Latest news with #AlizzIslamicBank
Argaam
29-06-2025
- Business
- Argaam
MSX in talks with FTSE, MSCI to join global, emerging market indices: CEO
Muscat Stock Exchange (MSX) is working closely with FTSE and MSCI to upgrade the market for inclusion in global and emerging markets indices, CEO Haitham Al Salmi told Argaam. In an interview on the sidelines of the HSBC GCC Exchanges Conference 2025 in London, Al Salmi noted that the merger of Sohar International Bank and Alizz Islamic Bank will create a third large-cap company that meets index inclusion criteria, boosting the market's chances of being added to the watchlist. He emphasized that the focus remains on enhancing free float and liquidity, pointing out that the market already meets the technical requirements for an upgrade. MSX is also strengthening its fundamentals to attract more investment, including the planned launch of ETFs in collaboration with brokers, with a particular focus on the top five listed companies. Al Salmi highlighted the launch of the "Promising Companies Market" as an alternative investment platform, similar to growth markets in the region. The new market aims to list small, medium-sized, and family-owned businesses and is distinguished by the absence of market capitalization limits. It also offers various incentives, such as tax exemptions, priority in government tenders and privileges, and expedited access to government services and facilities. He added that the introduction of liquidity provision services and the activation of market makers have helped double trading volumes and significantly enhance liquidity. A third fund is currently being prepared for launch, and companies are increasingly acknowledging the importance of liquidity by appointing providers and expanding their mandates. The CEO also noted that integration with the Abu Dhabi and Bahrain markets has attracted additional brokers, with four firms now licensed as cross-border market makers and liquidity providers. The conference serves as an important platform to connect with investors, particularly since London is a key center for asset and portfolio managers investing in the Middle East and the Gulf. He stated that the event offers a valuable opportunity to highlight Oman's investment story, the progress made, and the attractive opportunities available in the market. This year, eight Omani companies participated in the conference, reflecting strong investor interest in the Omani market. Most of the participating companies are recently listed with strong capital bases and high liquidity, making them attractive to investors. The Omani delegation also included a government official to discuss economic diversification, Oman Vision 2040, and its impact on market development. Al Salmi added that Oman has opened its market to international investors since the enactment of the Foreign Investment Law in 2019, which removed limits on foreign ownership. The market is now fully open to investors of all nationalities, both individuals and institutions. He also pointed out that the government abolished withholding tax three years ago, meaning there are no taxes on profits or capital gains, and all returns go directly to investors. In conclusion, Al Salmi reaffirmed MSX's commitment to securing an index upgrade by further improving market liquidity. This is evidenced by the recent launch of international market-making services, with the first global market maker beginning operations in Oman last week through an exchange hub—highlighting growing international interest in the Omani capital market.
Times of Oman
13-05-2025
- Business
- Times of Oman
Alizz Islamic Bank partners with Al Tawasul Institute
Alizz Islamic Bank recently partnerned with Al Tawasul Institute for a specialised training program to empower jobseekers with hearing impairments. The programme is tailored to focuson developing their social and professional skills, providing them with the right tools that will help them communicate at the workforce. This programme aims to provide the candidates with skills, resources and confidence needed to succeed in today's dynamic job market. This partnership comes as part of the bank's 'Alizz Cares' strategic pillars and underscores its commitment to fostering inclusivity, empowering communities and enhancing the quality of life. Guided by the overarching framework of 'We Care,' the Bank is on a mission to enhance the quality of life for future generations. The agreement was signed during the Celebration of the 50th Arab Week for the deaf by Mr. Asaad Al Kharusi, Chief Operating Officer of Alizz Islamic Bank on behalf of the bank and by Mr. Said Al Badai, GM of Al Tawasul Training Instiutute on behalf of the Institure in the honroable presence of H.E Dr. Laila bint Ahmed Al Najar, Minister of Social Development
Times of Oman
09-03-2025
- Business
- Times of Oman
Alizz Islamic Bank announces the ‘Alizz GT' gaming tournament champions
