Bank Nizwa scoops ‘Best Islamic Services & Products in Oman’ award
Bank Nizwa won the ‘Best Islamic Services and Products in Oman’ award at the third annual ‘Arab Banks Awards and Commendations of Excellence 2017’. Organized in Lebanon by the World Union of Arab Bankers (WUAB), the event was attended by a number of high profile individuals and representatives from regional and global financial entities. The bank received the award courtesy of its comprehensive range of Shari’a-compliant products and services.
Khalid Al Kayed, CEO of Bank Nizwa, commented, saying, “Over the years, we have maintained a longstanding dedication to providing our customers with tailored solutions to meet their needs, using their input to create products and services that empower them to lead financially secure lifestyles. As a result, today we continue to be at the forefront of the Sultanate’s Islamic finance sector, setting benchmarks for innovation, service, and quality in the process.”
Since the launch of Islamic finance in 2013, Bank Nizwa has continued to achieve impressive growth through the introduction of innovative products and services tailored to the needs of multiple segments. Its solutions are divided into the Personal Banking, Corporate & Commercial Banking and Financial Markets & Investments categories with customers served through multiple channels including branches, direct sales, call center, ATM/CCDMs, mobile application, and internet banking.
The formation of Bank Nizwa came about with the Central Bank of Oman granting its initial approval to the licensing of the Bank to Sheikh Saud bin Ali Al Khalili. Sheikh Saud and a further 92 other Omani individuals, companies and pension funds constitute the founder shareholders of the Bank.
Bank Nizwa is Oman’s first dedicated Islamic bank, with fully Shari’a compliant products and services.
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