Bank Nizwa named ‘Strongest Islamic Retail Bank in Oman’ at IRBA

MUSCAT: The fastest-growing Islamic bank in the Sultanate, Bank Nizwa has been awarded ‘The Strongest Islamic Retail Bank in Oman 2022’ conferred by Ukbased Cambridge International Financial Advisory (IFA) at the 8th Islamic Retail Banking Awards (IRBA) Ceremony 2022.

The award demonstrates Bank Nizwa’s commitment to providing consumers with tailored banking experiences that meet their changing needs through Shariahcompliant, cutting-edge financial solutions.

The IRBA analyses global Islamic banking efficiency performance using the most rigorous academic analysis. The prestigious awards recognise individuals and institutions that have demonstrated a solid commitment to Islamic retail banking and contributed significantly to its growth and success.

“Our pursuit of becoming the global leader in Islamic finance has been acknowledged with these wins by Bank Nizwa. Beyond growing our assets, we strive to provide Shariahcompliant products and solutions of the highest quality. The award motivates us to keep offering sustainable financial solutions to the community and provide the most exceptional customer service. With our solid footprint, as Oman’s leading Islamic bank, we are well positioned to promote Islamic banking,” said Arif al Zaabi, Assistant General Manager - Retail Banking.

“Our retail banking business has made remarkable achievements over the past few years. We have also expanded our customer base significantly by responding quickly and efficiently to emerging market trends and accelerating the shift to digital banking. Taking advantage of technological evolution, we are Oman’s first bank to open a digital-only branch to motivate those who still use conventional banking methods to adopt digital banking.”