Bank Nizwa launched its new Recurring Deposits product to provide its customers with ideal solutions to effectively manage and plan for future commitments such as children education, retirement and many others.

Since its launch in December 2015, Bank Nizwa’s wide range of Shari’a-compliant Credit Cards have continued to experience solid growth across all segments. People availing of Bank Nizwa’s expansive suite of cards, enjoy a wide range of lifestyle benefits ranging from worldwide acceptance and competitive rates to lounge access, special discounts and enhanced security.

Reflecting its top quality assets and operating margins, Bank Nizwa was assigned first time ratings of Baa3 by Moody’s, one of the world’s most renowned credit rating agencies. The rating was made following a comprehensive long and short term assessment of the bank’s local and foreign currency deposits, allowing it to also receive a B1 Baseline Credit Assessment (BCA). The achievement recognizes Bank Nizwa’s strong foundation as a solid Islamic financial institution underpinned by tailored products and services that continue to meet the needs of customers across the Sultanate.

Bank Nizwa supported and participated in a charitable event held to encourage the spirit of giving in the holy month of Ramadan. Organized by the Oman Charitable Organization, Bank Nizwa employees joined volunteers and university students in a collective effort dedicated to raising funds for orphans across the Sultanate.

Bank Nizwa relaunched its Ramadan auto finance campaign to meet the rapidly growing demand for its vehicle financing solutions, offering customers lower monthly payments, up to 10 years of financing, 2 months deferral of the 1st instalment fast approvals and competitive profit rates to ensure hassle-free purchases.