Al Yusr Islamic | Oman Arab Bank

Oman Arab Bank, being a major financial player in the market has established its Islamic Banking Window as per constituents of Islamic Banking Regulatory Framework (IBRF) issued by Central Bank of Oman (CBO). The Bank is marketing its Islamic banking operations with a unique brand name of Al Yusr. In accordance with the CBO regulations, the Bank has adopted a Bank within the Bank model for its Islamic Banking operations. Al Yusr started its Islamic Banking operations from the 5th of Ramadhan 1434AH (14 July, 2013AD). The Bank has adopted a strategy where it plans to tailor its products observing customer behavior and overall market reaction on the Islamic banking products that early movers have offered in Oman. This is expected to closely meet customer needs and demands. The unique feature of Islamic Banking that distinguishes it from the existing conventional banking streams is the Sharia compliance governance structure that consists of Sharia Supervisory Board and Sharia Audit a...