Dhofar Islamic opens new branch in Falaj Al Sham

BankDhofar’s Islamic banking window, Dhofar Islamic, has announced the opening of a new branch in Falaj Al Sham in the Wilayat of Bausher, reinforcing its expansion strategy aimed at strengthening market presence and catering to the evolving banking needs of all segments of society.

The newly inaugurated branch is positioned to serve individuals as well as small and medium-sized enterprises (SMEs) in one of Muscat Governorate’s rapidly developing residential and commercial hubs, reflecting the growing demand for Sharia-compliant banking services in areas witnessing sustained urban expansion and population growth.

The expansion underscores Dhofar Islamic’s commitment to enhancing customer accessibility and delivering banking services in line with the highest standards of quality, convenience and operational efficiency. The branch offers a comprehensive portfolio of Islamic banking solutions, including current and savings accounts, personal finance products, and specialised financing solutions tailored for SMEs — a sector regarded as a key driver of economic growth and diversification in the Sultanate of Oman.

In line with ongoing digital transformation trends within the banking industry, the branch also provides advanced digital banking services designed to enhance customer experience, streamline transactions and improve service efficiency.

The move further reflects Dhofar Islamic’s broader commitment to advancing financial inclusion in Oman by enabling individuals, entrepreneurs and businesses to access secure, convenient and innovative banking solutions that support financial stability and stimulate economic activity across multiple sectors.

The branch opening is also aligned with the objectives of Oman Vision 2040, particularly in supporting economic diversification and strengthening the contribution of the financial sector to sustainable national development.

In addition to providing flexible financing facilities, the Falaj Al Sham branch will offer specialised financial advisory services aimed at supporting SMEs in their growth and expansion plans, thereby contributing to private sector development and job creation within the national economy.

Dhofar Islamic noted that the new branch has been designed to provide a modern banking environment centred on customer convenience, offering an integrated banking experience that combines innovation with operational excellence.

With the addition of the Falaj Al Sham branch, Dhofar Islamic’s network now exceeds 30 branches across various governorates of Oman, enabling the bank to deliver a broad spectrum of banking products and services to diverse customer segments, including children, youth, women, entrepreneurs and premium banking clients.