Muscat, Oman – Bank Nizwa, the Sultanate’s leading and most trusted Islamic financial institution, has been awarded the Excellence in Islamic Banking Award at the 15th Alam Al-Iktisaad Awards. This accolade celebrates the bank’s pioneering role in financial innovation, customer-centric solutions, and its commitment to advancing Islamic finance education in Oman.
The ceremony, held under the patronage of His Excellency Eng. Ahmed Bin Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), gathered prominent government figures and industry leaders. Mr. Salim bin Rashid Al Maharbi, Chief Financial Officer of Bank Nizwa, accepted the award on behalf of the bank.
A Testament to Innovation and Commitment
Upon receiving the honor, Mr. Salim bin Rashid Al Maharbi stated, “This esteemed award validates our unwavering commitment to excellence and innovation in Islamic banking. It fuels our drive to continuously push boundaries and enhance the Sharia-compliant banking experience for all our customers. This achievement is a tribute to our entire team and strengthens our resolve to lead the sector through digital transformation, strategic partnerships, and unparalleled service quality.”
Leading the Digital and Sustainable Finance Frontier
Bank Nizwa’s leadership is further cemented by its strategic integration of advanced financial technology. The bank has rolled out a suite of digital solutions—from its intuitive mobile application to its fully digital branch—making Islamic banking more accessible, efficient, and secure for individuals and businesses across Oman.
In parallel, the bank is setting new benchmarks in sustainable finance. Through its dedicated ESG (Environmental, Social, and Governance) strategy, Bank Nizwa has launched Oman’s first sustainable banking cards in the Islamic finance sector and directed sustainable financing towards vital areas like renewable energy, agriculture, and healthcare. Its innovative Waqf initiatives, including the Ishraq Waqf Fund and the Professional Diploma for Waqf Leadership Development, underscore its role as a catalyst for sustainable growth in line with Oman Vision 2040.
Championing Financial Literacy and Industry Growth
Beyond its banking services, Bank Nizwa plays a crucial role in promoting Islamic financial literacy. Through public awareness programs like the Islamic Finance Knowledge Sessions (IFKS) and specialized training for professionals via the Sairafah program, the bank is building a deeper public understanding of Sharia-compliant finance. Its recent collaboration to launch the Professional Diploma in Waqf Leadership further highlights its dedication to high-impact, specialized education, reinforcing Oman’s position as a hub for Islamic finance knowledge.
This award not only recognizes Bank Nizwa’s past achievements but also its dynamic vision for the future. As it continues to merge digital innovation with strict Sharia compliance and a deep commitment to customer and community, Bank Nizwa solidifies its status as the foremost force shaping the future of Islamic banking in the Sultanate.