Alizz Islamic Bank

Alizz Islamic Bank (In Arabic: بنك العزّ الاسلامي) is a full-fledged Islamic bank operating in The Sultanate of Oman which launched on the 30 September 2013.[2] 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
Native name
بنك العزّ الاسلامي
TypePublic[1]
IndustryIslamic Banking
Founded2012
FounderHis Highness Sayyid Taimur bin Asaad Al Said
Headquarters
Muscat
,
Sultanate of Oman
ProductsRetail banking, corporate banking, finance, credit cards
Websitehttp://www.alizzislamic.com

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.[3]

The bank is a closed joint stock company. Saleh bin Nasser Al Araimi is chairman of the board of directors[2] while Sulaiman Al Harthi is the CEO.[4]

Awards

In 2014, alizz Islamic bank had won 'The Best Branch Automation Project in the Middle East' held by the Asian Banker Awards.[5]

In 2015, alizz Islamic bank won the 'Best Retail Bank' award by Islamic Business and Finance Awards 2015.[6]

References
  1. "Public Company". Gulf Base. Gulf Base. Retrieved 12 October 2015.
  2. "Muscat Securities Market". Archived from the original on 2019-08-08. Retrieved 2022-06-10.
  3. "alizz islamic bank operations to start on September 30". Times of Oman. 16 September 2013. Retrieved 14 October 2015.
  4. "Salaam Al Shaksy appointed CIO of OAB, Suleiman Al Harthy as CEO of Alizz Islamic Bank". The Arabian Stories News. 2020-08-13. Retrieved 21 June 2021.
  5. "List of Asian Banker Award Winners". Asian Banker Awards. Asian Banker Awards. Retrieved 15 October 2015.
  6. "Islamic Business and Finance Awards Winers 2015".


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