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Bank Nizwa's Overview

Total employees662
HeadquartersMuscat
Founded

Bank Nizwa, established in 2012 and commencing operations in January 2013, is the Sultanate of Oman's first full-fledged Islamic bank. It is committed to providing a diverse range of Shari'a-compliant banking solutions for individual customers, small and medium-sized enterprises (SMEs), and large corporations. The bank focuses on ethical banking, transparency, and community development, aiming to be a trusted financial partner by offering innovative products and services that adhere strictly to Islamic finance principles. Bank Nizwa plays a pivotal role in the growth of the Islamic finance sector in Oman, striving for excellence in customer service and financial performance.

Where is Bank Nizwa's Headquarters?

HQ Function

The headquarters serves as the central command for Bank Nizwa, overseeing strategic planning, corporate governance, financial management, IT and core operations, risk management, human resources, and the overall direction of its retail, corporate, and investment banking activities.

Notable Features:

The head office, sometimes referred to as 'Nizwa House' or 'Bait Nizwa', is a modern facility equipped with advanced banking technology. Its design likely incorporates elements reflecting Omani heritage and Islamic architectural principles, aligning with the bank's identity.

Work Culture:

Bank Nizwa fosters a work culture rooted in Islamic values, emphasizing ethical conduct, integrity, customer-centricity, and continuous learning. It aims to create a collaborative and professional environment that encourages innovation in Shari'a-compliant finance and empowers employees.

HQ Significance:

As the headquarters of Oman's pioneering Islamic bank, this location is highly significant. It symbolizes the advent and growth of the Islamic finance industry in the Sultanate and acts as the nerve center for the bank's mission to provide ethical and Shari'a-compliant financial solutions to the nation.

Values Reflected in HQ: The headquarters' operations and environment aim to reflect Bank Nizwa's core values: Shari’a-compliance, integrity, transparency, customer focus, innovation, and community responsibility.

Location:

Bank Nizwa's operations are primarily centered within the Sultanate of Oman, where it has established a strong network of branches to serve its domestic market. While it does not maintain physical international branches, Bank Nizwa engages in correspondent banking relationships with international financial institutions to facilitate global trade finance and other cross-border transactions for its clients. The bank also participates in international Islamic finance conferences and forums to stay abreast of global best practices, contribute to industry development, and explore potential collaborations.

Street Address:

Building No. 766, Way No. 2609, Block No. 226, Al ROWDHA, Airport Heights, Seeb

City:

Muscat

State/Province:

Muscat Governorate

Country:

Sultanate of Oman

Bank Nizwa's Global Presence

Nizwa, Ad Dakhiliyah Governorate, Oman

Address: Nizwa Souq, Near Nizwa Fort, Nizwa, Sultanate of Oman

To cater to the banking needs of individuals and businesses in Nizwa and surrounding areas, promoting financial inclusion with Shari'a-compliant products.

Salalah, Dhofar Governorate, Oman

Address: Building No. 244, Block L, Street No. 23 July, New Salalah, Salalah, Sultanate of Oman

To serve the diverse customer base in Salalah and the wider Dhofar Governorate, facilitating economic activity and providing accessible Islamic banking solutions.

Sohar, Al Batinah North Governorate, Oman

Address: Sohar Souq, Near Sohar Fort, Sohar, Sultanate of Oman

To meet the financial requirements of the growing population and businesses in Sohar, contributing to the economic development of this strategic coastal area.

Buying Intent Signals for Bank Nizwa

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Bank Nizwa

As of April 2025, Bank Nizwa' leadership includes:

Sheikh Khalid Abdullah Ali Al Khalili - Chairman
Khaled Al Kayed - Chief Executive Officer (CEO)
Salim Rashid Al Maharbi - Chief Financial Officer (CFO)
Mujahid Said Al Zadjaly - General Manager - IT & Operations
Arif Al Zaabi - Assistant General Manager - Retail Banking
Mustafa Al Naabi - Assistant General Manager - Sharia Compliance
Saif Hilal Al Mawali - General Manager – Human Resources
Mohammed Khamis Al Hasani - Head of Risk Management

Investors of Bank Nizwa

Bank Nizwa has been backed by several prominent investors over the years, including:

Oman National Investments Development Co. (TANMIA)
Al Hosn Investment Company SAOC
Ministry of Defence Pension Fund (Oman)
Qatar International Islamic Bank (QIIB)
Civil Service Employees Pension Fund (Oman)

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

Bank Nizwa saw a significant leadership update in its finance department over the past year with the appointment of a new Chief Financial Officer, following the resignation of the previous CFO.

Departures

Narasimhan Ganesan, Narasimhan Ganesan resigned from his role as CFO of Bank Nizwa.

New Appointments:

Salim Rashid Al Maharbi, Salim Rashid Al Maharbi was appointed as the new CFO, bringing his expertise to Bank Nizwa's executive team.

Technology (Tech Stack) used by Bank Nizwa

Discover the tools Bank Nizwa uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Bank Nizwa Email Formats and Examples

Bank Nizwa likely uses a common professional email format for its employees, typically combining the employee's first and last name. While specific internal policies may vary, a standard structure is often adopted for consistency in corporate communications.

[first].[last]@banknizwa.om or [finitial][lastname]@banknizwa.om

Format

example.person@banknizwa.om

Example

85%

Success rate

News and media

Muscat DailyApril 29, 2024

Bank Nizwa net profit jumps 12% to RO4.1mn in Q1

Bank Nizwa reported a 12.1% year-on-year increase in net profit for the first quarter of 2024, reaching RO4.1 million. The bank's total assets also grew by 7.7% to RO1.61 billion....more

Times of OmanFebruary 15, 2024

Bank Nizwa wins ‘Most Innovative Islamic Bank’ award at IFN Awards 2023

Bank Nizwa was recognised as the ‘Most Innovative Islamic Bank’ in Oman at the Islamic Finance News (IFN) Awards 2023, highlighting its commitment to pioneering Shari’a-compliant financial solutions and services....more

Bank Nizwa (MSX Disclosure)January 1, 2024

Bank Nizwa Appoints New Chief Financial Officer

Bank Nizwa announced the appointment of Mr. Salim Rashid Al Maharbi as its new Chief Financial Officer, effective January 1, 2024. This followed the resignation of the previous CFO, Mr. Narasimhan Ganesan....more

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