Oman's Bank Nizwa, IFSB join hands to support Islamic finance growth
Published 15 Nov,2021 via Muscat Daily – In line with its mission to spread awareness and boost interest in the community about Islamic banking practices, Bank Nizwa recently signed a memorandum of understanding (MoU) with the Islamic Financial Service Board (IFSB) at the 15th IFSB Summit held in Jeddah, Saudi Arabia.
The agreement was signed between Sheikh Saif Hilal Nasser al Mawali, board member of Bank Nizwa and Dr Bello Lawal Danbatta, secretary general of IFSB.
On signing the MoU, Mawali said, “We are indeed delighted to be an IFSB member bank and we look forward to working closely with IFSB to attain new milestones through thoughtful, well-strategised and prudent collaborations that serve our mutual benefits and objectives. The growing popularity of Islamic finance in the region has led to an increase in demand for innovative Sharia’a-compliant products and services that meet the varying needs of the industry.”
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