Tuesday December 7, 2021
Positioning itself as a strong, progressive and customer-centric Islamic banking institution, Bank Nizwa has earned a commendable reputation as the leading Sharia-compliant bank in the Sultanate which has resulted into winning ‘Best Performing Company (Large Cap)’ award. While playing a pivotal role in steering the bank to greater heights, its CEO, Khalid Al Kayed, has also received the much-coveted title of ‘CEO of the Year – Islamic Banking’ at the Alam Al Iktisaad Awards 2021.
The award ceremony witnessed as its Chief Guest Her Excellency Maitha Al Mahrouqi, Undersecretary of the Ministry of Heritage and Tourism. Also in attendance were other distinguished guests and prominent figures from Oman’s corporate world.
Bank Nizwa’s 5-year strategic roadmap, that was rolled out in 2020, focuses on the five pillars of development which include financial performance, technological advancement, market share, team & culture, and being a progressive organisation. Being on this journey, the Bank has been successfully able to expand its operations and record a stellar growth in overall performance. As the largest and faster-growing full-fledged Islamic Bank in Oman, Bank Nizwa has been leading the way for change with innovative Islamic financing products, focus on customer service and supporting the growth of local businesses.
“These awards are a testament to the successful contribution of the entire Bank Nizwa team. While I am truly honored to have received these awards, I would also like to extend my sincere appreciation to the entire team at Bank Nizwa who has been relentless in ensuring that we continue to deliver excellence in all operations,” said Al Kayed on receiving the award. “At Bank Nizwa, our focus has been on sustainable development while providing long-term benefits to our customers. With a strong market position, attested by our financial performance, Bank Nizwa is ahead of the curve in offering Shari’a-compliant banking solutions and products for customers and shareholders. This has also added several awards to our credit. As a pioneer in the Islamic banking sector, we will continue to advocate the benefits of Sharia-compliant financing in the region.”
Oman’s most trusted Islamic bank, Bank Nizwa has been honored with a series of coveted awards, conferred upon it ever since its inception. In 2020, Bank Nizwa was named the ‘Most Innovative Islamic Bank’ at the International Finance Magazine Awards for its focus on digitalization and introduction of innovative Shari’a-compliant products and services. Recognizing its outstanding performance in the Islamic banking industry, the bank was ranked as ‘One of the World’s Best Islamic Financial Institutions’ at the Global Finance 2020 Islamic Finance Awards; and awarded the coveted title of ‘Best Performing Company (Large Cap)’ at the Alam Al Iktisaad Awards 2020. The Bank was also awarded the most trusted Islamic bank in Oman at Oman’s popular Signature Luxury 100 awards.