(MENAFN- Muscat Daily) Muscat- As part of its commitment towards the national focus on optimising the development of small and medium enterprises (SMEs), Sohar Islamic, Oman's premier Islamic banking window from Bank Sohar, offers a wide array of products and services that are tailored to meet the financial needs of this segment of customers.
The Islamic window offers up to 90 per cent financing for SME projects over a period of up to seven years and competitive market prices as part of Sohar Islamic's Murabaha that is fully compliant with Islamic Sharia'a regulations.
Commenting on Sohar Islamic's commitment towards the national objective for growth and development of the SME sector in Oman, Salim Khamis al Maskry, DGM and head of Sohar Islamic, said, 'We are very much in adherence to the directives of His Majesty Sultan Qaboos bin Said and recommendations of the Central Bank of Oman on the optimisation of the sultanate's SME sector for further growth and diversification of the economy as a whole.
'Thus, our continuous efforts that aim at supporting SMEs are led by this goal and we invest every resource to encourage entrepreneurship and to motivate talented Omanis to participate in the growth of the SME sector.'
Sohar Islamic has developed an extensive range of products and financial solutions that are specifically designed to suit market developments and prevailing economic conditions.
They are developed to meet the needs of customers in this sector who have businesses in areas such as trade, contracting and supply services and much more.
The inclusion of ancillary services into its SME product portfolio allows Sohar Islamic to offer increased value addition to its customers. Customers who avail of its SME products are also entitled to a variety of facilities such as purchasing of construction equipment, machinery and commercial vehicles, hassle-free approvals for financing requests as well as provision of agreements with suppliers of equipment, vehicles and traders.
For more information regarding Sohar Islamic products, visit any of the branches located in Muscat (Al Khoudh and Ghubra), Sohar (Falaj al Qabail), Nizwa (Firq) and Salalah (Saada). Alternatively, customers can also call 24730000, or visit www.soharislamic.net.
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