Muzn Named The Banker’s Islamic Bank Of The Year 2022

Muzn, National Bank of Oman’s (NBO) Islamic banking window, has been named Islamic Bank of the Year 2022 by The Banker Magazine. Having won the award for the second year in a row, the achievement highlights Muzn’s strong performance and growth over the last year. Strengthening its customer-centric approach, Muzn has rolled out several new product launches and invested in new technology to achieve even greater customer satisfaction.
Salima Al Marzouqi, Chief Islamic Banking Officer, said, “At Muzn, we are at the forefront of providing end to end Shari’a-compliant banking solutions. By embracing innovation, we remain highly attuned to the needs of our customers and able to provide a distinguished banking experience that not only aligns with their values but meets their diverse financial requirements. We’re humbled to win this award, which we see as a testament of our efforts as well as motivation to continue to contribute in Islamic banking in Oman.”
Muzn has continued to upgrade its mobile app and Corporate Internet Banking platform to provide a seamless banking experience. Broadening its services further, last year Muzn has entered into a funding arrangement for the development of first ever Penicillin production facilities within the GCC which will provide local capabailities for producing critical medical supplies in the region. Muzn’s most recent product and service innovations over the last year include its Personal Financing facility, Kids Wakala account, and enabling cash deposits through a diverse network of CCDMs.
With community at its core, Muzn has contributed to a number of social causes and supported the development of the Islamic Banking sector in Oman by sponsoring and participating in industry-wide forums and symposiums, all while upholding its values to provide a Shari’a-compliant banking service to meet the needs of today.
To find out more about Muzn’s products and services, call 24770001 or visit www.muzn.om.
Background Information
National Bank of Oman
Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.