Bank Nizwa Receives 'Pioneer Islamic Bank in Oman' Award for 2017

Bank Nizwa was honored with the ‘Pioneer Islamic Bank in Oman’ award by the World Union of Arab Bankers during the 2017 Innovation & Excellence Awards for Financial Institutions & Entrepreneurship. Organized in Jordan’s capital Amman, the landmark event was attended by a number of high profile individuals and representatives from international and regional leading financial institutions.

The bank’s product portfolio and exceptional growth over the past year were key factors in winning the accolade. Bank Nizwa’s Shari’a-compliant offerings ranging from personal to corporate banking have continued to exceed the expectations of customers delivering efficiency, accessibility and convenience. 

Accepting the award on behalf of the bank was CEO Khalid Al Kayed, who said, “It is an honor to receive this award that does not only recognize our wide range suite of offerings and solid financial performance, but also our unwavering commitment to improving the well-being of local communities. We are proud to continue being at the forefront of innovation and customer satisfaction, setting benchmarks for superior quality and service excellence each and every day.” 

Bank Nizwa has nurtured the growth of Islamic finance in the Sultanate through the introduction of innovative products and services tailored to the needs of multiple industries. The bank’s longlist of innovation-drive milestones include the development of enriching digital channels, a dedicated SME Banking unit, and a dedicated mobile branch-on-wheels to name but a few.