Oman Business: Bank Nizwa signs deal to support ‘Sahim’ programme – Gulf Digital News

Oman Business: Bank Nizwa signs deal to support ‘Sahim’ programme – Gulf Digital News

Bank Nizwa, Oman’s trusted Islamic Bank, has signed a deal with the Ministry of Labour to back the beneficiaries of the ‘Sahim’ programme with a set of shari’a compliant banking services specially designed for this category.

The Ministry of Labour’s ‘Sahim’ programme targets job seekers and fresh graduates by providing them with a temporary work contract in different segments; both government and private sector.

This programme comes in line with Oman 2040 Vision to empower the national cadres to fulfil the requirements of the labour market by spreading the culture of temporary work and flexible working hours and consolidating this culture of work in the community.

Overall economic growth

The ‘Sahim’ programme will not only provide job opportunities for Omanis graduates, but it also supports overall economic growth of the sultanate and improve living standards of individuals across the country.

As per the agreement, Bank Nizwa will provide timely and relevant Islamic finance options including financing facilities and services, savings and mudaraba investment accounts, credit cards, and many other banking products, for job seekers and fresh graduates making their entry into the competitive employment market.

The agreement was recently signed at Bank Nizwa headquarters by Khalid Al Kayed, CEO of Bank Nizwa, and Al Sayid Salem