the banking industry in the Sultanate of Oman by adopting best international banking practices. It continues to demonstrate its strong commitment towards community de- velopment and contribution to the growth of the national economy by offering innovative Shari’a compliant financial solutions that cater to the needs of its retail and corporate cus- tomers. the BANKING EXECUTIVE 24 ISSUE 187 JULY 2024