Wakalah financing product, a comprehensive and Sharia-compliant solution offers short-term finance facility for Maisarah's corporate customers.
Adding to its growing list of innovative products that offer customers attractive Sharia compliant solutions, Maisarah Islamic Banking Services has launched the Wakalah financing product for corporate customers.

Wakalah financing product, a comprehensive and Sharia-compliant solution offers short-term finance facility for Maisarah’s corporate customers. The product offers finance facility to help Maisarah’s business customers enhance their cash flow management by enabling the customers in getting funds for their working capital requirements.

It is based on the concept of Restricted Wakalah, which is an agency contract where the bank provides the capital to the customer who carries out the business on behalf of the bank.

Speaking about the product, Fawaz Al Ojaili, head of Wholesale Banking at Maisarah Islamic Banking Services said: “Wakalah Finance solution is designed for corporate customers to meet their short term funding requirements. Based on Restricted Wakalah, Maisarah will provide the funds to facilitate customers in managing their cash flow and working capital needs.”

He added, “As a leading Islamic bank, we are proud to launch products and services that reflect our commitment to better provide customer service. We are conscious that we have an obligation in terms of adding value in the communities in which we operate. We encourage our corporate customers to take advantage of this product and our team of experts are available to counsel them. Our innovative Islamic banking products and services are designed to fulfil our customers’ needs and meet their expectations.”

Maisarah Islamic Banking Services has successfully launched a number of Islamic banking solutions that has received positive feedback from its valued customers.

Maisarah is one of the fastest growing Islamic banking windows in the Sultanate with range of financial products and services. As a part of its strategy it operates as independent Islamic banking window and has maintained high standards of corporate governance, research and development, corporate social responsibility and customer service that have helped in winning various awards in local and international markets.

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.