Ministry of Heritage & Culture partners with Bank Nizwa to unveil commemorative monument celebrating Nizwa Islamic Culture Capital

Press release
Published November 30th, 2016 - 07:10 GMT

During the event
During the event

Under the patronage of H.E. Sheikh Mohammed bin Abdallah Al Hinai, State Counsellor, the Ministry of Heritage of Culture partnered with Bank Nizwa to inaugurate a unique monument in the Wilayat of Nizwa in celebration of Nizwa Islamic Culture Capital. Built at the heart of the historic Nizwa souq, the dome-shaped memorial pays tribute to Oman’s ancient Islamic architecture and cultural heritage and coincides with the 46th National Day celebrations across the Sultanate.

Dr Ashraf Al Nabhani, General Manager of Corporate Support at Bank Nizwa, said, “We are proud to present this monument to not only the people of Nizwa, but also, to the people of Oman to commemorate Nizwa as one of the most special Islamic culture capitals of all time. We are also celebrating nearly half a century of progress, peace, and prosperity of the Sultanate and this token is part of our efforts to show gratitude to His Majesty Sultan Qaboos bin Said for inspiring us with His visionary leadership. As the Islamic bank carrying the name of this remarkable Wilayat, we are honored to contribute to its rich history and will continue to represent the traditions of Nizwa through our innovative Islamic financial solutions.” 

Bank Nizwa’s support underlines its efforts to engage local communities and pay homage to the Sultanate’s immense cultural heritage. From the outset, the bank has worked tirelessly to support the Omani renaissance by offering a highly effective alternative to conventional banking. Its wide variety of Shari’a-compliant products and services has helped establish the Islamic finance sector as one of the fastest growing in Oman. 

Background Information

Bank Nizwa

The formation of Bank Nizwa came about with the Central Bank of Oman granting its initial approval to the licensing of the Bank to Sheikh Saud bin Ali Al Khalili. Sheikh Saud and a further 92 other Omani individuals, companies and pension funds constitute the founder shareholders of the Bank.

Bank Nizwa is Oman’s first dedicated Islamic bank, with fully Shari’a compliant products and services.

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