20 April 2015
• Sohar Islamic provides customers access to withdraw funds from their account across 1000+ OmanNet ATMs

Muscat - In its pursuit to providing convenience to customers, Sohar Islamic - Bank Sohar's Islamic Banking Window provides its customers with free of charge withdrawals through over 1,000 Automated Teller Machines (ATMs) within the OmanNet platform, spread across the Sultanate.

Speaking on this value added service, Mr. Mohammad Haris, AGM and Head of Islamic Banking said, "We constantly strive to provide customers with utmost conveniencewhen banking with Sohar Islamic. Our products and services are customised to serve the specific needs of the market and offer both; flexibility and convenience. As a result we have been very well received in our two years of operations, and have earned a reputation for our quick processing times and high levels of customer service. We are proud to beone of only few local banks to facilitate free ATM transactions via the OmanNet platform that allows customers to conduct withdrawals at over 1,000 ATMs across Oman."

As with Bank Sohar, Sohar Islamic offers its customers the convenience of accessing their accounts 24/7 and benefit from services such as cash withdrawals, balance inquiries, mini-statement and fund transfer facilitiesat any OmanNet ATM free-of-charge. These facilities can also be accessed in participating GCC countries through the GCCNet Switch.

Internally, Sohar Islamic has four dedicated ATMs at each of its four branches in Muscat (Al Ghubra), Sohar (Falaj Al Qabail), Nizwa (Firq) and Salalah (Saada).These select ATM machines perform a dual function; dispense cash as well as serve as a Cash Deposit Machine (CDM); offeringSohar Islamic customers the advantage of all standard ATM services in addition to a cash deposit facility as an additional value-added service. Using this facility, customers can deposit their cash 24/7, without having the need to visit the branch during operating hours.

Sohar Islamic customers can also take advantage of Bank Sohar's extensive network of 51 ATMs across the Sultanate. The Bank's ATMs at Buraimi, Shinas and Wajajah border even operate with the 'Dirhams Dispensing' facility; thus adding immense convenience to businessmen who travel and transact business across the border on a regular basis, as well as to customers who visit the United Arab Emirates.

Sohar Islamic - Bank Sohar's Islamic Banking Window was launched in 2013. All products and services offered by Sohar Islamic that include Retail and Corporate adhere to the highest level of Shari'ah 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 Shari'ah Supervisory Board and Shari'ah 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 Organization for Islamic Financial Institutions (AAOIFI).

-Ends-

For more information regarding Bank Sohar's Islamic Banking Window - Sohar Islamic, please visit any of our branches located in Muscat (Al Ghubra), Sohar (Falaj Al Qabail), Nizwa (Firq) and Salalah (Saada) or call us on 24730000 or visit www.soharislamic.net .

© Press Release 2015