PHOTO
Muscat - Bank Nizwa, Oman's ambassador for Islamic Finance, has launched the second phase of its 'Islamic Finance Knowledge Series' focusing on the public sector. This stage has been dedicated to raise awareness on Islamic Finance among government employees, starting with the Ministry of Endowments and Religious Affairs' Directorate in Nizwa. Over the next few months, Bank Nizwa's team of experts will deliver a series of in-depth sessions to government entities including the Ministry of Education and the Sultan Qboos Islamic Studies Institute.
"Our goal at Bank Nizwa is to spread the knowledge on Islamic Finance and its associated benefits to the widest possible audience in our communities and lead the way for the growth of the industry," said Dr. Ashraf Al Nabhani, General Manager Corporate Support.
He added, "According to the Statistical Year Book 2014, issued by the National Centre for Statistics & Information, the public sector in Oman employs close to 170,000. It is therefore imperative that we raise awareness on Shari'a-compliant banking among this key demographic of the Omani workforce. To begin with, we have joined forces with two ministries, the Ministry of Endowments and Religious Affairs and the Ministry of Education employing over 40,000 in various Directorates across the Sultanate."
The first phase of the campaign focused on various colleges and universities across the Sultanate including Sultan Qaboss University, Sohar University, Shinas College of Technology and University of Nizwa among others. Since its inception in 2013, Bank Nizwa has become the go-to-reference for Islamic Finance in the country participating and organizing several initiatives to raise awareness on the industry across Oman. In addition to the 'Islamic Finance Knowledge Series', the Bank has been offering novel products and services tailored to the needs of personal and corporate banking and helping people lead financially secure lifestyles.
-Ends-
About Bank Nizwa
Bank Nizwa is Oman's first dedicated Islamic bank offering a unique banking experience that combines Shari'a-compliant products and services with today's dynamic financial requirements. Since its inception in January 2013, the Bank has become a reliable partner to a growing customer-base, a market that is actively seeking an alternative to conventional banking. With a number of innovative and competitive propositions, its portfolio ranges from a full suite of personal banking solutions to relationship management and treasury products for global markets.
With two years of operations, Bank Nizwa has expanded its reach, opening eleven branches across Oman in Muscat, Ghoubra, Al Khoud, Barka, Nizwa, Samail, Sohar, Ibra, Sur, Al Buraymi and Salalah. As of June 30th 2015, its total assets reached OMR 300 million, representing a growth rate of 46% over the same period in 2014 with shares traded on the Muscat Securities Market (OM: BKNZ). Further information on Bank Nizwa is available on www.banknizwa.om.
For press inquiries and images, please contact:
Shaza Taher
TRACCS Public Relations
Telephone: +968 24 649-099
Fax: +968 24 649-088
Email: shaza.taher@traccs.net
© Press Release 2015
