#Bank #Nizwa #launches Sharia-compliant #wealth #management service

Oman‘s Bank Nizwa just launched its new wealth management services in order to provide high net worth clients with the most effective Islamic financial solutions to grow funds. The banks customers will have access to a full range of tailored products and services to cater to their exclusive needs, amongst them direct access to a relationship manager, Mudaraba Investment Options, and other value-added benefits.

Khalid Al Kayed, chief executive officer of Bank Nizwa, said that the bank would start targeting the retail customers for its newly introduced wealth management. Once the bank achieves stability, it will be extended to corporate customers. Arif Al Zaabi, Acting Head of Retail, said: “The Sultanate’s wealth management sector is entering a period of rapid development, as people increasingly seek better investment solutions and more personalised banking services. To meet that demand, we have created an entire range of diversified wealth management solutions that are true to the values of Islamic finance and investment philosophy.” He added, “Through Bank Nizwa’s wealth management, customers can enjoy best-in-class services, with a MasterCard Platinum credit and debit card ready to open a world of opportunity and benefits. They will also enjoy special privileges on leading brands, discounted rates and dedicated relationship managers who will serve as wealth advisors, in addition to delivering the highest levels of personal service.”