As part of its holy month of Ramadan initiatives, Bank Sohar’s dedicated Islamic Banking Window – Sohar Islamic had recently sponsored the Quran Memorizing Competition that witnessed participation of 100 youngsters. Organised by Kaab bin Zayed School, the competition was concluded with a rewarding ceremony that took place on 18 July 2014 in Al Umaraa Hall in Al-Hail, and was presided over by H.E. Sheikh Ahmed bin MasSoud Al Siyabi, Secretary General of the office of Grand Mufti of Sultanate. Representing Bank Sohar at the event were Mr. Fahad Akbar Al Zedjali, Sohar Islamic Al Ghubra Branch Manager.
Commenting on the sponsorship, Mr. Mohammad Haris, AGM & Head of Islamic Banking at Sohar Islamic said, “This sponsorship by Sohar Islamic is yet another proactive effort that aims to encourage the youngsters to read and understand the messages of the Holy Quran and to spread its values of peace. We believe in our role as a positively integrated component of the Omani society and we aspire to see the tangible impact of our initiatives in the community.”
Among the 100 participants in the competition, cash prizes were handed to children who successfully memorised and recited certain verses from the Holy Quran. The first winner received a cash prize of OMR 1,000, the second winner received a cash prize of OMR 500, and the third winner was awarded OMR 250 cash prize.
“I congratulate all the participants for their success, and I am pleased to see their enthusiasm and determination to understand and follow the teachings of Islam. I also congratulate Kaab bin Zayed School on the successful organisation of the competition that brought together the best of young Quran readers. Such initiatives encourage the younger generation to broaden their horizons and expand their knowledge, not only through reading and memorising, but also through understanding the messages and implementing the values of the religion,” added Mr. Mohammad Haris.
Sohar Islamic – Bank Sohar’s Islamic Banking Window was launched in 2013. All products and services offered by Sohar Islamic that include Retail and Corporate adhere to the highest level of Shari’ah compliance, and are specifically designed to meet certain key criteria including a complete segregation of funds; stand alone and independent branches, separate sales staff, a strong Shari’ah Supervisory Board and Shari’ah Audit and Compliance unit; committed management; and the application of the world’s best Islamic banking software. Sohar Islamic assures compliance with the standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
For more information regarding Bank Sohar’s Islamic Banking Window – Sohar Islamic, please visit any of our branches located in Muscat (Al Ghubra), Sohar (Falaj Al Qabail), Nizwa (Firq) and Salalah (Saada) or call us on 24730000 or visit the newly launched website on www.soharislamic.net .
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