Oman's Al Yusr Islamic Banking meeting focuses on new policy, products

Muscat: Al Yusr Islamic Banking from Oman Arab Bank (OAB), recently held its first Supervisory Board meeting of the year.

The meeting held at the Corporate Office of Al Yusr in Al Ghubra, was attended by Dr Essam AlEnezi; Chairman of the Al Yusr Shari'a Supervisory Board and Dr AbdulAziz AlQasaar; member of the Board and other senior managers of Al Yusr.

The Sharia Supervisory Board approved several Al Yusr retail and corporate banking products and policy which are carefully developed keeping in mind the unique individual and business needs of the customers in Oman.

One of the key product approved during the Shari'a Board meeting is the Al Yusr Ladies Saving Account, giving special privileges and benefits to the account holders.

Abdul Qader Shir Al Bulushi; General Manager Al Yusr Islamic Banking mentioned that the first Shari'a Supervisory Board's meeting for 2015 recently held, was successful and the approval of new products will play a pivotal role in introducing innovative and value added products and services to meet the unique needs of Al Yusr customers. 

In the meeting, Dr AlEnezi also welcomed AlYusr new Internal Sharia Reviewer, Dr Muhammad Iman Sastra Mihajat, a Sharia expert from Indonesia. Dr Muhammad Iman will ensure that the products and services offered by Al Yusr are in accordance to the Sharia principles. 

He will also focus on training Al Yusr staff to enhance the understanding of its staff about Islamic banking practices.

Al Yusr will continue to facilitate more in-depth trainings to ensure that each employee can grow within Al Yusr, is motivated to perform at his or her best for the benefit of the organisation and customers. These training sessions demonstrate commitment of Al Yusr to develop the human capital.

(Times Of Oman / 21 April 2015)

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