Bank Nizwa started operations in January 2013 to offer the people of Oman a unique banking experience that combines Shariah compliant products and services with today’s dynamic financial requirements. Bank Nizwa’s strategy was built on innovation, service excellence and continuous development and growth. Catering to the people of Oman with an unmatchable banking experience, Bank Nizwa effectively combines Shariah compliant products and services with today’s dynamic financial needs.

Closing in on six years as Oman’s go-to reference of Islamic finance and banking, Bank Nizwa has witnessed steady growth in its customer base as more people seek an alternative solution to conventional banking. With the concept of Islamic banking gaining momentum in Oman, Bank Nizwa continues to offer reliable competitive propositions for customers looking to lead financially-secure lifestyles.

In tandem with its ongoing strategy to bring Islamic banking to customers’ doorsteps and fingertips, the bank currently offers a suite of financing, savings and investment products for individual customers. The bank has also expanded its services to cater to SME, corporate and commercial customers, while providing tailored products for the segments of investment banking and global markets. With innovation at the forefront of its successful operations, Bank Nizwa has been consistently introducing forward-thinking products and services such as its online and mobile banking solutions.

To date, Bank Nizwa has focused on expanding its reach across the Sultanate and raising awareness on the benefits of Islamic finance with a network of 13 branches located in Qurum, Al Ghubrah, Al Khoudh, Nizwa, Ibra, Sumail, Sohar, Salalah, Sur, Barka, Buraimi, Ma’abela and Al Khuwair.

Guided by the principles of Shariah and a firm dedication to give back, Bank Nizwa has taken a leading role in promoting the social development of local communities. Since its inception, Bank Nizwa’s Masoliyati program has successfully served as a volunteering platform founded under the theme of ‘Responsibility’.

The bank’s long list of awards includes more than 25 local, regional and international awards over the years, including the ‘Strongest Islamic Retail Bank’ award in the Sultanate at the Islamic Retail Banking Awards 2018 for the fourth consecutive year, the ‘Islamic Bank of the Year’ award by the leading Corporate Livewire Finance Awards and the ‘Excellence in CSR in Islamic Finance’ award at the regional Corporate Social Responsibility in Islamic Finance Conference and Awards ceremony, to name but a few.

Maisarah, the Islamic banking window of BankDhofar, is one of the fastest-growing Islamic banking entities in the Sultanate of Oman with total assets exceeding US$1.5 billion. Maisarah is enhancing its footprint with well-experienced business divisions with expertise in investment banking, treasury, wholesale banking, trade finance and retail banking.

Maisarah offers a diverse range of superior Shariah compliant products and services as part of its continuous commitment to fulfill the long-term goals of its stakeholders. Maisarah has grown tremendously since its inception and is strengthening its position with a strong performance track record and remarkable milestones in the Islamic finance market. In 2019, Maisarah grew its gross financing portfolio by 12.4% and customer deposits grew by 14.7%. In 2020, Maisarah continues its commitment to reach out to a larger customer base with upgraded systems, cutting-edge technology and state-of-the-art financial and investment solutions.

In recognition of the achievements, Maisarah has won many accolades since its inception, including the ‘Best Islamic Bank in Oman’ at the Middle East Banking Award Finance’s Achievement Awards and ‘IFN Oman Deal of the Year Award 2018’.

With a focus on the future, Maisarah is already enhancing its technological capabilities, digitalization, transformation and aggressive expansion of its channels to meet growing customer needs and expectations.

Part of the National Bank of Oman (NBO) Group, Muzn Islamic Banking is a licensed Islamic banking window operating in the Sultanate of Oman providing Shariah compliant financial solutions to customers.

Muzn’s Shariah supervisory board comprises world-renowned scholars and is the highest authority for all Sharia related matters, ensuring Shariah compliance at all times and at all levels within the bank.

Muzn’s corporate banking
At Muzn’s corporate banking, we strive to understand our customer’s business requirements by maintaining long-term, steady relationships. Our in-depth knowledge of the different industry sectors in the Sultanate of Oman has been built over the years. We also provide innovative Shariah compliant solutions that cover corporate finance, project finance, trade finance, capital and treasury products and retail banking services. Our dedicated team of relationship managers will match your business needs with Shariah compliant corporate banking solutions.

Our vision is to stand firm with our customers while identifying areas for growth and efficiency. We are able to suggest practical, cost-effective Shariah compliant methods to take advantage of the opportunities that have arisen with the introduction of Islamic banking in the Sultanate of Oman.

Muzn’s retail banking
Muzn’s retail banking provides a diverse range of Islamic banking solutions that allow our customers to fulfill their financial requirements — from buying a home to saving to securing their children’s future.

Muzn’s privilege banking
Privilege customers may enjoy the following benefits:
• Attractive profit rates on the Privilege Premium Account and Muzn Flexi Wakala Elite Account
• Muzn Privilege Platinum Debit Card
• Access to over 950 airport lounges worldwide, and
• Privilege merchant discounts and benefits.

Muzn’s e-channels
Our digital banking solutions make Islamic banking even more convenient. Our channels include retail and corporate internet banking and mobile banking.

Muzn’s CCDM facility
Muzn customers can deposit funds directly into their accounts through any of the NBO’s 60 automated cash and cheque deposit machines (CCDMs) located across the Sultanate.

SASLO is an Omani full-service law firm with international experience, providing legal services for more than 27 years across a broad range of sectors and practice areas. The firm has 32 full-time lawyers in two departments — Corporate Commercial and Dispute Resolution. SASLO has advised on some of the most complex financing and infrastructure projects in the Sultanate and has been involved in significant litigation and arbitration in Oman, setting precedents with the Supreme Court.

SASLO has a reputation for providing practical and commercial advice in the context of Omani regulatory and legal requirements. SASLO has a good working relationship with all the government ministries and decision-makers within Oman whose remit affects the business of both local and international clients. In addition to this, SASLO has regularly acted as the advisors to the government for the regulatory development of the business environment.

Having its head office in Muscat and branches in Sohar and Salalah, SASLO is capable of responding rapidly to the legal needs of its clients anywhere in the Sultanate of Oman.

Launched in April 2021, Redmoney Consulting is a new and highly focused advisory firm focusing on global Islamic, Ethical, Responsible and Sustainable Finance. Redmoney Consulting is a logical extension of REDmoney Group, the Islamic finance industry’s leading media house with a truly global audience. In addition to Islamic finance, the Group has steadily increased its coverage of the green and sustainable finance sector as the two markets continue to converge. Redmoney Consulting provides an expansive service allowing its consultants to provide advisory and consulting services at the highest level for the most discerning of clients.