Bank Nizwa launches Islamic finance knowledge programme

Business Wednesday 25/October/2017 15:16 PM
By: Times News Service
Bank Nizwa launches Islamic finance knowledge programme

Muscat: Bank Nizwa has launched Oman’s first road show specialising in Sharia-compliant banking, insurance, and investment in partnership with Takaful Oman and Tanmia.
The inaugural session was held in Muscat under the auspices of Abdullah bin Salim Al Salmi, executive president of the Capital Market Authority (CMA).
During the launch event, Bank Nizwa’s Chief Executive Officer (CEO), Khalid Al Kayed, highlighted the bank’s experience in raising awareness about Sharia-compliant banking and benefits associated with the new platform created in partnership with Tanmia and Takaful Oman.
Al Kayed said, “What we are launching here today with our partners Takaful Oman and Al Kawthar Fund will take this road show concept to even greater heights by sharing their best practices in Islamic insurance and investment. This initiative is designed to reach students, professionals, entrepreneurs, public and private sector employees. As the pioneers of Islamic banking, we are aiming to engage every segment of society to nurture our industry’s growth and empower communities across Oman to lead financially secure lifestyles.”
Sayyida Dr Rawan Al Said, CEO of Takaful Oman Insurance, said, “Over the past few years, the Sultanate has undergone an exceptional growth trajectory in the takaful market. This is a direct result of Islamic insurance’s ability to offer an effective alternative to conventional insurance methods and deliver a wealth of benefits that meet multiple lifestyle choices.”
Sheikh Rashid bin Saif Al Saadi, CEO of Oman National Investments Development Company (Tanmia), the managing company of the Al Kawthar Fund, said, “Islamic investment opportunities have provided many in Oman with a unique gateway to reaching their financial ambitions. The multitudes of ways our unique investment vehicles can potentially nurture high-return on investments have continued to boost economic performance throughout the Sultanate.”
The road show is expected to be a perfect fit for citizens of different walks of life in addition to companies and businesses. The programme will next head to the Muscat branch of the Oman Chamber of Commerce before continuing to the Governorates of South Al Batinah, North Al Batinah, South A'Sharqiyah, A’ Dakhiliyah, A’Dhahirah, Al Buraymi, North A'Sharqiyah, and Dhofar.