The two Islamic banks in Oman — Bank Nizwa and Alizz Islamic Bank — have completed their integration into the Omani banking system. This integration will allow for these banks to operate properly by providing them with a comprehensive organisational framework. Moreover, the new banks will make an important contribution to the local population and the Omani economy, provided they develop and offer attractive and innovative Islamic products and services, along with effective delivery systems.
Last week, I met a certain colleague after a very long time. After we chatted about his future plans, he said: “I’m having serious misgivings about my investments in Bank Nizwa and Alizz Islamic Bank. I made thousands of Omani Rials in investments in either bank on my personal behalf, as well as on my family’s behalf. However, to date I do see any progress by either bank in launching their operations, although one of them did state before the Initial Public Offering (IPO) that it would commence full operations last September.
No comments:
Post a Comment