(MENAFN - Muscat Daily) Muscat- Reinforcing its position as one of Oman's most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank was recently listed among the fastest growing banks in the Middle East by Banker Middle East magazine.
Commenting on bank's inclusion in this prestigious list of banks, Salaam al Shaksy, chief executive officer of Alizz Islamic bank, said: 'We are proud to be recognised for our growth in just under four years from commencement of operations. Alizz Islamic Bank continues to make strides in our mission to become the premier Islamic financial services provider in the country by providing innovative solutions and top notch services to our clients. The banking industry is a heavily competitive market and for such a young bank to receive such a recognition is a testament to our strategy as an organisation.'
'Alizz Islamic bank is committed to providing the best products and services to customers, offering over 35 Sharia'a compliant solutions that meet the needs of both individual and corporate customers alike. Our business model is customer centric and designed to meet the needs of the various segments of society,' he added.
Alizz Islamic Bank recently announced its strong second quarter results for 2017 with financing receivables reaching RO386.95mn, registering a growth of 56.21 per cent compared to the same period of last year. Deposits grew by RO213.02mn from the same period last year, representing a growth of 100.31 per cent to reach RO425.38mn. Net operating income grew by 19.39 per cent compared with the same period last year to reach RO5.26mn.