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.
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.
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.
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.
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.
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.
Building No. 766, Way No. 2609, Block No. 226, Al ROWDHA, Airport Heights, Seeb
Muscat
Muscat Governorate
Sultanate of 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.
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.
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.
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As of April 2025, Bank Nizwa' leadership includes:
Bank Nizwa has been backed by several prominent investors over the years, including:
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.
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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
Muscat Daily • April 29, 2024
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 Oman • February 15, 2024
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 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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