INCEIF partners with Bank Nizwa in Oman

Muscat: INCEIF, The Global University of Islamic Finance is partnering with Bank Nizwa, Oman’s first dedicated Islamic bank, to provide structured training and development initiatives for Omani nationals working in the Islamic finance industry.
The collaboration is in line with Bank Nizwa’s efforts aimed at aligning itself with the ‘Employer of Choice’ adage by nurturing a work environment that attracts, optimises and retains top talent.

A Memorandum of Understanding was signed at the Oman Islamic Economic Forum (OIEF) in Muscat. INCEIF President & CEO Mr Daud Vicary Abdullah signed for INCEIF while Bank Nizwa was represented by CEO Dr.Jamil El Jaroudi. The OIEF, the brainchild of Amjaad Development and Bank Nizwa, was themed ‘The Islamic Economy: a Culture of Excellence’.


Dr Jamil (left) exchanging the MoU agreement with Mr Daud at the signing ceremony in Muscat.

Commenting on the collaboration, Dr. Jamil El Jaroudi, said, “Bank Nizwa is constantly building on its commitment to the Islamic finance sector and is dedicated to fostering a workforce that is incomparable in knowledge, talent and skills. INCEIF is world renowned for delivering training through both its academic programmes and industry services.

“Equipped with state-of-the-art banking systems, software and top-class talent we are setting a benchmark in the Islamic Banking industry in Oman. This collaboration comes at an opportune time as Bank Nizwa is championing the faith-based attitude of Islamic banking and is taking the banking Industry and the economy of the Sultanate to new heights,” he said.

Bank Nizwa has a dedicated and highly skilled staff and experienced industry experts at the managerial level who are driven towards creating a prosperous society and a stable economy. The MOU with INCEIF is a testament to the best practices followed at Bank Nizwa in the area of human resource, towards cultivating a high quality workforce added Dr Jamil.

Mr Daud Vicary said:  “INCEIF’s mission is to elevate and advance knowledge in Islamic finance. We do this by developing thought leadership and future leaders for the global industry. This process gains momentum when we get industry players, such as Bank Nizwa, involved. Our collaboration with Bank Nizwa aims to provide thought leadership training to the Omani Islamic finance industry that will benefit the regional and global industry.”

The collaboration with INCEIF establishes Bank Nizwa as an authority in Islamic banking dedicated not only to providing Shariah compliant financial products but also working towards the development of its employees who will benefit from trainings held at the INCEIF campus in Malaysia.

Alliances such as the one with INCEIF are imperative to the growth and development of the overall Islamic finance industry. Bank Nizwa through such relevant partnerships is promoting the development of high quality workforce in Islamic banking and is also contributing to improve the economic health of the Sultanate and the global Islamic finance communities.

Check out an article on Bank Nizwa & INCEIF Partnership in Oman here

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