Latest news with #ahliIslamic
Zawya
07-07-2025
- Business
- Zawya
Ahli Islamic enhances credit card proposition with 25% Pearl Points cashback at ‘extra'
Muscat: ahli islamic has successfully concluded its exclusive campaign, which offered its credit cardholders the opportunity to receive 25% cashback in the form of Pearl Points when shopping at 'Extra' stores on 29 and 30 June 2025. The offer witnessed remarkable engagement from customers, reflecting their trust in ahli islamic and its ongoing commitment to designing innovative, Sharia-compliant offers that meet their modern needs. This initiative aimed to enhance customers' experiences by providing tangible added value that embodies ahli islamic's dedication to transparency and accuracy across all its Sharia-compliant financial transactions. The campaign's success highlights ahli islamic's approach to developing innovative financial solutions in collaboration with leading retail partners, such as the 'Extra' chain, renowned in Oman and the region for its comprehensive shopping experience that combines quality and innovation in consumer electronics and home appliances. The conclusion of this campaign reaffirms ahli islamic's commitment to its strategy of offering exceptional rewards that add value to its Islamic banking services, strengthening its position as a trusted banking partner that prioritizes building long-term relationships with customers based on trust, excellence, and meeting their evolving aspirations.
Zawya
26-06-2025
- Business
- Zawya
Ahli islamic continues its growth with the opening of its new branch in Al Ansab
Muscat: ahli islamic is undergoing a strategically planned expansion phase, driven by its clear vision to enhance access to its Sharia-compliant banking products and services. The latest step in this journey is the inauguration of its newest branch in the Al Ansab area of Muscat Governorate, a move that reflects its strategy to enhance geographic presence and expand its customer base, aiming to simplify the customer journey towards pioneering Islamic banking solutions. The new branch offers a comprehensive range of Islamic banking products and services, including the opening of various types of Sharia-compliant accounts, along with a selection of banking cards. The branch provides a wide array of BancaTakaful Services, including home, travel, domestic helper, and auto Takaful. In addition, it offers inclusive financing solutions tailored to meet the needs of both individuals and institutions. Its services extend to corporate banking, including support for small and medium enterprises (SMEs) along with governmental institution services. Furthermore, Al Shumookh Wealth Management provides top-tier, personalized financial services and solutions that help leverage the best investment opportunities, offering high expected returns through ahli islamic Sukuk Funds. Speaking on the branch opening, Noora Sultan, AGM-Head of Retail Banking at ahli islamic, said: 'The opening of ahli islamic's branch in the Al Ansab area marks a new step in our expansion plan aimed at enhancing financial inclusion and broadening our local presence. We believe in the importance of being closer to our customers and providing Sharia-compliant banking solutions in locations that meet their daily needs, whether in residential neighborhoods or industrial areas. Recently, we also inaugurated an additional branch in the Rusayl Industrial Area, reaffirming our commitment to delivering exceptional banking services to various segments of society, following a well-considered approach that reflects our vision for sustainable growth.' As part of its ongoing commitment to enhancing customer experiences, the new branch offers integrated banking solutions managed by highly skilled and experienced Omani staff, ensuring high-quality service and collaboration for both individuals and institutions. The spacious layout and advanced facilities of the branch reflect ahli islamic's approach to establishing itself as a trusted financial services provider in the Sultanate. ahli islamic continues its journey of excellence and expansion, committed to delivering innovative Sharia-compliant banking solutions that meet the aspirations of its customers across the nation – thus contributing meaningfully to the Sultanate's economic and social development.
