Alizz Islamic Bank launches SME banking services

As part of Alizz Islamic Bank’s dedication and commitment to provide shari’a complaint financial solutions to both retail and corporate customers, the bank has recently launched its all new SME Banking segment. Further, reinforcing its position as the Islamic financial institution that puts the customer’s needs first and foremost. The Bank believes that SMEs will be a key driver of sustainable economic growth in Oman. Alizz Islamic Bank SME Banking will include a comprehensive portfolio of financial services designed to address the growing needs of the sector. Given the increasing funding needs of SMEs, Alizz SME Banking will focus on offering flexible and convenient business financing. This will be targeted specifically at businesses that have been in operation for at least 3 years and need immediate financing for business expansion, working capital, business line diversifications and other business growth drivers requiring capital injection.
The bank will also provide SMEs with a state of the art e-banking platform that enables them to conduct their various business transactions anytime, anywhere. “Alizz Islamic Bank recognises that SMEs make a significant contribution to the economic growth and development of Oman, as well as being an important element for a competitive and efficient market. Our organisation is committed to supporting the growth of small businesses and has therefore developed this dedicated segment to cater to them. Alizz Islamic Bank SME Banking solutions help local entrepreneurs and business owners achieve their strategic goals through an array of innovative shari’a-compliant solutions, and our team of SME banking experts have developed a complete value proposition that is structured and designed to cater to the needs of Small and Medium Enterprises,” Mohammed al Lamki (pictured), Head of SME Sales and Services stated.