Financial institution Nizwa receives two prestigious awards at Alam Al-Iktisaad’s Islamic Banking and Finance Summit 2022

Muscat: Financial institution Nizwa, the main and fastest-growing Islamic Financial institution has lately been awarded the ‘Islamic Financial institution of the Yr’ title and ‘Greatest Sustainable Banking Merchandise Innovation’ accolade on the Alam Al Iktisaad’s Islamic Banking and Finance Summit (IBFS) 2022. Held below the patronage of His Highness Sayyid Fehr Bin Fatik Al Mentioned, His Excellency Tahir Al Amri, Government President of the Central Financial institution of Oman, was the Visitor of Honour and keynote speaker. Financial institution Nizwa was the occasion’s Presenting Sponsor, which was organised on the twenty ninth of November on the Crowne Plaza, Qurum. The Financial institution’s continued dedication to reaching development, progress, and innovation in Oman’s Islamic banking and finance sector is mirrored in sponsorships like these. 

Khaled Al Kayed, Chief Government Officer of Financial institution Nizwa, delivered the inaugural speech, highlighting the worldwide traits in Islamic Finance, its native progress and the following section of Islamic Finance in Oman. The occasion comprised interactive displays on the way forward for Islamic Banking and Finance and panel discussions involving a cross-section of business specialists from Oman, GCC and different worldwide markets. With a powerful understanding of the native market and confirmed capabilities to guide transformative change within the sector, Financial institution Nizwa performed an lively position in these discussions. Salim Al Maharbi, Chief Monetary Officer, Financial institution Nizwa, participated within the ‘Way forward for Islamic Banking and Finance and Islamic Fintech’ panel dialogue. Mustafa Al Naabi, Shari’ah Coaching Assistant Supervisor at Financial institution Nizwa, delivered a presentation titled ‘Shari’ah Pointers for Digital Banking.’

Commenting on profitable the awards, Al Kayed stated, “We’re honoured that Alam Al Iktisaad’s Islamic Banking and Finance Summit has recognised us because the ‘Islamic Financial institution of the Yr’ and in addition bestowed us with the ‘Greatest Sustainable Banking Merchandise Innovation’ award. Reaching such milestones fuels Financial institution Nizwa’s pursuit of excellence and our dedication to our clients.”

Since its inception, Financial institution Nizwa has strived to be the popular monetary associate of Oman’s individuals and enterprises. With a dedication to Shari’ah-compliant progressive monetary options, the Financial institution goals to supply its clients with a singular banking expertise in step with their evolving wants. Financial institution Nizwa has recognized key alternatives, important areas of enchancment and subsequently developed strategic plans which have helped keep its management place over time. The Financial institution’s acutely aware and constant efforts are a testomony to its most trusted place in Oman’s Islamic banking business.

Monetary stability and financial development, poverty alleviation and wealth distribution, monetary and social inclusion and environmental preservation are all rules shared by Islamic finance. This has allowed Financial institution Nizwa to capitalise on these similarities to develop into the appropriate medium to propagate the weather of sustainable finance within the Sultanate and align itself with Oman’s Imaginative and prescient 2040. Financial institution Nizwa intends to safeguard monetary stability and contribute to the sustainable prosperity of Oman. It’s dedicated to accountable financial development with minimal environmental impression and an inclusive monetary and financial system. The Financial institution strives to harness expertise and innovation to readdress monetary providers from a sustainability standpoint.

As a premier Shari’ah-compliant Islamic financial institution within the Sultanate, Financial institution Nizwa has constructed a outstanding fame because the Sultanate’s most progressive Islamic Financial institution by positioning itself as a sturdy, progressive and customer-centric Islamic banking establishment. Moreover, this 12 months, the Financial institution obtained awards for ‘Greatest Financial institution in Midsize Banks’ and ‘Excellence in Cellular Banking’ on the New Age Banking Summit (NABS) 2022 for its important position in propelling the Financial institution to new heights.

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