Islamic Finance News Once Again Rates Muzn Among the Best Islamic Banks in Oman 2020

In recognition of its pioneering role in the Sultanate’s rapidly growing Islamic finance industry, Muzn has been named among the Best Islamic Banks in Oman 2020 by Islamic Finance News. Receiving the prestigious accolade for the fourth time, National Bank of Oman’s (NBO) Islamic banking window and the first-of-its-kind in the Sultanate continues to pursue innovation and the provision of modern Sharia’a-compatible services, products and solutions that meet the requirements and aspirations of its customers. Marking the publication’s biggest and broadest poll yet, the awards name the best of the Islamic finance industry, as voted by its readers.
Salima Al Marzouqi, Head of Muzn Islamic Banking, said, “We are delighted to have been recognised once again as one of Oman’s top Islamic banks. Despite a uniquely challenging year, we were able to rise to the occasion, offering our customers more choice and more value than ever. Playing a leading role in Oman’s Islamic banking sector over the last seven years, we continue to meet the needs of an ever-evolving market, promote digital transformation in the banking industry, and contribute to the Sultanate’s overall economic growth and development.”
Established in 2013, Muzn provides an all-encompassing range of Shari’a-compliant banking services to deliver financial solutions to a growing customer base. The bank offers innovative, competitive and quality Islamic banking products and services while ensuring they are accessible to all. The Islamic Finance News award marks the latest in a string of achievements for the bank, as it continues to focus on innovation and digital transformation, while providing the best customer experience possible.
Background Information
National Bank of Oman
Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.