alizz bank to help Omantel staff with financial solutions


(MENAFN- Muscat Daily) alizz islamic bank, one the first dedicated Islamic banks in Oman, recently signed a Memorandum of Understanding (MoU) with the Oman Telecommunications Company (Omantel). The acting CEO of alizz islamic bank, Jamal Darwiche, and VP, human resources at Omantel, Dr Ghalib bin Saif al Hosni, signed the MoU that will provide Omantel employees with innovative Sharia compliant financial solutions. 

Commenting on the agreement, Darwiche said, ''The MoU with Omantel is in line with our strategy to offer Sharia compliant financial solutions to our customers. Through this strategic partnership, employees will enjoy our customer journey and the convenience of technologically advanced banking through our transparent processes. Our business relationship with Omantel goes beyond offering products; as we seek to identify areas of growth by recommending practical and cost-effective investment opportunities.'' ''This MoU signed between Omantel and alizz islamic bank will help us deepen our understanding of Islamic banking concepts and practices.

It further reflects our commitment to offer Omantel employees the best available products and services the Islamic banking sector has to offer. We seek to identify initiatives that enhance the privileges of being an Omantel employee,'' said Dr Hosni.

Employees of Omantel will benefit from deposit products such as the current (Qard Hassan), savings (Mudaraba) accounts, as well as competitive financing products that range from auto finance (Murabaha), home finance (Ijara and Forward Ijara) and personal finance (Goods Murabaha and Services Ijara). alizz islamic bank is also the first full-fledged Sharia compliant bank in Oman to offer both the Titanium and Platinum credit cards.<


Muscat Daily

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