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. Over the past three years, the bank 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 is also in the process of expanding its services to cater to 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 the in-house electronic cheque-clearing system.
To date, Bank Nizwa has expanded its reach, opening 11 branches across Oman in Muscat, Ghoubra, Al Khoud, Barka, Nizwa, Samail, Sohar, Ibra, Sur, Al Buraymi and Salalah.
Since its inception, Bank Nizwa has won various awards including four awards in 2015 alone. In addition to recently being named the ‘Best Performing Islamic Bank in Oman’ at the 2015 World Islamic Banking Conference, the bank also received the ‘Best Islamic Bank in Oman’ title at the 6th annual Islamic Finance Awards, the ‘Best Employee Retention and Motivation Program’ award at the annual Middle East Call Center Awards and was recently honored with the ‘Strongest Islamic Retail Bank in Oman’ title at the 7th World Islamic Retail Banking Conference. These accolades reflect the bank’s commitment to become the Islamic bank of choice in the Sultanate.