In a testament to the bank’s enduring legacy of driving excellence within the Islamic finance sector, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, was recently honoured with the prestigious title of 'Most Innovative Islamic Bank' at the International Finance Awards 2024, securing this distinction for the third consecutive year. The award underscores the bank’s commitment to offering exceptional banking experiences, underpinned by a comprehensive and innovative suite of Sharia-compliant solutions.
The esteemed International Finance Awards celebrate the outstanding achievements of financial institutions across the Middle East, Asia, Europe, and Africa, acknowledging excellence in leadership, capability, and industry standing. The ceremony witnessed the presence of several senior executives and prominent figures from the financial sector. Mr. Khaled Al Kayed, Chief Executive Officer of Bank Nizwa, and Mr. Mohammed Al Hashmi, Assistant General Manager of Governance and Compliance at Bank Nizwa, graciously accepted the award on behalf of the bank.
Commenting on this achievement, Mr. Khaled Al Kayed stated, “Being recognized as the Most Innovative Islamic Bank on such a prestigious platform fills us with immense pride. This accolade is a testament to our concerted efforts and commitment to innovation in the development of banking and financial services that meet the evolving needs of our customers, all while remaining firmly grounded in the core principles of Islamic finance. By continually pushing the boundaries of innovation, we not only set new benchmarks within the Islamic finance sector, but also leverage the latest advancements in Fintech to enhance our product offerings and customer interactions. Our strategic emphasis on innovation also empowers our team to unlock their full potential, fostering creativity, while delivering experiences that resonate with our customers’ values and preferences.”
This award comes in recognition of Bank Nizwa's continuous efforts to be at the forefront of driving innovation and digital transformation in the banking sector. The recognition also reflects the bank's dedication to providing innovative products and services that comply with Islamic Sharia principles. The bank has shifted its focus to enhancing customer experiences by launching new digital financial solutions through the utilization of the latest technologies in the banking sector.
Bank Nizwa’s emphasis on driving digital innovation has significantly enhanced its digital banking channels, exemplified by its intuitive mobile banking application. This platform enables customers to effortlessly execute a wide range of transactions and processes at their convenience. The app’s digital onboarding feature also allows customers to seamlessly open accounts. Additionally, the bank has established a digital branch at Mall of Oman, aimed at providing innovative services and delivering an exceptional banking experience to its customers.
Bank Nizwa is committed to providing Sharia-compliant solutions that cater to a wide range of customer segments, offering a comprehensive array of innovative products that meet the needs of all societal groups. In addition, the bank has consistently led the way in promoting Sharia-compliant investment opportunities, enabling investors to participate in landmark IPOs by subscribing through the bank’s app and branches.
As the leading and most trusted Islamic bank in the Sultanate of Oman, Bank Nizwa continues its commitment to fostering financial inclusion and empowering individuals and businesses to secure their financial futures. This approach not only enriches the lives of its customers but also contributes to the overall socio-economic growth and prosperity of the nation.