Bank Nizwa highlights Sharia-compliant wholesale banking solutions in Sohar

Business Saturday 05/May/2018 15:26 PM
By: Times News Service
Bank Nizwa highlights Sharia-compliant wholesale banking solutions in Sohar

Muscat: Bank Nizwa organised a gala dinner in Sohar to introduce its growing corporate clientele base to its innovative Sharia-compliant wholesale banking solutions.
Attended by Khalid Al Kayed, CEO of Bank Nizwa; R. Narasimhan, General Manager of Wholesale Banking; as well as the bank’s senior management team, the event gathered a host of corporates, small and medium enterprises (SMEs) and other organisations. The networking event underscored the bank’s plans to explore opportunities in the local wholesale banking market.
As the Sultanate’s pioneer Islamic banking institution, Bank Nizwa provided a suite of Sharia-compliant products and services to meet the needs of government entities, large corporates, project financing and syndication, and SMEs. In addition, the bank offers dedicated treasury, investment, international banking, and trade finance services.
Al Kayed said, “We live in an ever-changing economic environment as more people, communities, and industries seek more personalised solutions backed with technological advancements and trends. That is why Bank Nizwa has taken a proactive stance to foster innovation, encourage private and public sector partnerships, and pursue business excellence.”
“We offer transparent and advanced Sharia-compliant solutions to contribute to the economic diversification efforts led by the Omani government. Today, wholesale is a growing investment area despite a challenging marketplace. At Bank Nizwa, we pride ourselves on offering a full suite of innovative Sharia-compliant wholesale banking solutions designed to meet the needs of our growing portfolio of clients,” he added.
Narasimhan said, “Over the past five years, we have developed a comprehensive portfolio of Sharia-compliant products and services that go beyond catering, to the traditional needs of corporate banking. Islamic finance’s risk-sharing features and the strong link of credit to collateral means we offer can be tailored to accommodate large corporations, SMEs and start-ups.”
“Bank Nizwa’s wholesale banking offers comprehensive services through a team of experts who work closely with our customers to ensure a seamless experience. We are here to support all our existing and potential partners’ banking needs to keep their businesses running,” he added.
Bank Nizwa has been growing consistently year-on-year since its inception in all business segments, attracting various industries with its Sharia-compliant corporate and wholesale solutions. Bank Nizwa continuously seizes opportunities to showcase the benefits of Islamic finance in diverse industries and market segments. In 2017, the bank launched its Corporate Internet Banking Service to provide customers with a one-stop shop for all their banking needs.