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.
Demonstrating its pivotal role in driving the country’s progress, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, signed a financing agreement, pledging a financial commitment of USD 45 million, for the groundbreaking Hafeet Rail project. The signing ceremony took place in Abu Dhabi. The landmark initiative that connects the capital of the United Arab Emirates (UAE), Abu Dhabi, and the Sohar Port in the Sultanate of Oman marks a significant milestone in regional collaboration and infrastructure development.
Committed to fostering awareness of Sharia-compliant financial solutions across diverse segments of society, Bank Nizwa, the leading Islamic bank in the Sultanate of Oman, recently participated in the Mazaya Exhibition, organized by Sultan Qaboos University, held in the SQU Cultural Center Grand Hall. The exhibition provided an excellent platform for Bank Nizwa to engage with the academic community and students.
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