Category: Banking

Gaining momentum

Conventional and Islamic banks in Oman maintain a steady growth in the first quarter of 2018    Oman’s banking sector continues to grow at a reasonable rate and has maintained its success in meeting the credit needs of all economic segments, with special emphasis on the small and medium enterprise (SME) sector, which has resulted in […]

Meethaq concludes ‘Little Investor’ programme training  

Meethaq, the Islamic banking window from Bank Muscat, successfully concluded the 2018 ‘Little Investor’ programme for school students all governorates in the Sultanate. With the conclusion of the programme, a total of over 10,500 students have been trained in financial literacy across the Sultanate. The ‘Little Investor’ financial literacy programme succeeded in organising over 370 […]

Bank Muscat
Propelling Growth

Bank Muscat’s Meethaq Islamic Banking was recently felicitated with the Award for Outstanding Contribution to Strategic National Development Initiatives at New Age Banking Summit 2018. Deputy CEO, Sulaiman Al Harthy talks about the rising prospects of Islamic finance in Oman and Meethaq’s plans for tapping potential areas of growth. Muhammed Nafie reports How is Oman’s […]

Said Al Hatmi
Ahlibanbk to appoint Said Al Hatmi as new CEO

Ahli Bank has announced that its board of directors has accepted the resignation of CEO, Lloyd Maddock, who has decided to leave the bank for personal reasons, according to a disclosure statement posted on Muscat Securities Market (MSM) website. The board has also decided to appoint Said Abdullah Al Hatmi, the current senior general manager- as the new […]

NBO New HQ 5
National Bank Of Oman Launches Cashback Campaign

  In the spirit of the Holy Month of Ramadan, the National Bank of Oman (NBO) launched a ‘CashBack’ campaign to reward NBO cardholders for everyday purchases. For minimum purchase of OMR 5, customers are automatically entered to a daily draw to win up to OMR 100. The rewarded amount will be transferred to the […]

Muzn’s Shari’a Supervisory Board Affirms Bank’s Full Adherence To Islamic Principles

  Muzn Islamic Banking concluded its first Shari’a Supervisory Board (SSB) meeting for the year on the 20th of March 2018. The SSB reviewed the Bank’s operations to ensure alignment with Islamic principles, and upon the assessment of the Shari’a Audit Report, the board confirmed that Muzn’s procedures, products and services are compliant with Shari’a […]

Nizwa Welcomes The Islamic Finance Knowledge Program

  Held under the patronage of Sheikh Dr. Khalifa bin Hamad Al Saadi, Governor of A’Dakhiliyah, Bank Nizwa, Takaful Oman Insurance, and Al Kawthar Fund organized the latest edition of the Islamic Finance Knowledge Program in Nizwa. The program highlighted the benefits of Shari’a-compliant financial tools with local attendees and various stakeholders in Nizwa, as […]

OAB Organises Workshop For High-potential Staff

  Oman Arab Bank (OAB) recently held the Socialisation Workshop as part of its ongoing Leadership Enhancement and Development (LEAD) program for its ‘high potential staff’. Organised at the specially designed Training Centre at the Bank’s headquarters in Al Ghubra, the workshop offered LEAD delegates with the opportunity to gain invaluable career insights from members […]

NBO New HQ 1
NBO Works Closely To Support Government Initiatives

  Continuing to drive forward their vision of being the bank of choice, the National Bank of Oman is playing the role of convener to key government officials to conduct meetings with great integrity. This move is in keeping with Vision 2040, to transform Oman into a knowledge based society, which serves as the economic […]