The seminar aims to provide an overview of Islamic banking products and services

Business and corporate customers discuss Maisarah's corporate banking solutions

Salalah, 23 February 2015

Reaffirming its position as a leading full-fledged Islamic banking service provider in the Sultanate, Maisarah Islamic Banking Services recently conducted a seminar at the Hilton Hotel Salalah. The full-day event aimed to increase awareness of Islamic banking options available in the market, and showed Maisarah's commitment to provide best service and to strengthen its ties with corporate customers.

This was the first of series of seminars planned to be offered across Oman for the benefit of large corporates, small and medium sized companies and other institutions. It was attended by Maisarah corporate customers and high profile guests from the Salalah region, as well as Maisarah team members representing Corporate banking, treasury and retail business units. The seminar provided a professional forum to discuss various topics related to Islamic banking products and services.

Faisal Al Tamimi, Head of Wholesale Banking, highlighted the wide range of financial solutions and services available to corporate and SME customers to address their short, medium and long term financing needs and working capital requirements. He presented innovative project financing products and a complete set of trade finance solutions available to customers and stressed the flexibility of Islamic banking solutions to cater to the vast category of business customers across the Sultanate. "We are very delighted to host this seminar and privileged to get the opportunity to meet with our corporate customers and demonstrate our commitment to business success of our customers. All our corporate products and services are designed with customer perspective and customer business support in mind," he noted.

The seminar also highlighted treasury solutions available to Maisarah's customers. Yousuf Al Balushi, Head of Maisarah Treasury, provided an overview of range of treasury products to help institutional customers manage their cash, liquidity and foreign exchange transactions using Islamic banking products. "We are positioned to provide treasury services required by companies of all sizes. We work with our customers as trusted advisors and partners to find best treasury solutions at competitive terms. We already have a number of very satisfied customers working with us on day to day basis and we remain one of the leading treasury service provider in Oman".

Islamic banking continues to grow globally and has shown very healthy growth in Oman since its launch just over two years ago. Maisarah has seen increasing demand and interest in its products and services from all segments of economy. A wide range of companies across various industries covering construction, manufacturing, real estate, mining, trading, hospitality, tourism and many others have started to explore and utilize Islamic banking option as a viable complement or alternative to conventional banking services.

Mr. Jagannathan, Group CFO of Salem Mohiyuddin Group, who attended the seminar stated, "This session was much needed and we appreciate the effort by Maisarah Team to arrange this for us in Salalah. Islamic Banking is now part of the system and as business professionals it is essential for us to understand the principles and mechanics of the Islamic banking products and services available in the market. Even those who want to avail this option are sometimes reluctant since they are not fully aware of what is involved. After attending this seminar I will have better appreciation of products and services offered by Islamic Banks".

Maisarah is one of the fastest growing Islamic banking windows in the Sultanate with range of financial products and services and a dedicated head office in Muscat and branches in Muscat, Salalah and Sohar. As a part of its strategy it operates a segregated Islamic banking window and has maintained high standards of corporate governance, research and development, corporate social responsibility and customer service that have helped in winning various awards in local and international markets.

Visit Maisarah official website www.maisarah-oman.com to learn more about the wide range of products and services, or contact the uptime call centre service on (+968) 24775777 for inquiries.

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© Press Release 2015