In conjunction with the occasion of the 54th glorious National Day, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has announced the launch of a special National Day financing campaign that includes flexible repayment options across various finance products such as home finance, auto finance, and personal finance. This initiative supports Bank Nizwa’s ongoing commitment to meet the evolving and diverse needs of its customers by providing convenient financing solutions tailored to their requirements.
Demonstrating its commitment to sustainable growth and industry leadership, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, recorded a strong financial performance during the third quarter, ending September 30, 2024. With a net profit of OMR 12,431 million, reflecting a notable 6% increase, this upward trajectory not only underscores Bank Nizwa's effective strategic initiatives but also highlights its ability to navigate market fluctuations while adhering to its core Islamic banking principles.
In an initiative to enhance the waqf (endowments) investment sector in the Sultanate of Oman, the ‘Ishraq Waqf Investment Fund’ was launched today. The fund was established in partnership with the Ministry of Endowments and Religious Affairs, the Sultan Qaboos Higher Center for Culture and Science, and Bank Nizwa, in collaboration with the Oman National Investments Development Company ‘TANMIA’ as the fund's investment manager.
In celebration of the vibrant spirit and ingenuity of the nation’s youth, coinciding with Omani Youth Day, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, invites young individuals to discover its comprehensive range of products and services tailored to their unique needs. By offering exceptional digitized and Sharia-compliant banking solutions, Bank Nizwa underscores its commitment to empowering youth to establish strong financial foundations and embark on their financial journeys with confidence.
In a move reaffirming Bank Nizwa’s status as leading and most trusted Islamic bank in the Sultanate of Oman and robust financial position, Moody’s Investors Service (Moody’s) upgraded the bank’s outlook from 'Stable' to 'Positive'. This adjustment reflects Moody’s recognition of the bank’s strong capital reserves, stable liquidity, strong government support, and growing Islamic franchise supporting profitability and stable deposit-based funding structure, as well as its resilience in navigating market dynamics.
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