Latest news with #YouthAccount
Zawya
2 days ago
- Business
- Zawya
Experience financial freedom with BankDhofar's Youth Account
Muscat – BankDhofar, the second largest bank in the Sultanate of Oman in terms of branches, is empowering Oman's youth with its innovative Youth Account, designed to provide the tools and resources needed for financial success. Committed to supporting the next generation, the Bank offers a range of tailored benefits to help young adults navigate the world of finance with confidence. Recognising the unique needs of young people, BankDhofar has created a modern banking experience that combines convenience, accessibility, and valuable rewards. The Youth Account is a part of its ongoing commitment to promote financial inclusion and literacy through products that help young individuals kickstart their financial journeys. This account offers a suite of features designed to make banking easy and rewarding. From free mobile transfers to exclusive discounts, the Youth Account helps young adults manage their money effectively and build a strong financial foundation. Key benefits include up to four free mobile transfers each month, freedom and flexibility to manage funds with no minimum balance fees, and a globally accepted personalised vertical Visa Debit Card with enhanced security features for online shopping and international transactions. Account holders can also avail exclusive merchant offers and discounts across various categories, including beauty, lifestyle, shopping, leisure, and dining. The Youth Account provides access to different saving and deposit accounts, allowing young adults to start planning for their future financial goals. BankDhofar's extensive network of over hundred branches and 24/7 mobile and internet banking ensure convenient access to services anytime, anywhere. Commenting on the Youth Account, Amjad Iqbal bin Hassan Al Lawati, Chief Retail Banking Officer at BankDhofar , said 'We believe in empowering young people with the financial knowledge and tools they need to thrive. The Youth Account is a testament to this commitment, offering a range of benefits and resources to help them achieve their financial aspirations. We are proud to support Oman's next generation as they embark on their journey towards financial independence.' BankDhofar's Youth Account underscores its commitment to young customers, fostering financial responsibility and building long-term relationships. As the second largest bank in Oman in terms of branches, BankDhofar continues to shape the future of banking for generations to come. With a strong focus on growth, innovation, and customer satisfaction, BankDhofar achieved a net profit increase of 12.5% in 2024, reaching OMR 43.6 million compared to OMR 38.7 million in 2023. The bank continues to lead in digital transformation, being one of the first in Oman to introduce Apple Pay and Samsung Pay. Its commitment to modernization is further reflected in the deployment of wholesale cash deposit machines and the launch of Easy Biz, a digital collection and settlement platform. Additionally, BankDhofar continues to make significant strides in cybersecurity, reinforcing its dedication to safeguarding customer transactions and data. BankDhofar remains committed to providing a comprehensive range of banking solutions tailored to all segments of society, including women, youth, children, and high-income groups. With a network of 131 branches across Oman including Dhofar Isalmic , the bank ensures accessibility and superior service for its diverse clientele. The Youth Account is available to Omani nationals and expatriates aged 18-23. Interested customers can apply online or visit any BankDhofar branches.
Hi Dubai
17-06-2025
- Business
- Hi Dubai
Empowering the Next Generation: Emirates Islamic Introduces ALPHA Youth Account
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched its new ALPHA Youth Account, designed to help parents save for their children while empowering the next generation with essential financial literacy skills. Customers can open the ALPHA Youth Account for their children under 18 years of age. Account holders receive access to a dedicated mobile banking app, which allows them to manage their money and begin their financial journey online, while receiving exciting rewards. ALPHA Youth Account holders will also receive an opportunity to participate in a Kunooz Savings Account daily draw of AED 1,000, get a complimentary Debit Card, pay zero monthly fees, and enjoy special offers on entertainment, dining, and shopping malls. The ALPHA Youth Account enables easy money transfers from parents to their children and offers parents better oversight into their child's spending habits. Parents applying for an ALPHA Youth Account for their children will also receive an opportunity to enter a Kunooz Savings Account draw for AED 1,000,000 every month, including an exclusive entry to an AED 50,000 draw. The parents also receive complimentary membership to the Rewards Plus App, providing a range of offers and discounts at more than 2,000 dining, shopping, entertainment, wellness, and luxury venues across the UAE. Commenting on the launch, Mohammad Kamran Wajid, Deputy CEO of Emirates Islamic, said: We are delighted to launch the ALPHA Youth Account which will help parents start saving early for their children while instilling financial literacy from a young age. Financial wellness is key to the growth of the nation's economy and wellbeing, and as a leading Islamic bank in the UAE, we are committed to improve financial literacy and empower families in managing their long-term financial goals. We are confident that the ALPHA Youth Account will encourage many UAE families to take the first step towards saving for the future. Mohamed Al Hadi, Head of Retail Banking & Wealth Management at Emirates Islamic, said: The young generation is extremely digital-savvy and socially aware. With the ALPHA Youth Account, we have implemented the latest technology to provide them with the tools required to make them financially responsible and start them on their journey towards financial wellness. Both the children and their parents can benefit from the range of rewards that come with the ALPHA Youth Account, including the opportunity to win AED 1 million with our flagship Kunooz Savings Account. The ALPHA Youth Account reflects Emirates Islamic's ongoing commitment to community empowerment, financial inclusion, and innovation in Islamic Banking. News Source: Burson Global
Mid East Info
17-06-2025
- Business
- Mid East Info
Empowering the Next Generation: Emirates Islamic introduces ALPHA Youth Account
