Bank Nizwa Crowned Oman’s Top Islamic Digital Bank and Best Mid-Sized Bank at Prestigious Summit

MUSCAT, OMAN – June 1, 2025 – Bank Nizwa, the Sultanate of Oman’s leading and most trusted Islamic bank, proudly announced today that it has secured two highly coveted accolades at the 10th Edition of the New Age Banking Summit. Demonstrating its relentless pursuit of excellence and innovation, Bank Nizwa was honored with both the ‘Best Islamic Digital Bank in Oman’ and ‘Best Bank – Mid-size Banks Category’ awards. This significant recognition further solidifies the bank’s pivotal role in shaping Oman’s evolving financial landscape.

The distinguished summit, themed ‘Banking Beyond Boundaries: Redefining Innovation and Sustainability,’ was held under the esteemed patronage of His Excellency Ahmed Al Musalmi, Governor of the Central Bank of Oman. The event drew an elite assembly of senior banking executives, industry experts, influential policymakers, and fintech specialists, providing a premier platform for high-caliber discussions and unparalleled networking opportunities. Mr. Mujahid Al Zadjali, General Manager of IT at Bank Nizwa, accepted the prestigious awards on behalf of the bank.

Driving the Dialogue on Digital Transformation and Sustainable Finance

Beyond the awards, Mr. Mujahid Al Zadjali actively contributed to the summit’s intellectual discourse by engaging in an insightful panel discussion titled ‘The Future of Banking: Navigating Disruption, Sustainability & Customer-Centric Innovation.’ This critical session explored strategic avenues crucial for the financial industry’s future, including:

• Fintech Integration: How integrating financial technology can enhance efficiency and revolutionize customer experience.
• Digital Transformation: The comprehensive shift towards agile, digital-first banking models.
• Open Banking Frameworks: The potential of open APIs to foster innovation and collaboration within the financial ecosystem, offering greater data control and personalized services to customers.
• Advanced Payment Solutions: Discussions centered on enabling real-time, cross-border, and multi-currency transactions, facilitating seamless global commerce.
• Deployment of Advanced Technologies: Highlighting the transformative impact of cutting-edge technologies such as blockchain for secure transactions and Artificial Intelligence (AI) for enhanced analytics and personalized customer interactions.

A Testament to Strategic Clarity and Unwavering Trust

Highlighting the profound significance of Bank Nizwa’s participation and achievements, Mr. Mujahid Al Zadjali remarked, “Consistent participation in esteemed thought leadership forums such as the New Age Banking Summit reflects Bank Nizwa’s enduring commitment to shaping the future of banking through purposeful dialogue and forward-looking insight. By contributing to high-level panel discussions, the bank continues to play a vital role in driving conversations that matter—those that define progress, resilience, and a future-ready financial ecosystem in Oman.”

He further emphasized the powerful validation these awards represent: “The prestigious awards, meanwhile, serve as a powerful affirmation of our strategic clarity and the trust and credibility we have built over the years.” This underscores Bank Nizwa’s dedication to its strategic roadmap, focusing on sustainable growth while fostering deep-rooted trust with its clientele.

Innovation as a Catalyst for Customer Experience and Operational Efficiency

As the largest conference of its kind for Oman’s banking and non-banking financial sector, the New Age Banking Summit brought together a diverse array of technology companies, underscoring its broad influence and scale. Within this dynamic setting, Bank Nizwa underscored its strategic commitment to harnessing innovation as a primary catalyst for elevating customer experience and enhancing operational efficiency.

Bank Nizwa firmly advocates for the seamless integration of technological advancements with sustainable and customer-centric banking practices, viewing digital transformation not merely as an option but as an integral component of its strategic growth trajectory. Furthermore, the bank stressed the vital importance of fostering collaborative ecosystems, actively championing closer partnerships among financial institutions, regulatory bodies, and technology providers to collectively drive progress and foster a robust, interconnected financial landscape. This collaborative spirit is essential for navigating the complexities of the modern financial world and delivering superior value to consumers.

Cementing Leadership in Oman’s Islamic Banking Sector

The dual recognition received at the New Age Banking Summit unequivocally cements Bank Nizwa’s status as a leading force within Oman’s burgeoning Islamic banking sector. These prestigious awards are a testament to the bank’s strategic prowess, remarkable agility in adapting to evolving market demands, and its profound dedication to driving meaningful innovation. By continually pushing boundaries and championing sustainable and Sharia-compliant practices, Bank Nizwa is playing a crucial role in shaping a resilient, progressive, and future-proof financial landscape in the Sultanate of Oman.

Bank Nizwa’s consistent recognition highlights its commitment to not just meeting, but exceeding, the expectations of its customers and the industry at large. What advancements do you think will define the next decade of Islamic digital banking?