How to open a bank account in Dhofar Islamic Bank (sebelumnya bernama Maisarah Bank)

• founded in 2013, a rapidly developing Islamic bank in Oman;
• the bank opens savings (deposit) and current accounts;
• the bank mainly opens accounts only for companies registered in Oman, but case by case they are willing to consider companies from the GCC (Gulf Cooperation Council); personal accounts are also opened only for residents of Oman;
• a foreign company will require a branch in Oman to open an account, and a package of legalized documents for a GCC company;
• initial deposit for corporate accounts – OMR 1 000 (~ USD 2 600) and OMR 100 000 (~ USD 260 000) for personal manager; for personal accounts: OMR 100 (~ USD 260) and OMR 30 000 (~ USD 78 000) respectively;
• personal visit of founders and account signatory in Oman is required for account opening;
• basic available currencies: OMR, USD, EUR, AED, but it is necessary to open account in local currency first;
• credit and debit bank cards are available, as well as checkbooks;
• pre-approval is possible before the account opening process;
• transfer fee to a foreign bank is ~ OMR 3,74* (~ USD 10);
• Internet Bank in English;
• time of account opening: about 1-2 weeks

*Rates are approximate as they may eventually vary depending on the service program chosen by the client in the bank