Bank Nizwa Continues to Empower Next Generation of Islamic Finance Bankers
Bank Nizwa is preparing the next consignment of Islamic finance professionals to take the helm. The bank has been the employer of choice for fresh graduates and veteran experts alike. Despite the industry still being in its infancy, Bank Nizwa has achieved a 90 per cent Omanization rate. In line with its strategy to empower local talent, the bank recently participated at the College of Banking and Financial Studies' Annual Career and Opportunities Fair.
Haifa Al Lawati, Acting Head of HR said, “Bank Nizwa has been at the forefront of empowering Omani talent in the Islamic finance sector. It is paramount to continue with our strategy of raising awareness among students on the industry, its prospects, benefits, and how rewarding it is to lead a career in it. We are always on the lookout for talent to nurture and train, so they can lead the Islamic finance industry into the future.”
Bank Nizwa has adopted a proactive approach to training and development and boasts an impressive track record in this regard. Since inception six years ago, the bank continuously conducts interactive training sessions for employees covering all day-to-day processes. Key topics of focus included cyber-security and Islamic banking best practices.
The bank’s ‘High 5’ initiative, a visionary plan introduced in 2016 that aims to target sustainable growth in line with its very own Strategy 2020, strives to providean enriched workplace environment that empowers employees to deliver excellence. Bank Nizwa has become the go-to-reference for Islamic finance in Oman and has organized various initiatives to raise awareness on the industry across Oman.
Background Information
Bank Nizwa
The formation of Bank Nizwa came about with the Central Bank of Oman granting its initial approval to the licensing of the Bank to Sheikh Saud bin Ali Al Khalili. Sheikh Saud and a further 92 other Omani individuals, companies and pension funds constitute the founder shareholders of the Bank.
Bank Nizwa is Oman’s first dedicated Islamic bank, with fully Shari’a compliant products and services.