Alizz Islamic Bank (In
Arabic
Arabic (, , or , ) is a Central Semitic languages, Central Semitic language of the Afroasiatic languages, Afroasiatic language family spoken primarily in the Arab world. The International Organization for Standardization (ISO) assigns lang ...
: بنك العزّ الاسلامي) is a full-fledged
Islamic bank
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some ...
operating in The Sultanate of
Oman
Oman, officially the Sultanate of Oman, is a country located on the southeastern coast of the Arabian Peninsula in West Asia and the Middle East. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. Oman’s coastline ...
which launched on the 30 September 2013.
Alizz Islamic Bank (SAOC) was established in accordance to Royal Decree No. 69/2012 which amended the banking law to include Islamic banking at licensed banks through either specialized banks or independent entities at the existing commercial banks.
Alizz Islamic Bank provides retail and corporate finance through branches, online and mobile devices. The total paid up capital is 100 million Omani Rials of which 40% was raised by public investors during the initial public offering (IPO). 60% was contributed by the bank's Promoters.
The bank is a closed joint stock company. Yahya Said Al Jabri is chairman of the board of directors while Ali Al Mani is the CEO.
Awards
In 2014, alizz Islamic bank had won 'The Best Branch Automation Project in the Middle East' held by the Asian Banker Awards.
In 2015, alizz Islamic bank won the 'Best Retail Bank' award by Islamic Business and Finance Awards 2015.
References
External links
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2012 establishments in Oman
Islamic banks
Companies based in Muscat, Oman
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