Muzn holds first Sharia Supervisory Board meeting with new board members

Muscat: Muzn, National Bank of Oman’s (NBO) Islamic banking window, recently held its First Sharia Supervisory Board meeting.

Board members Sheikh Saleh Al Kharusi and His Highness Al Sayyid Dr Adham bin Turki Al Said were joined by newly appointed members Sheikh Dr Muhammad Zubair Usmani and Sheikh Dr Abdul Rahman Abdullah Al Saadi.

During the meeting, the board discussed its responsibilities, which include ensuring all products, services, activities, investments, operations and transactions are compliant with the principles of Sharia.

Salima Al Marzouqi, Chief Islamic Banking Officer, said, “Our Sharia Supervisory Board meetings ensure Muzn continues to be ready to meet the growing demand from customers for Islamic financial products and services which are aligned with their values. Adding to our highly qualified Sharia Board, our new members bring extensive experience and a deep understanding of diverse Islamic banking markets. This will be of great benefit to Muzn as we continue to increase our market share and create new investment opportunities to benefit the bank and enrich the lives of our customers and the community.”

Muzn is Oman’s first Islamic Banking Window that offers innovative, competitive and quality financial services and Sharia-compliant banking solutions with the values of Sharia at the core.