Bank Nizwa signs pact to launch iFinovation

MUSCAT: Bank Nizwa’s ability to innovate and introduce new sharia-compliant financial services has earned it commendable recognition and established it as the leading Islamic bank in the Sultanate. The bank has been at forefront of progressive change in the Islamic banking industry, building awareness around the sector’s products and service offering. Continuing with this commitment, Bank Nizwa has partnered with Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and Fingel Global to host a series of webinars under the name iFinovation (Islamic Banking Knowledge Series).

The agreement was signed virtually between the organisations as they announced the commencement of the programme. The virtual signing ceremony was attended by Khalid al Kayed, CEO of Bank Nizwa along with other members from the executive management of the bank. Other distinguished guests included Omar Mustafa Ansari, Secretary General at AAOIFI, Mughees Shaukat Chairman Advisory Board Fingel Global Inc, Canada, Dr Muhammad Fuad who is the President of ASAS, Malaysia as well as Mukhtar Abdullah CEO of ASAS Malaysia. Other important individuals were Mohammed Kateeb, CEO of Path Solutions and Tan Sri Syed Jalauddine, Senior Adviser of FGI.

The signing ceremony also witnessed the participation of key local dignitaries.