May 26, 2018 7:00 AM ET

Capital Markets

Company Overview of Maisarah Islamic Banking Services

Company Overview

Maisarah Islamic Banking Services is headquartered in Muscat, Oman.

A'Sahwa Tower 2

Al Ghubrah Street

Muscat,  

Oman

Key Executives for Maisarah Islamic Banking Services

Maisarah Islamic Banking Services does not have any Key Executives recorded.

Maisarah Islamic Banking Services Key Developments

Maisarah Islamic Banking Services Reports Earnings Results for the Year Ended December 31, 2017

Maisarah Islamic Banking Services reported earnings results for the year ended December 31, 2017. For the period, the company's net financing income was OMR 9.75 million against OMR 7.96 million a year ago. Total Operating Income was OMR 10.88 million against OMR 8.85 million a year ago. Net operating profit was OMR 4.51 million against OMR 3.77 million a year ago. Net profit before tax was OMR 3.19 million against OMR 3.18 million a year ago. Net cash used in operating activities was OMR 62,244,000 against OMR 91,136,000 a year ago.

Maisarah Islamic Banking Services Launches Saada Branch

Maisarah Islamic Banking Services launched its new Saada branch in Salalah.

Maisarah Islamic Banking Services Signs Agreement with Sharaf DG

Maisarah Islamic Banking Services signed a memorandum of understanding (MoU) with Sharaf DG. Offering competitive Sharia-complaint options, the signing of the pact makes goods finance easier for the customers of Maisarah Islamic Banking Services. The MoU has been signed by Mohammed Al Mashani, executive manager, Retail Business and Channels- Maisarah, and Ganesh Mithra, regional country head (Oman, Bahrain & Qatar) of Sharaf DG during a signing ceremony that took place recently at Sharaf DG showroom. Customers can now directly choose any item from the showroom and request finance from Maisarah. As per the agreement, Maisarah will guide customers to purchase from Sharaf DG and in return Sharaf DG will guide its customers to Maisarah. As part of its future growth plan, Maisarah plans to distinguish itself by focusing on providing outstanding customer service, developing and launching new products, investing in technology to provide the best customer experience in timely and convenient manner. Maisarah is committed to leading the Islamic banking sector by investing in resources, sharing expertise and following best international practices in the market. Its products and services set the standard for best Islamic financial solutions and it is committed to lead with creativity and innovation to provide the best customer experience.

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