MUSCAT: As part of Manar Alizz initiative, Alizz Islamic Bank, represented by the Shari’a Compliance and Audit Department and the learning and Development Department, welcomed a group of postgraduate students from the College of Shari’a Sciences to learn about the bank’s Islamic banking activities. This is part of a larger program to spread awareness about Islamic finance and its developmental role, while highlighting the role of Islamic banks in driving sustainable economy and providing researchers and scholars with important knowledge on Islamic economy in general and the Omani experience in this sector.
During the visit, Issa al Riyami, Head of Shari’a Audit and Compliance at Alizz Islamic Bank delivered a presentation to highlight key differentiators between conventional and Islamic banking. Al Riyami further elaborated on the strategic objectives of Manar Alizz initiative, which has been designed to attract international researchers and scholars to learn about the Omani experience on Islamic banking, educate members of the society about Islamic banking products, encourage banking innovation, and enable the bank’s experts to generate and share knowledge in their various fields of expertise. He explained that knowledge is the most valuable intangible asset that Alizz Islamic Bank is keen to develop through this initiative, acknowledging its vital importance in the world of finance and business as a platform to drive and build sustainable partnership.
“By devising innovative approaches and initiatives like ‘Manar Alizz’ we make sure to benefit the society and fulfill the mission of Islamic banking. There are many other interesting initiatives that we are launching soon as part of our drive to make the community at the center of all that we do and offer. We believe in giving back, which will not only bring about positive change in the communities in which we live and work, but will have more far reaching impact to enable individuals and businesses to thrive”, stated Al Riyami.
Students also commended the role of Alizz Islamic Bank towards reinforcing collaboration and solidarity in the community as part of its CSR commitment. To remain as close as possible to its customers and members of the society, and provide exceptional Islamic banking experience, Alizz Islamic Bank launched various activities in various governorates and wilayats across the Sultanate of Oman.