Sohar Islamic Launches Infinite Credit Card to Elevate High-Net-Worth Banking Experience
In a significant move aimed at enhancing its offerings for affluent clients, Sohar Islamic has unveiled its Infinite Credit Card. This premium product is tailored to meet the evolving financial needs and lifestyles of high-net-worth individuals in Oman. The introduction of this elite card not only expands the bank’s Islamic retail banking portfolio but also underscores its commitment to exclusivity, superior service, and long-term client relationships.
Strategic Shift in Client Engagement
Fahad Al Zadjali, Chief Islamic Banking Officer at Sohar Islamic, articulated the bank’s strategic focus on fostering deeper connections with high-net-worth clients. He emphasized that the Infinite Credit Card is designed to cater to customers who desire more than just transactional banking. Al Zadjali stated that the card embodies a premium proposition defined by relevance and trust, while remaining firmly rooted in Shariah principles. This initiative aims to align with the financial sophistication and expectations of the bank’s elite clientele, positioning Sohar Islamic as a distinctive player in the premium Islamic banking sector.
Exclusive Offerings Tailored for Diverse Clientele
The Infinite Credit Card is available in two distinct formats, each catering to specific customer profiles. The metal Infinite Card is exclusively issued by invitation to VVIP clients, representing the pinnacle of exclusivity within the bank’s credit card offerings. Conversely, the plastic Infinite Card is accessible to eligible customers based on criteria such as income, relationship value, and creditworthiness. This selective access aligns with the bank’s overarching premium banking strategy.
The card is offered with a waived annual fee and a clearly defined ujrah fee of OMR 120, ensuring that high-net-worth customers can enjoy premium benefits without recurring cost barriers. This pricing strategy reflects the bank’s commitment to sustainable, relationship-driven growth while reinforcing its position in Oman’s premium Islamic banking landscape.
Comprehensive Lifestyle and Financial Management
Designed as a holistic lifestyle and financial management tool, the Infinite Credit Card provides cardholders with a range of benefits. These include global airport lounge access, an initial allocation of 5,000 complimentary reward points upon activation, and an enhanced loyalty program that offers greater value on both everyday and high-value expenditures. Flexible payment options are also available, allowing customers to manage larger purchases through easy installment plans of 3, 6, 12, or 24 months at zero profit.
Robust Protection and Support Services
In addition to its commercial features, the Infinite Credit Card offers an extensive suite of protection and support services. This includes comprehensive insurance coverage for travel, medical emergencies, purchase protection, extended warranty, and zero lost-card liability. Cardholders benefit from round-the-clock global emergency assistance, enabling them to secure their card from anywhere in the world. A dedicated 24/7 concierge service further enhances the customer experience, offering personalized support for fine dining reservations, travel planning, preferred accommodation rates, car rentals, and airport meet-and-greet services.
Broader Role in Islamic Financial Services
The launch of the Infinite Credit Card is part of Sohar Islamic’s broader mission as a full-service Islamic financial institution. The bank is committed to providing well-structured, Shariah-compliant solutions across its retail banking portfolio while maintaining high standards of risk management and service delivery. This initiative not only enhances the bank’s product offerings but also reinforces its commitment to serving the high-net-worth segment in Oman.
About Sohar International
Sohar International is recognized as Oman’s fastest-growing bank, with a clear vision to become a leading service provider that fosters prosperity for customers and communities alike. The bank aims to deliver responsive banking solutions that adapt to the changing needs of its clientele. With a strong digital-first approach and an expanding regional footprint, including a presence in the Kingdom of Saudi Arabia, Sohar International is dedicated to driving value through strategic partnerships and an enhanced customer experience.
For further details, visit the source: www.zawya.com.
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