Oman-based Islamic bank, Bank Nizwa, is launching its first wealth management office in its home city of Nizwa.
According to the bank, the move has been inspired by the growing demand for sharia-compliant financial products among high net-worth individuals and corporates.
The centre will offer clients access to a range of Islamic investment services including Mudaraba Investment Options.
The bank’s chief executive, Khalid Al Kayed, described the opening of the centre as a milestone for the bank and a reflection of its ambition to expand in “all governorates across the Sultanate”.
“We would like to continue playing a greater role as partners in growing the business portfolio of our wealth management customers,” said Al Kayed. “The main proposition from this launch is the personal experience and the links established between our advisors and the growing wealth management customer base.”
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