With an ultimate experience that brought players and fans together at Mall of Oman for a weekend; Alizz Islamic Bank recently launched the 'Alizz GT' Gaming tournament that was organised in collaboration with the Omani Gaming Committee for Games and Electronic Sports from the Ministry of Culture, Sports & Youth from March 6th to March 8th 2025. Alizz Islamic Bank is proud to announce the winners of its 'Alizz GT' gaming tournament. After a series of intense rounds where 64 participants competed on the EA Sports FC 25 game, culminating in the finals on March 8th 2025, where the 1st place winner Mr. Hudhaifa Al Amri was awarded the grand prize of OMR 2,000, while Mr. Fahar Al Kindi was awarded a cash prize of OMR 1,000 as the second place winner and the 3rd place winner Mr. Fahad Al Hasni received OMR 500. The 4th, 5th and 6th placed winners were each awarded with a PS5. Each winner demonstrated their skills creatively and dedication throughout the competition. Their achievements showcased their personal talent within the gaming field. Speaking about the tournament Ms. Lina Al Abdulsalaam, Head of Marketing & Communications of Alizz Islamic Bank, said: 'As part of our 'Sports for All' campaign and through the first 'Alizz GT' Gaming tournament we were proud to have created a unique experience for the Omani gaming community. At Alizz Islamic Bank we want to have interactive involvement with the youth of Oman and the genuine excitement that we witnessed from the esports community was refreshing to see. Throughout the tournament, fans and gamers got to interact, speak and engage as a community. Youth is one of the most important customer segments at Alizz Islamic Bank, which is why we have tailored the Alizz Youth Value proposition to meet their needs and lifestyle, ultimately enhancing young adults' financial literacy in preparation for a future of success and fulfillment' It is worth mentioning that the 'Alizz Youth' value proposition is designed specifically for the youth. This comprehensive program offers a wide range of attractive benefits and services designed to meet the unique needs of today's youth, while also encouraging them to adapt to the culture of saving to help them secure their future.
Muscat Daily
19-02-2025
- Business
- Muscat Daily
Alizz Islamic Bank partners with Visa
Alizz Islamic Bank has partnered with Visa, a world leader in digital payments, to offer an enhanced shari'a compliant card value proposition to the bank's customers. The new premium offering from Alizz Islamic Bank and Visa comes as part of the bank's recent transformational journey that focuses on 'Personalising every experience through innovative and smart solutions'. The agreement was signed on behalf of Alizz Islamic Bank, by Mr. Ali Al Mani, CEO of Alizz Islamic Bank and by Mr. Ali Bailoun, Visa Regional General Manager – KSA, Oman and Bahrain on behalf of VISA. As part of this partnership Alizz Islamic Bank will be introducing instant issuance new Visa debit cards, new Visa credit cards and Visa prepaid cards. The new set of cards offer unmatched features and privileges that will provide cardholders with exclusive benefits. Customer can choose between physical & digital cards and the cards will all be tokenization enabled for Apple Pay, Samsung Pay, Google Pay and other OEM Pay Options. The cards will offer seamless global acceptance worldwide and Alizz Islamic bank cardholders will have access to more than 1,000 airport lounges around the world, along with premium benefits and luxury retail shopping advantages offered by Visa. Additionally, for the first time ever for an Islamic bank in Oman; Alizz Islamic Bank will be introducing a multi-currency Visa prepaid card that is available in multiple currencies including all GCC currencies, USD, GBP, EUROS, Yen and much more.
Zawya
19-02-2025
- Business
- Zawya
Oman: Alizz Islamic Bank partners with Visa
Alizz Islamic Bank has partnered with Visa, a world leader in digital payments, to offer an enhanced shari'a compliant card value proposition to the bank's customers. The new premium offering from Alizz Islamic Bank and Visa comes as part of the bank's recent transformational journey that focuses on 'Personalising every experience through innovative and smart solutions'. The agreement was signed on behalf of Alizz Islamic Bank, by Mr. Ali Al Mani, CEO of Alizz Islamic Bank and by Mr. Ali Bailoun, Visa Regional General Manager – KSA, Oman and Bahrain on behalf of VISA. As part of this partnership Alizz Islamic Bank will be introducing instant issuance new Visa debit cards, new Visa credit cards and Visa prepaid cards. The new set of cards offer unmatched features and privileges that will provide cardholders with exclusive benefits. Customer can choose between physical & digital cards and the cards will all be tokenization enabled for Apple Pay, Samsung Pay, Google Pay and other OEM Pay Options. The cards will offer seamless global acceptance worldwide and Alizz Islamic bank cardholders will have access to more than 1,000 airport lounges around the world, along with premium benefits and luxury retail shopping advantages offered by Visa. Additionally, for the first time ever for an Islamic bank in Oman; Alizz Islamic Bank will be introducing a multi-currency Visa prepaid card that is available in multiple currencies including all GCC currencies, USD, GBP, EUROS, Yen and much more. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
