Sohar Islamic Broadens Its Corporate Banking Proposition with New Preloaded Card

Muscat: As organizations place greater emphasis on financial oversight and efficient expense management, Sohar Islamic is continuing to broaden its portfolio of Sharia-compliant payment solutions. Reinforcing this approach, the bank has launched its new Corporate Preloaded Card, offering businesses and public sector institutions a secure and structured way to manage spending across day-to-day operations.

Commenting on the launch, Fahad Al Zadjali, Chief Islamic Banking Officer at Sohar Islamic, said, “As organisations continue to evolve, effective financial management increasingly depends on the ability to balance operational agility with robust oversight. The introduction of the Corporate Preloaded Card reflects our commitment to providing practical, Sharia-compliant solutions that empower businesses to manage spending with greater control, transparency, and efficiency. By enabling organizations to allocate spending authority within clearly defined parameters, the solution supports stronger governance while simplifying day-to-day financial operations. At Sohar Islamic, we remain focused on developing innovative banking solutions that respond to the changing needs of our clients and contribute to their long-term growth and success.”

Translating this philosophy into a practical solution, the Corporate Preloaded Card is designed to accommodate a broad range of organizational structures and operating models, enabling businesses and public sector institutions to issue multiple cards under a single primary account for approved employees. The card supports a wide range of business-related expenses, including official travel, government and statutory payments, vendor settlements, procurement activities, office-related purchases, and both in-store and online transactions.

To support effective financial governance, the Corporate Preloaded Card can also be configured to align with each organization’s internal policies, giving businesses the flexibility to determine how cards are utilized, including the ability to apply spending controls and merchant category restrictions where required. By allowing transactions to be funded directly from company-allocated balances, the card provides an effective alternative for organisations seeking the functionality and convenience associated with corporate payment cards without relying on conventional credit facilities. At the same time, it helps streamline internal expense management by reducing reliance on cash transactions and minimizing reimbursement processes.

Complementing its expense management capabilities, the Corporate Preloaded Card is supported by flexible fund reloading and card administration features, enabling organizations to manage and adapt card usage in line with changing operational requirements. The card also supports secure local and international transactions, with global acceptance across merchant networks and online payment channels. Transaction security is reinforced through established chip and PIN protection standards, helping ensure a safe and reliable payment experience.

The introduction of the Corporate Preloaded Card reflects the growing demand among institutions for payment solutions that combine operational agility with greater transparency and accountability. By continuing to expand its suite of Sharia-compliant corporate banking solutions, Sohar Islamic is helping organizations simplify financial processes while reinforcing the governance and control that underpin long-term growth.

About Sohar International:

Sohar International is guided by a clear vision to become a world-leading Omani service company that helps customers, communities, and people prosper and grow. With a purpose to help people ‘win’ by delivering responsive banking for their ever-changing world, the bank offers innovative solutions across Commercial and Investment Banking, Wealth Management. The bank also provides Islamic banking services through Sohar Islamic, which offers innovative financial and financing solutions fully compliant with the principles of Sharia, effectively meeting the aspirations and needs of both retail and corporate customers. Operating with a strong digital-first approach and an expanding regional footprint—including presence in the Kingdom of Saudi Arabia—Sohar International is committed to driving value through strategic partnerships and a dynamic customer experience. Learn more at www.SIB.om