MUSCAT: Muzn, the Islamic Banking window of National Bank of Oman (NBO), recently marked its 10th anniversary. Established as the first licensed Islamic banking window in Oman, Muzn has witnessed robust progress, delivered excellence, and contributed to the growth of the Islamic banking sector in Oman.
To commemorate this milestone, Muzn hosted an exclusive event dedicated to celebrating its corporate partners at NBO’s Head Office in Athaiba. During the event, Muzn showcased its journey, while reflecting upon its growth and achievements and unveiled its revamped brand identity, aligned with the NBO’s brand. The attendees gained insights into Islamic banking sector, Muzn’s contributions towards the nation and were introduced to elevated products and services that will enhance the overall customer experience.
Abdullah Zahran al Hinai, Chief Executive Officer at NBO, said, "As we commemorate the 10-year journey of NBO Muzn Islamic Banking, we stand proud of our achievements and look forward to the exciting prospects of the sector. We also look forward to leveraging the growth provided by Islamic banking to grow our business. Guided by our values and commitment to Sharia-compliant principles, we have relentlessly pursued excellence in our offerings. Looking ahead, we will continue to leverage our expertise, nurture our partnerships, and introduce solutions that meet our customers’ needs."
Commenting on the 10th anniversary, Salima al Marzouqi, Assistant General Manager and Chief Islamic Banking Officer, said, "We are thrilled to mark this significant milestone in the journey of NBO Muzn Islamic Banking. It is a testament to the trust and confidence our customers have placed in us over the years. We are excited about the future of Islamic banking prospects in Oman and remain committed to further enhancing our offerings and continue our mission to empower individuals and businesses through Sharia-compliant banking solutions. We would like to express our gratitude to our customers and partners for their support and contributions to our success and we will continue to unlock opportunities that drive progress for their businesses."
Muzn Islamic Banking takes pride in building upon NBO's 50-year heritage as the first local bank in Oman. By combining the legacy of NBO with the expertise of Muzn Islamic Banking, the institution has created a unique value proposition in the market. It has strived to become a one-stop shop for all financial needs, providing tailored products and services to customers seeking Sharia-compliant banking solutions that are in line with their beliefs.
Muzn aims to meet the daily banking needs of all its customers, while it also assists them in navigating life events and in building and protecting their wealth. The Islamic banking window offers a range of Sharia-compliant retail and corporate banking products and services such as the recently launched Kids Wakalah Account with tiered profit rates and free takaful cover and the Tijarah and Masjid corporate accounts to name a few. Meanwhile, Muzn offers a secured service comprises a range of innovative digital solutions, which enable customers to efficiently monitor, control, manage and automate their payments, including Muzn Mobile App and Corporate Internet Banking platform. All Muzn’s portfolio of services is tailored to the needs of its customers to assist them in managing their finances, regardless of their age and of whether they are an individual or a business.
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