SME Banking

Bank Nizwa SME Banking provides a suite of Sharia compliant products to meet the everyday banking needs of all categories of SMEs. We endeavour to provide an ethical banking environment that supports growth at every stage of our client’s business lifecycle.

Small and Medium Enterprises (SME) in the Sultanate are categorised based on the number of employees and annual turnover. Broadly, SMEs are divided into three categories: Micro Enterprises, Small Enterprises and Medium Enterprises.

SME Categories are defined as follows:

Size of Enterprise Number of workers Annual Revenue
Micro 1 to 10 Less than RO 150K
Small 11 to 50 RO 150K to 1.25 Mio
Medium 51 to 150 RO 1.25 Mio to 5 Mio

New Value-added Services and Benefits

  • Internet Banking: Five free local transfers each month.
  • Multiple Cheque Books: Provide up to 5 free Cheque Books.
  • Dedicated Relationship Manager: In-depth knowledge of Islamic banking principles.
  • Educational Workshops: Organize educational workshops and webinars.
  • Free Debit Card for Daily Usage: Do your daily Cash withdrawal/CCDM, POS and Online transactions.
  • FX special rates: Special rates on USD and AED.
  • Guarantees special rate: Provide Businesses with discounted guarantees.
  • Sweep account: Offer sweep account feature to manage your operation more efficiently.

SME Finance Offer

  • Equipment finance.
  • Trade Finance.
  • Competitive Profit Rates.
  • Quick Turnaround Time.
  • Flexible Repayment Terms.

Corporate Internet Banking Features

  • Salary Staff Process Bulk payments.
  • View and download all account statement with dashboard.
  • Payments covering Self/ within bank /within Oman / International.
  • Specific foreign currency exchange rates are supported.
  • Multi-currency payments.
  • Daily limit is RO.1 million, other than salaries.
  • Generate advices for OMR and Foreign Currency payments.
  • Fully automated processing.
  • Security Features.

Corporate Debit Card Features

  • Free eco-friendly Debit Card.
  • Zero minimum balance.
  • Can be used locally or internationally.
  • Can be used for daily Cash withdrawal/CCDM, at POS, and online.
  • Daily Cash withdrawal up to OMR 5,000/-.
  • Daily POS transaction up to OMR 20,000/-.
  • Daily Online transaction up to OMR 20,000/-.
  • Transaction Alerts.

Takaful Cover

  • Sharia compliant product.
  • Available through all Bank Nizwa Branches.
  • Competitive rates.
  • Comprehensive and third party Takaful.
  • All types of Vehicles Takaful.
  • Travel Takaful.
  • Domestic Helper Takaful.

Benefits of SME Employees

  • Wealth Management.
  • Saving or Current Account.
  • Investments Account.
  • Recurring Deposits.
  • Youth Account.
If company registers with us, they will be eligible for the following:
  • Auto Finance.
  • Home Finance.
  • Personal Finance.
  • Education Finance.
  • Commercial Finance.
  • Buyout Finance Diminishing (HF & PF).
  • Sustainable Finance.
  • Iskan Programme.
  • Credit Card.
*Terms and conditions apply.
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