Muscat, December 11th 2013

alizz islamic bank, the newest Islamic bank in Oman, today announced the launch of its Shari'a compliant Titanium and Platinum MasterCard Credit Cards. The new premium offering from alizz islamic bank, in collaboration with MasterCard follows the successful launch of the Shari'a compliant MasterCard Debit Card that has been well received by the bank's customers.

The Titanium and Platinum MasterCard Credit Cards offer a range of unmatched features and privileges that provide cardholders with exclusive lifestyle benefits. Besides enjoying seamless global acceptance at 35.9 million locations worldwide, alizz islamic bank cardholders will also have access to select airport lounges across the GCC, along with premium benefits and luxury retail shopping advantages offered by MasterCard's widely popular Priceless Arabia program.

Speaking on this occasion, Jamal Darwiche, Acting CEO of alizz islamic bank said, "We are proud to collaborate with MasterCard to introduce the Shari'a compliant Titanium and Platinum MasterCard Credit Cards tailored to meet the evolving requirements of the affluent segment. Being a newly formed financial institution that operates in compliance with Islamic principles, this launch represents a milestone in our ambitious plans to become Oman's leading Islamic Bank. Our vision is to provide our customers with innovative financial services and solutions that are exceptional and responsive to customers' requirements, and our collaboration with MasterCard is the best testament on our successful move towards achieving this vision."

Raghu Malhotra, Division President, Middle East and North Africa, MasterCard said, "Islamic solutions are gaining tremendous popularity among consumers in the region, especially across the GCC. At MasterCard, we identified this trend early on and have been working closely with financial institutions across the region to develop a range of unique products that address the specific needs of the community. We are delighted to collaborate with alizz islamic bank to introduce the Shari'a compliant Titanium and Platinum MasterCard Credit Cards which we believe will match the expectations of the bank's affluent segment and complement their lifestyle requirements."

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About alizz islamic bank SAOG
alizz islamic bank is one of the first dedicated Islamic banks in Oman. With an aim to offer customers an enriching banking experience designed for today's modern world, the Bank has focused its investments on human capital and best of breed of technology to ensure the delivery of exceptional, responsive customer service. Transparent processes and innovative products and solutions that are inspired by Islamic Shari'a cater to the diverse needs of both personal and business customers.

Founded in 2012 in accordance to Royal Decree No. 69/2012, the Bank's total paid up capital is 100 million Omani Rials of which 40% was raised by public investors during the Initial Public Offering (IPO) in September 2012. alizz islamic bank is promoted by Huriah Company LLC, aabar Investments PJS, First Energy Oman and Tasameem Real Estate Company LLC.

About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, @MasterCardMEA join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

For press inquiries and images, please contact:
Shaza Taher
TRACCS Public Relations
Muscat, Sultanate of Oman
Tel:  +968 24 649-099
Email: shaza.taher@traccs.net

© Press Release 2013