Zawya
16-06-2025
- Business
- Zawya
Oman: ahlibank successfully leads $259mln Sovereign Sukuk Issuance with 2.6 times oversubscription
Muscat: Demonstrating its growing leadership in Oman's capital markets, ahlibank, together with its Islamic window ahli islamic, has successfully led the issuance of an OMR100 million Sovereign Sukuk for the Government of Oman, in collaboration with other local institutions. The transaction, which closed on 4 June 2025, was significantly oversubscribed by 2.6 times, with the final orderbook reaching OMR260 million. Through a well-executed investor engagement strategy, ahlibank was able to tighten the average yield to 4.625%, lower than the initially set profit rate of 4.65%, thereby securing optimal pricing and outcomes for the Ministry of Finance. This transaction marks a major milestone for ahlibank as it represents the bank's first sovereign Sukuk issuance mandate from the Ministry of Finance. Executed in under two weeks, the issuance highlights ahlibank's strong institutional relationships and its capacity to mobilise the market swiftly and efficiently. The Sukuk attracted robust demand from a diverse investor base, including retail investors, conventional and Islamic banks, insurance companies, and pension funds. The robust investor response underscores the market's strong confidence in the Government of Oman's fiscal discipline, prudent economic policies, and stable macroeconomic framework. Led by ahlibank's Corporate Finance expertise, this issuance reinforces the bank's strategic role in supporting the government's funding objectives and contributing to the ongoing development of Oman's capital markets. In a statement on the successful issuance, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank, commented: 'We are pleased to have partnered with the Ministry of Finance on this landmark issuance, which reflects our deep market expertise and strong execution capabilities. This successful transaction further solidifies ahlibank's position as a trusted advisor in the Islamic capital markets and underscores our strategic focus on supporting national funding objectives. It also reinforces our commitment to building long-term partnerships with key government entities, paving the way for future collaborations that contribute to the continued development of Oman's financial sector.' This achievement further positions ahlibank as a dependable partner for large-scale public issuances and demonstrates its ability to deliver timely and impactful results in a dynamic market environment. © Muscat Media Group Provided by SyndiGate Media Inc. (
Zawya
15-06-2025
- Business
- Zawya
Ahlibank successfully leads OMR 100mln sovereign sukuk issuance with 2.6x oversubscription
Muscat: Demonstrating its growing leadership in Oman's capital markets, ahlibank, together with its Islamic window ahli islamic, has successfully led the issuance of an OMR 100 million Sovereign Sukuk for the Government of Oman, in collaboration with other local institutions. The transaction, which closed on 4 June 2025, was significantly oversubscribed by 2.6 times, with the final orderbook reaching OMR 260 million. Through a well-executed investor engagement strategy, ahlibank was able to tighten the average yield to 4.625%, lower than the initially set profit rate of 4.65%, thereby securing optimal pricing and outcomes for the Ministry of Finance. This transaction marks a major milestone for ahlibank as it represents the bank's first sovereign Sukuk issuance mandate from the Ministry of Finance. Executed in under two weeks, the issuance highlights ahlibank's strong institutional relationships and its capacity to mobilize the market swiftly and efficiently. The Sukuk attracted robust demand from a diverse investor base, including retail investors, conventional and Islamic banks, insurance companies, and pension funds. The robust investor response underscores the market's strong confidence in the Government of Oman's fiscal discipline, prudent economic policies, and stable macroeconomic framework. Led by ahlibank's Corporate Finance expertise, this issuance reinforces the bank's strategic role in supporting the government's funding objectives and contributing to the ongoing development of Oman's capital markets. In a statement on the successful issuance, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank, commented: 'We are pleased to have partnered with the Ministry of Finance on this landmark issuance, which reflects our deep market expertise and strong execution capabilities. This successful transaction further solidifies ahlibank's position as a trusted advisor in the Islamic capital markets and underscores our strategic focus on supporting national funding objectives. It also reinforces our commitment to building long-term partnerships with key government entities, paving the way for future collaborations that contribute to the continued development of Oman's financial sector.' This achievement further positions ahlibank as a dependable partner for large-scale public issuances and demonstrates its ability to deliver timely and impactful results in a dynamic market environment.
Times of Oman
14-06-2025
- Business
- Times of Oman
ahlibank successfully leads OMR100mn Sovereign Sukuk Issuance with 2.6 times oversubscription
Muscat: Demonstrating its growing leadership in Oman's capital markets, ahlibank, together with its Islamic window ahli islamic, has successfully led the issuance of an OMR100 million Sovereign Sukuk for the Government of Oman, in collaboration with other local institutions. The transaction, which closed on 4 June 2025, was significantly oversubscribed by 2.6 times, with the final orderbook reaching OMR260 million. Through a well-executed investor engagement strategy, ahlibank was able to tighten the average yield to 4.625%, lower than the initially set profit rate of 4.65%, thereby securing optimal pricing and outcomes for the Ministry of Finance. This transaction marks a major milestone for ahlibank as it represents the bank's first sovereign Sukuk issuance mandate from the Ministry of Finance. Executed in under two weeks, the issuance highlights ahlibank's strong institutional relationships and its capacity to mobilise the market swiftly and efficiently. The Sukuk attracted robust demand from a diverse investor base, including retail investors, conventional and Islamic banks, insurance companies, and pension funds. The robust investor response underscores the market's strong confidence in the Government of Oman's fiscal discipline, prudent economic policies, and stable macroeconomic framework. Led by ahlibank's Corporate Finance expertise, this issuance reinforces the bank's strategic role in supporting the government's funding objectives and contributing to the ongoing development of Oman's capital markets. In a statement on the successful issuance, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank, commented: 'We are pleased to have partnered with the Ministry of Finance on this landmark issuance, which reflects our deep market expertise and strong execution capabilities. This successful transaction further solidifies ahlibank's position as a trusted advisor in the Islamic capital markets and underscores our strategic focus on supporting national funding objectives. It also reinforces our commitment to building long-term partnerships with key government entities, paving the way for future collaborations that contribute to the continued development of Oman's financial sector.'
