Sohar Islamic, the Islamic banking window of Sohar International, has launched a new SME debit card with no annual fees, expanding its Shariah-compliant offerings for small and medium-sized enterprises in Oman.
The SME Debit Card allows corporate clients to withdraw, deposit and manage funds directly from their business accounts, aimed at improving cash flow management and facilitating routine business transactions.
The card is available without annual charges, providing cost-efficient access to essential banking services. New customers can apply at Sohar Islamic branches, while existing SME clients can request the card through relationship managers.
The card supports government payments and is accepted at more than 29 million point-of-sale terminals and Visa ATMs worldwide, enabling both domestic and international transactions. It also offers instant chip-enabled issuance at branches, allowing immediate access upon approval.
To meet higher SME transaction needs, the card provides a daily cash withdrawal limit of up to $10,400 (OMR 4,000) and a point-of-sale spending limit of up to $65,000 (OMR 25,000), supporting supplier payments, operational expenses and other business requirements.
Fahad Akbar Al Zadjali Head – Sohar Islamic
“SMEs are central to Oman’s economic diversification agenda, contributing meaningfully to employment creation, innovation, and long-term resilience. As this segment continues to mature, we are also witnessing a clear shift among businesses toward financial partners that offer principled, Sharia-compliant solutions without compromising on efficiency or relevance. Sohar Islamic’s approach is anchored in responding to this evolution, by making Islamic banking more practical, more adaptable, and easier to integrate into everyday business operations. The SME Debit Card reflects this direction, supporting enterprises that are increasingly choosing Islamic finance as a strategic and values-driven alternative.”
The launch marks a broader push by Sohar Islamic to strengthen its SME-focused financial ecosystem, aligning its Sharia-compliant banking solutions with the evolving operational demands of businesses across the Sultanate.
