National University of Singapore students visit Bank Nizwa to learn about Islamic Banking

MUSCAT: A delegation of students from the National University of Singapore recently visited Bank Nizwa to find out more about Islamic banking. The bank was the only one in Oman visited by the students – demonstrating the bank’s increasing role as the “go-to reference” of the industry and the growing importance of Islamic finance and banking in Oman and abroad.

Arif Al Zaabi, AGM Retail Banking at Bank Nizwa, said, “Islamic finance is rapidly growing across Asia, with investors, governments, and financial institutions increasingly leveraging its potential for both financing and development. We are hosting such student visits in order to engage the affluent demographic of millennials.

These are the Islamic finance consumers of tomorrow and it is our responsibility to introduce them to the benefits associated with Shari’a-compliant banking products and services that meet their evolving and modern requirements.”

The 22 business and political science students were on a tour of the Middle East.

They learnt about the difference between Islamic and conventional banks and more on the bank’s product portfolio of Shari’a-compliant banking in an overview shared by Arif Al Zaabi, AGM Retail at Bank Nizwa.

They also gained more insight into the bank’s operations and concept of Islamic finance as well as the performance of the bank’s retail business with a presentation delivered by Mohammed Sajari, Senior Manager Shari’a Structuring at Bank Nizwa. Educational tours which have been frequent in the past few years to Bank Nizwa help to continuously spread understanding and awareness of the core principles of Islamic finance to audiences looking to lead financially secure lifestyles.