Bank Nizwa named ‘Strongest Islamic Retail Bank’ in Oman

Bank Nizwa, Oman’s leading Islamic bank was named ‘Strongest Islamic Retail Bank’ in the Sultanate at the Islamic Retail Banking Awards (IRBA). Organized by the UK-based financial intelligence house, Cambridge IF Analytica, and in collaboration with Hamdan Bin Mohamed Smart University (HBMSU) in Dubai, the award recognized the bank’s efficiency in terms of operations and management of its retail banking services.

Renowned for its Shari’a-compliant products and services catering to retail customers, Bank Nizwa’s win came after a rigorous evaluation process conducted by a panel of independent experts.  Safety levels, transparency and reliability of retail business transactions were also key factors considered in the evaluations.

Commenting on the award, Acting CEO of Bank Nizwa, Khalid Al Kayed said, “Since inception in 2013, Bank Nizwa has been determined to lead by example and to offer the most innovative and tailored Shari’a compliant retail solutions. We are confident of what we have achieved and marked to date as we continue to create and deliver improved, secure and accessible banking experiences. This award appreciates Bank Nizwa’s deeply-rooted values of drive, innovation, principle and helpfulness in all its operations. It also emphasizes our commitment and celebrates our collective efforts towards shaping a successful future for Oman’s Islamic Banking sector.”

Arif Al Zaabi, Acting Head of Retail, added, “This award is another milestone that demonstrates our success in exceeding expectations and consistently delivering service excellence. We look forward to taking our performance to even greater heights and continuing to expand our range of products and services to meet the evolving needs of our valued customers.”

In addition to winning this award, the bank’s string of prestigious awards include, ‘Best Performing Islamic Bank in Oman’ by WIBC, ‘Best Islamic Bank in Oman’ at the 6th annual Islamic Finance Awards, the ‘Best Employee Retention & Motivation Program’ award at the annual Middle East Call Centre Awards and ‘Strongest Islamic Retail Bank in Oman’ at the 7th World Islamic Retail Banking Conference.