A group of 20 students from the University of Washington visited Bank Nizwa head office to learn about the bank’s successful experience in Islamic banking, as well as the industry’s principles, development and unprecedented growth in Oman. The visit included a series of interactive meetings and discussions with the bank’s experts as the students had the opportunity to learn about both the theoretical and practical aspects of Shari’a-compliant banking and finance.
The delegation, which was comprised of a mixture of undergraduate and postgraduate students, visited Oman as part of a program dedicated to learning about the economics of the GCC region. They were handed brochures identifying the bank’s operations and the differences between Islamic banking products and their conventional counterparts, while their questions and inquiries were answered in the expanded discussions.
“The visit of students from the University of Washington, one of the top American universities in economics, accounting and finance, was a great opportunity to touch upon a series of timely topics in the global economy, while focusing on the growth of Islamic Finance globally and in particular in the Omani market,” said Dr. Ashraf Nabhan Al Nabhani, General Manager Corporate Support at Bank Nizwa.
He added, “These educational tours are aimed at proactively sharing best practices, knowledge and expertise with educational institutions in Oman and beyond. We are confident such initiatives will create new prospects for our industry, while catering to the aspirations of graduates and future professionals.”
Since opening its doors three years ago, Bank Nizwa has been committed to spreading awareness of Islamic finance through dialogue, seminars and roadshows. The bank has launched the ‘Islamic Finance Knowledge Series’ to educate local communities across the Sultanate on the benefits of Islamic banking and this visit is a continuation to its strategy to grow the industry and understanding of its core principles to audiences in Oman, the region and internationally.