Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Wednesday, September 03, 2014  

Bank Nizwa celebrates launch of Islamic bank
Staff Reporter

MUSCAT Bank Nizwa, Oman’s first dedicated Islamic bank, on Monday celebrated its official launch into the Omani market.

HH Sayyid Shihab Bin Tariq Al Said, Personal Adviser to His Majesty Sultan Qaboos Bin Said, was the chief guest at the special reception held at the bank’s head office at Shatti Al Qurum.

Those present included the founders, members of the board, executive management team from the bank, media representatives and various dignitaries from across the Sultanate.

Sayyid Amjad Mohammed Ahmed Al Busaidi, Chairman, Board of Directors, Bank Nizwa, welcomed guests and thanked His Majesty for his visionary leadership that has made Islamic banking a reality in Oman.

“Throughout history there have been defining moments which have brought about growth and prosperity in Oman. It takes a lot of foresight and courage to follow a dream and bring it to fruition. For a long time we have aspired to fulfil the dream of having a fully Sharia compliant banking facility and we at Bank Nizwa have worked tirelessly to make that dream a reality. I am proud today to celebrate with you the successful opening of our very own fully dedicated Islamic bank,” he said.

Dr Jamil El Jaroudi, CEO of Bank Nizwa, said: “At Bank Nizwa, we have an unwavering commitment to Islamic banking and we look forward to assisting our customers with their financial needs. The openings of our branches here at Qurum and also in Sohar and Nizwa, are a significant step in the expansion of our financial footprint and we will continue to invest in our growth, as we further develop our presence across Oman. We will always act upon the needs of our customers, delivering the Sharia-compliant products and services that they require in order support their current and future financial needs.”

An audio visual presentation of Bank Nizwa from its very inception was showed at the function. The audience were also led on a very informative tour of the head office branch.

Since opening its doors on January 10, Bank Nizwa has welcomed a large number of customers.

It is the first bank in the Sultanate to provide services like account opening through identity cards for Omanis and resident identity cards for expatriates; instant issuance of personalised ATM cards and instant issuance of personalised cheque books.

OMAN TRIBUNE
NEWS UPDATES
Oman
NCSI launches new brand identity
Sultanate leads in anti-money laundering fight
SQU holds meeting on emergency medicines
Studies on old neighbourhoods enter second phase
International maths and science forum inaugurated in Sur
Oman has huge tourism potential, says Wheeler
After Everest, now Whittaker aims at Mount Vinson
Other Top Stories
Hadi to replace government
Palestine to push for statehood with Kerry
West Africa food security at risk as Ebola spreads
US drone targets Shabaab leader, fate unknown
Uruguay denies delay in taking six detainees from Gitmo jail
India
Blackout cripples Mumbai as Tata Power unit trips
Three militants killed as police raid hideout in Kashmir village
Canberra satisfied with Delhi’s N-safeguards
Missing files ‘no excuse for denying information’ under RTI Act
Delhi Metro snag leaves thousands in dire straits
Alagiri gets bail in land grab case
Country offers red carpet, not red tape, PM tells investors
66pc voters cheer Modi’s performance
Death row convict ‘can be heard in open court’
Probe ordered into RSS man’s murder
Government’s 100 days disappointing: Congress
New CBSE circular stokes controversy
Sister of UP rape accused gang-raped
Pakistan
Parliament stands behind Sharif
IMF programme in jeopardy as protests sap economy
Court issues notices to all parliamentary parties
US drones strike 390 times since ’04
Violent protest leaves capital residents angry
Severe drought in Thar raises poverty, suicides
Middle East
Hamas support surges despite Fatah tensions
11 killed as roadside blast hits Egypt security convoy in Sinai
Sudan closes Iran cultural centres, expels diplomats
UN crosses front lines, borders to provide aid to record 4.1m in Syria
Gaza war ends, but peace still elusive
Conservatives win top council post in blow to Rowhani
Pipeline set alight after attack on S. Arabia troops
Asia
Protesters in HK ‘powerless’ to change China plan
Sexual abuse of twins by father puts surrogacy in spotlight in Australia
Nato to declare Afghan mission accomplished, but leaves behind turmoil
UK whistleblower on trial for defamation in Thailand
Ousted Myanmar beauty queen hits back
Business
Brent falls $2 to hit 15-month low of $100 on demand fears
China antitrust probe selective, say US firms
Apple shadow looms large at Berlin show
Sensex gains 150 points to surge past 27,000 mark
ONGC seeks $6 to $7.15 gas price to break even
Sebi notifies norms for research analysts to check proxy advisors
Basel III to hit Islamic Banks
Central bank of Venezuela mum on data
Major Bangla retailers lock horns over safety conditions in factories
Europe
Kiev ‘can be seized in 2 weeks’
Scotland ‘Yes’ camp inches closer to win
Russia declares Nato a ‘security threat’ after West move to boost defence
Parents to be reunited with Ashya today
Blow to Johnson as ‘Boris Island’ airport plan scrapped
Sports
Rahane seals India rout of England
Kabir Khan resigns as Afghanistan coach
My records are invincible: Bolt
Timeless Test last survivor Gordon dies
United dominate Europe transfer deals
English clubs lead the way in spending
Serena, Djokovic blaze through
Spain, Greece advance as Senegal stun Croatia
Australia bounce back to reach final

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution