Bank Nizwa earns distinction as the ‘Most Innovative Islamic Bank’ in the Sultanate

Bank Nizwa earns distinction as the ‘Most Innovative Islamic Bank’ in the Sultanate

Muscat: Bank Nizwa, the fastest-growing Islamic Bank in Oman, was recently honoured with the 'Most Innovative Islamic Bank' award from the International Finance Magazine, a prestigious business and finance magazine that connects investors, corporate leaders and companies from around the world. Held at the Jumeirah Emirates Tower Hotel in Dubai, the event was attended by Mr Khaled Al Kayed, the Chief Executive Officer of Bank Nizwa, who also received the award on behalf of the bank.

Bank Nizwa is leading the charge in the FinTech space in Oman and is actively driving transformation. It has been rewarded for its commitment to streamlining its activities by incorporating digital technology. This recognition is a testimony to the Bank's dedication to providing innovative Shari'ah-compliant products and services. In the past year, the Bank shifted its focus to aiding customers by launching new digital financial options. Additionally, it has been extending its reach into the untapped retail and wholesale Islamic banking areas.

Al Kayed celebrated the award by stating, "We are thrilled to receive this esteemed international recognition as a home-grown Islamic bank. A fundamental part of our accomplishment has been our commitment to excellence in delivering a full-scale Islamic banking solution to our customers, along