Bank Nizwa Promotes Islamic Finance to Corporate and SME Clients in Salalah

Bank Nizwa organized and hosted a special dinner for its Wholesale Banking clients in the Governorate of Dhofar. Guests from corporates as well as small and medium-sized enterprises (SMEs) gathered to find out more about the wide-ranging innovative products and services on offer from Oman’s leading Islamic bank. The bank’s team demonstrated the benefits of Islamic banking as a diversifying source to achieve sustainable development goals. Hosting the event were members from the bank’s Board, Sheikh Khalid Abdullah Al Khalili, Chairman of Bank Nizwa, CEO Khalid Al Kayed and General Manager of Wholesale Banking, R. Narasimhan, along with members of the bank’s senior management team

Sheikh Khalid Abdullah Al Khalili, Chairman of Bank Nizwa, said, “We pride ourselves at Bank Nizwa for successfully leading the industry and increasing our market share, demonstrating strong resilience and performance across all our departments. Today, we remain steadfast and resolute in leading the charge of Islamic finance as a promising industry offering a multitude of opportunities for all communities including the business community.”

Khalid Al Kayed, Chief Executive Officer of Bank Nizwa, said, “We support clients from across the Sultanate with a comprehensive range of business products and guide them to the best possible products to empower them. Our aim is to get more corporates and SMEs to take advantage of our banking solutions to further both Islamic finance and the business community and we were delighted to reach out to our Dhofar customers. Islamic finance constitutes a vital sector for Oman’s economic diversification strategy and we are proud to drive these efforts further.”

Bank Nizwa’s Wholesale Banking team offers advisory services through some of the most qualified experts in the industry. The guidance coverage includes the fields of corporate banking, project finance, SME and commercial banking, global markets, government and investment banking, international banking, and trade finance. The bank has been successful in retaining a large pool of corporate clients in the governorate of Dhofar covering various industry segments including food security, poultry, cement, waste management, Infrastructure, tourism, plastics and resins, ports and free zone, as well as contracting and retail.

The Bank Nizwa Wholesale Banking Group provides a full suite of Shari’a-compliant products and services to meet the modern banking needs of government institutions, large corporates, project financing, and SMEs. The bank also offers dedicated treasury, investment, international banking, and trade finance services making it the business partner of choice for small to large enterprises across the Sultanate. It also offers a wholesale banking support division, which is a customer-centric function mandated to provide excellent customer service and quick turnaround. New initiatives this year include the Islamic Banking for Business knowledge series. The bank has been servicing the retail and wholesale banking sectors since November 2013.

Over the course of six years, Bank Nizwa has been dedicated to engage with the local community and instill the knowledge of the benefits, opportunities and potential of Islamic banking through growing its retail footprint through 13 network branches to date. Collaborating with a number of private and government institutions, the bank has also successfully led and organized numerous workshops, events and roadshows empowering various stakeholders of different backgrounds and interests with the advantages of Islamic financial tools and solutions to help them lead financially secure lifestyles. In addition, reflecting its key role in raising awareness of Islamic banking, Bank Nizwa hosted a number of international and local delegations sharing its expertise and spreading the understanding of the core principles of the Islamic banking industry.