ahli islamic Breaks New Ground with Digital OQGN IPO Subscription via the Mobile App

Muscat: In an industry-first move, ahli Islamic has announced a 1:1 profit-free financing (Al-Qardh Al-Hassan) option, accessible through its mobile banking app, for the historic OQ Gas Networks (OQGN) IPO in the Sultanate of Oman. Customers can use the mobile banking app to subscribe to the IPO at their convenience. ahli islamic will provide 1:1 profit-free financing (Al-Qardh Al-Hassan) option service digitally at competitive rates. In addition, ahli Islamic has become the first Islamic financial institution in Oman to provide 1:1 profit-free financing (Al-Qardh Al-Hassan) through a user-friendly digital platform. Its unwavering commitment to innovation and customer convenience underscores this transformative offering.

Commenting on the announcement, Noora Sultan, AGM – Head of Retail Banking at ahli Islamic, said, “This prominent step is a milestone in ahli islamic’s promising success journey. By offering 1:1 profit-free financing (Al-Qardh Al-Hassan) through our mobile banking app, we are making Islamic finance more accessible and convenient than ever before. Customers will be delighted by the ease of the subscription process, which exemplifies ahli islamic’s dedication to making financial transactions hassle-free.”

Hassan Al Zaabi, Head – Digital & Alternative Channels, ahlibank, added, ” ahli islamic’s 1:1 profit-free financing (Al-Qardh Al-Hassan) option is designed to enhance the overall banking experience for its customers, ensuring simplicity, accessibility, and unmatched convenience. We are proud to lead the way in digitalizing Islamic banking services.”

The Bank’s customers can download the mobile banking app linked to their ahli Islamic account, and invest in the OQGN shares following a few easy-to-navigate steps. Individuals (Category II) willing to subscribe to the IPO can do so starting 26 September until 5 October 2023.

Committed to modernizing Islamic banking practices, ahli islamic is dedicated to making financial services more accessible and customer-centric. With a focus on technological advancement and a comprehensive suite of Islamic financial products, ahli islamic stands at the forefront of the leading Islamic institutions in the Sultanate.

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