MUSCAT: Reinforcing its position as one of Oman’s most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank was recently listed amongst the fastest growing banks in the Middle East by Banker Middle East magazine the prestigious financial publication house.
Commenting on the bank’s inclusion in this prestigious list of banks, Salaam al Shaksy (pictured), Chief Executive Officer of Alizz Islamic Bank said, “We are extremely proud to be recognised for our growth in just under 4 years from commencement of our operations. Alizz Islamic Bank continues to make strides in our mission to become the premier Islamic financial services provider in the country by providing innovative solutions and top notch services to our clients. The banking industry is a heavily competitive market and for such a young bank to receive such a recognition is a testament to our strategy as an organisation.
Al Shaksy added “Alizz Islamic Bank is committed to providing the best products and services to our customers, offering over 35 sharia compliant solutions that meet the needs of both individual and corporate customers alike. Our business model is customer centric and designed to meet the needs of the various segments of society.”
Alizz Islamic Bank is proud of the performance it achieved during the first half of this year. This comes as a result of the united vision and mission of the dedicated employees at Alizz Islamic Bank in achieving the strategy and directives of the esteemed Board of Directors.
The bank’s recently announced its strong second quarter results for 2017 with financing receivables reaching RO 386.95 million registering a growth of 56.21 per cent when compared to the same period last year and growth of 23.71 per cent from the end of 2016. The deposits grew by RO 213.02 million from the same period last year, representing a growth of 100.31 per cent and by RO 134.35 million from the end of 2016 to reach RO 425.38 million.
Net operating income grew by 19.39 per cent when compared with the same period last year to reach RO 5.26 million.
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