Bank Nizwa signs MoU with Imam Jabir Bin Zaid Waqf Foundation

Bank Nizwa signs MoU with Imam Jabir Bin Zaid Waqf Foundation

Bank Nizwa signed a Memorandum of Understanding (MoU) with Imam Jabir Bin Zaid Waqf Foundation to help them enhance their marketing and communication services. The agreement will help the foundation in raising awareness and its impact on humanitarian causes and wellbeing of the society at large. The MoU was signed by Arif Al Zaabi, Retail AGM at Bank Nizwa, and Eng. Ahmed Al Rashdi, Board Member and Chief Executive Officer of Imam Jabir Bin Zaid Waqf Foundation.

The initiative is in alignment with Bank Nizwa's commitment to support Islamic Awqaf (endowments), which is regarded as one of the most effective Shari'a-compliant tools to promote socially responsible activities for the greater benefits to humanity. In the past also, Bank Nizwa has collaborated with the Foundation on initiatives aimed at spreading knowledge about Waqf and its role in building a sustainable society and economy.

Arif Al Zaabi, Retail AGM at Bank Nizwa said, "Guided by the principles of Sharia and a firm dedication to give back to Omani society, our Bank remains at the forefront in promoting social development and investment through our impactful partnerships and programmes. Our collaboration with the Imam Jabir Bin Zaid Waqf Foundation endeavours to create awareness about the Foundation's