Bank Nizwa launches Sharia-compliant fintech platform

Bank Nizwa has launched a Sharia-compliant Open Banking solution aimed at fostering innovation and accelerating digital transformation in Oman’s financial services sector. The move supports the Central Bank of Oman’s broader strategy to build a secure, agile, and inclusive digital financial ecosystem.

The new platform enables authorized third-party fintech partners to access banking services and customer-approved data through a secure API framework, allowing them to develop and deliver Islamic finance products more efficiently. The architecture is built to ensure regulatory alignment, data protection, and transparency, while upholding the core principles of Sharia compliance.

“At Bank Nizwa, we see Open Banking as a powerful enabler, one that allows us to push the boundaries of what Islamic banking can offer in today’s fast-moving digital landscape,” said Khaled Al Kayed, CEO of Bank Nizwa. “This initiative reflects our commitment to shaping a future where Sharia-compliant finance converges with cutting-edge digital capabilities, offering our partners and customers unprecedented access to smarter, more personalized financial solutions.”