NBO’s islamic banking window, muzn signs term wakala agreement with oman air

Press release
Published May 18th, 2023 - 12:30 GMT

NBO’s islamic banking window, muzn signs term wakala agreement with oman air
During the event

NBO’s Islamic banking window, Muzn, has signed a Term Wakala agreement with national carrier, Oman Air, providing long-term financing to secure assets with Shari’a compliant financial solutions. 
Salima Al Marzouqi, Chief Islamic Banking Officer, said, “We are proud to support the development of Oman’s national carrier, Oman Air, and provide the flexible financial options required in this rapidly changing market. This year Muzn marked its 10-year anniversary and we will continue unleashing new potential in Oman’s corporate sector by proactively making connections.  We have made banking simple and easy, and built around the needs of our customers so that they can achieve their goals while ensuring the financial solutions adhere to our ethical practices.”
As the first Islamic banking window in Oman, Muzn has been at the forefront of innovative solutions in Oman’s Islamic Finance sector for more than a decade. By remaining true to our roots, Muzn has delivered the best banking experience without compromise by introducing a growing range of Islamic banking services based around the needs of customers and providing intuitive banking with convenient, headache-free Shari’a-compliant banking products that are accessible to all.
To find out how Muzn can support businesses with its range of Shari’a compliant corporate financial solutions and for full terms and conditions, call 24770001 or visit www.muzn.om.

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.​

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