alizz islamic bank ends 2013 on a high note with win of ‘Most Innovative Islamic Bank Oman’ Award

Press release
Published December 29th, 2013 - 05:54 GMT

alizz islamic bank, one of the first dedicated islamic banks in Oman, has won the ‘Most Innovative Islamic Bank Oman 2013’ accolade by internationally renowned ‘Global Banking and Finance Review Awards’. The win recognised the bank’s innovative products and services tailored to meet requirements of a growing number of customers seeing Islamic banking as a true alternative to conventional banking.

Global Banking and Finance Review is a leading online portal that offers news and analysis about banking, business, technology and Islamic finance. Since its inception in 2011, the awards have been reflecting on the winners’ innovation, strategic achievements, progressive and inspirational contributions to the global financial community.

“This international reward clearly highlights alizz islamic bank’s commitment to producing world-class and competitive banking solutions that meet the growing demand of Shari’a compliant products and services,” said Jamal Darwiche, Acting Chief Executive Officer at alizz islamic bank. “With our forecast to achieve up to 15% year on year growth for assets, financing or deposits, 2014 will be an exciting year for us with plans to invest more in technology, introduce a wider selection of personal and business products, as well as, launch new branches across the Sultanate. Innovation and quality are at the forefront of our strategy to offer customers what they need for a successful journey,” added Darwiche.

alizz islamic bank offers customers an enriching banking experience by focusing investments on human capital and latest technologies such as the successful Oracle FLEXCUBE Islamic core banking system. Since its launch late September 2013, the bank witnessed a surge in communication with customers through conventional and social media platforms. Facebook recorded an increase of 154% in ‘Likes’ and Twitter followers increased by 179%.

Background Information

alizz islamic bank

Alizz Islamic Bank (SAOG) was established in accordance to Royal Decree No. 69/2012 which amended the banking law to include Islamic banking at licensed banks through either specialized banks or independent entities at the existing commercial banks.

Founded in November 2012, Alizz Islamic Bank provides retail and corporate finance through branches, online (, and mobile devices. Alizz Islamic Bank is here to deliver exceptional and sustainable results to our stakeholders by providing superior Shari'a compliant financial solutions.

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