Bank Nizwa inaugurates a digital-only branch in Mall of Oman

Bank Nizwa inaugurates a digital-only branch in Mall of Oman

Muscat: The leading Islamic bank in the Sultanate, Bank Nizwa, has introduced its first digital-only branch in the Mall of Oman. The paperless, unmanned branch was inaugurated by His Excellency Tahir Al Amri, the Chief Executive Officer of the Central Bank of Oman (CBO) along with Sheikh Khalid Abdullah Ali Al Khalili, the Chairman of Bank Nizwa, Sheikh Majid Ali Al Mamari, Board Member at Bank Nizwa and Mr. Khalid Al Kayed, the Chief Executive Officer of Bank Nizwa. In attendance were also Board Members and C-suite executives. In addition to providing market-leading services with an emphasis on rendering seamless customer experience, the digital branch is designed to educate consumers on Islamic financial products and services through its dedicated ‘Islamic Finance Knowledge Corner’.

Commenting on this significant milestone, Mr Khaled Al Kayed said, “The pandemic had expedited digitalisation in banking and other industries. Bank Customers were compelled to use remote banking for months. Due to this shift, more individuals use online and mobile banking now. Although this change was first driven by need, it led to masses of patrons learning about the simplicity, convenience and reliability that digital banking offers. This led to the belief that these services can successfully take