The bank offers the younger generation access to a dedicated mobile app to manage their savings and a host of additional benefits Dubai, UAE, June 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched its new ALPHA Youth Account, designed to help parents save for their children while empowering the next generation with essential financial literacy skills. Customers can open the ALPHA Youth Account for their children under 18 years of age. Account holders receive access to a dedicated mobile banking app which allows them to manage their money and begin their financial journey online, while receiving exciting rewards. ALPHA Youth Account holders will also receive an opportunity to participate in a Kunooz Savings Account daily draw of AED 1,000, get a complimentary Debit Card, pay zero monthly fees, and enjoy special offers on entertainment, dining and shopping malls. The ALPHA Youth Account enables easy money transfers from parents to their children and offers parents better oversight into their child's spending habits. Parents applying for an ALPHA Youth Account for their children will also receive an opportunity to enter a Kunooz Savings Account draw for AED 1,000,000 every month including an exclusive entry to an AED 50,000 draw. The parents also receive complimentary membership to the Rewards Plus App providing a range of offers and discounts at more than 2,000 dining, shopping, entertainment, wellness, and luxury venues across the UAE. Commenting on the launch, Mohammad Kamran Wajid, Deputy CEO of Emirates Islamic, said: 'We are delighted to launch the ALPHA Youth Account which will help parents start saving early for their children while instilling financial literacy from a young age. Financial wellness is key to the growth of the nation's economy and wellbeing, and as a leading Islamic bank in the UAE, we are committed to improve financial literacy and empower families in managing their long-term financial goals. We are confident that the ALPHA Youth Account will encourage many UAE families to take the first step towards saving for the future.' Mohamed Al Hadi, Head of Retail Banking & Wealth Management at Emirates Islamic, said: 'The young generation is extremely digital-savvy and socially aware. With the ALPHA Youth Account, we have implemented the latest technology to provide them with the tools required to make them financially responsible and start them on their journey towards financial wellness. Both the children and their parents can benefit from the range of rewards that come with the ALPHA Youth Account, including the opportunity to win AED 1 million with our flagship Kunooz Savings Account.' The ALPHA Youth Account reflects Emirates Islamic's ongoing commitment to community empowerment, financial inclusion and innovation in Islamic Banking. About Emirates Islamic: Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
Al Bawaba
12-02-2025
- Business
- Al Bawaba
KIB announces winners of campaign for Youth Account customers
Kuwait International Bank (KIB) has announced the winners of the campaign for its Youth Account segment customers. Four lucky customers, Bodour Saad Aifan AlEnezi, Ali Khaled Ali AlMutairi, Bandar Mubarak Dinar Jaroub and Fahad AlHumaidi Maajoun AlHussaini, won the draw for iPhone 16 devices after having transferred their student allowance to the the winners of the campaign, Khaled Al-Hulaibi, Segments Manager at KIB, said: "the Youth Account customers campaign reflects our commitment to providing added value for our customers, particularly the youth segment, which we view as a cornerstone of our society. Through these special campaigns, we aim to strengthen our relationship with Youth Account holders, encouraging them to save and achieve early financial independence by leveraging their account benefits. We are dedicated to collaborating with distinguished partners and delivering innovative campaigns and exclusive rewards that align with young people's interests and aspirations as they pursue their future goals."Al-Hulaibi highlighted that the KIB Youth Account is specifically designed to meet the daily needs of young people aged 15 to 25, encouraging them to save, and offering both existing and new customers a variety of benefits. The account requires no minimum initial deposit or balance to maintain. Additionally, it includes a modern-designed prepaid card with benefits such as 1% cashback, usable at over one million ATMs worldwide. The card is also accepted by KNET and at more than 30 million point-of-sale (POS) locations globally, making KIB an ideal choice for young people. Furthermore, new customers opening a Youth Account can receive 5,600 reward points, redeemable through Talabat, Deliveroo, and iTunes gift cards. Additionally, Youth Account holders can open a Dirwaza Account, giving them access to cash prize draws held throughout the year, along with exclusive discounts at stores participating in the KIB Discount Program when using their Youth debit card. For a list of participating stores and restaurants, please visit It is worth noting that KIB, in line with its main slogan 'Bank for Life', continually strives to develop banking services and products that meet the needs of its diverse customer base in line with the demands of their modern lifestyles. The Bank is committed to delivering unique and innovative banking experiences that enhance its customers' daily lives, especially young people, helping them achieve their financial goals. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
05-02-2025
- Business
- Zawya
Dhofar Islamic empowers future leaders through youth savings account
Muscat: Dhofar Islamic Youth Account is designed to meet the unique financial needs of Omani youth to help them achieve their various ambitions and dreams to reach financial independence and build responsible future leaders. This youth-oriented account is a testament to Dhofar Islamic's commitment to empowering youth through flexible and convenient banking solutions that enable them to achieve financial independence from an early age, as it is specifically designed to meet the needs of youth between the ages of 18 and 23. The Youth Account is a Shari'a compliant savings account (based on Mudarabah principles) specially crafted to cater to the unique needs of youth aged between 18 and 23 years. It comes with no minimum balance requirement and allows free fund transfers through mobile payment service ensuring that young account holders can enjoy their banking experience without any extra fees. This innovative youth-centric account is a testament to Dhofar Islamic's commitment to empowering the youth with convenient and flexible banking solutions that enable financial independence 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 empower 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 experience within the banking industry in the Sultanate of Oman by adopting best international banking practices. It is also committed to following the best international practices in the Islamic banking sector. Therefore, Dhofar Islamic is keen to meet the aspirations of its valued customers by providing offers and services that are compatible with the provisions of Islamic Sharia. The Youth Account is available now at all Dhofar Islamic branches. For more information about the Youth Account and how to open an account, please visit any 25 branches around the Sultanate of Oman , or call our call center 24/7 on 24775777 for inquiries.
