Latest news with #FaisalAlWahaibi
Mid East Info
05-08-2025
- Business
- Mid East Info
NBO Introduces Shell Fuel Vouchers for Infinite Credit Card Customers - Middle East Business News and Information - mid-east.info
04 August 2025, Muscat: The National Bank of Oman (NBO) has launched an exclusive reward for Infinite Credit Card holders, further enhancing the appeal of its premium offering. Under this feature, cardholders who spend OMR 1,500 or more in a calendar month on point-of-sale and e-commerce transactions will receive a Shell V-Power e-voucher worth OMR 10. Customers can redeem the voucher through the Shell Asia App and enjoy complimentary V-Power fuel at Shell stations across Oman. Valid for three months from the date of issuance, the vouchers are designed to offer flexibility and convenience. Faisal Al Wahaibi, General Manager & Chief Retail & Digital Banking Officer, said, 'At NBO, our approach to innovation is driven by a deep understanding of our customers' evolving lifestyles. With the Infinite Credit Card, we aim to offer more than financial utility; we create everyday moments of convenience, recognition and ease. This collaboration with Shell is part of our broader strategy to transform banking into a more personalised, experience-led journey. By aligning with trusted partners, we continue to deliver meaningful enhancements that resonate with the needs of our most valued clients.' Suresh Nair, General Manager, Mobility & Convenience at Shell Oman added, 'Shell Oman is committed to building and growing meaningful partnerships that ensure the best for our customers. This initiative with NBO enables us to directly engage with cardholders through a platform they already trust and continue rewarding them in ways that are relevant and impactful with the best fuel we have to offer. We believe innovation is not only about technology but about creating shared value that add value to people's lives. This collaboration reflects that mindset.' This partnership with Shell Oman strengthens NBO's portfolio of lifestyle-led features tailored to premium cardholders. As part of its ongoing digital strategy, the bank continues to enhance everyday banking by embedding practical, high-impact experiences through well-matched partnerships.
Mid East Info
24-04-2025
- Business
- Mid East Info
NBO Muzn Islamic Banking orouh Initiative with Three Strategic MOUs
24rd April 2025, Muscat – NBO Muzn Islamic Banking has announced signing Memorandums of Understanding (MOUs) with three leading real estate developers to facilitate Shari'a-compliant housing finance solutions for Omanis under Oman's national housing scheme. The agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Faisal Al Wahaibi, General Manager & Chief Retail and Digital Banking Officer at NBO, Mundhir Abdullah Al Hammadi, Chief Executive Officer of Al Daham Real Estate, Ahmed Hamed Al Sabhi, Chairman of Al Masa Real Estate, and Dr. Thomas Alexander- Chief Executive Officer of Adrak Developers, at NBO Head Office in Azaiba. The signings reflect Muzn Islamic Banking's commitment to enable affordable home ownership through strategic partnerships and Shari'a compliant financial solutions. The MOUs were signed with Al Masa Real Estate for the development of the Hayy Al Azm Project, with Al Daham Real Estate for the Hay Al Sumu Project, and with Adrak Developers LLC for two projects the Yenaier and Hai Al Naseem. These projects are part of integrated mixed-use developments under the Ministry of Housing and Urban Planning's Sorouh initiative. The initiative aims to support national housing policies by reducing land demand and offering eligible citizens high-quality, affordable residential alternatives. Salima Al Marzooqi, Assistant General Manager & Chief Islamic Banking Officer at NBO Muzn Islamic Banking commented, 'Our support for the Sorouh initiative reflects Muzn Islamic Banking's continued commitment to advancing national development goals. These partnerships aim to empowering citizens with housing solutions while adhering to our core values of trust, transparency and Shari'a compliance.' Through these partnerships, Muzn Islamic Banking will provide eligible Omani citizens with streamlined access to housing finance that is fully compliant with Shari'a principles. The agreements ensure the rights of all stakeholders, including the bank, developer and customer, are protected and offer a transparent structure to support end-to-end financing.
Zawya
24-04-2025
- Business
- Zawya
NBO Muzn Islamic Banking Sorouh initiative with three strategic MoUs
Muscat – NBO Muzn Islamic Banking has announced signing Memorandums of Understanding (MOUs) with three leading real estate developers to facilitate Shari'a-compliant housing finance solutions for Omanis under Oman's national housing scheme. The agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Faisal Al Wahaibi, General Manager & Chief Retail and Digital Banking Officer at NBO, Mundhir Abdullah Al Hammadi, Chief Executive Officer of Al Daham Real Estate, Ahmed Hamed Al Sabhi, Chairman of Al Masa Real Estate, and Dr. Thomas Alexander- Chief Executive Officer of Adrak Developers, at NBO Head Office in Azaiba. The signings reflect Muzn Islamic Banking's commitment to enable affordable home ownership through strategic partnerships and Shari'a compliant financial solutions. The MOUs were signed with Al Masa Real Estate for the development of the Hayy Al Azm Project, with Al Daham Real Estate for the Hay Al Sumu Project, and with Adrak Developers LLC for two projects the Yenaier and Hai Al Naseem. These projects are part of integrated mixed-use developments under the Ministry of Housing and Urban Planning's Sorouh initiative. The initiative aims to support national housing policies by reducing land demand and offering eligible citizens high-quality, affordable residential alternatives. Salima Al Marzooqi, Assistant General Manager & Chief Islamic Banking Officer at NBO Muzn Islamic Banking commented, 'Our support for the Sorouh initiative reflects Muzn Islamic Banking's continued commitment to advancing national development goals. These partnerships aim to empowering citizens with housing solutions while adhering to our core values of trust, transparency and Shari'a compliance.' Through these partnerships, Muzn Islamic Banking will provide eligible Omani citizens with streamlined access to housing finance that is fully compliant with Shari'a principles. The agreements ensure the rights of all stakeholders, including the bank, developer and customer, are protected and offer a transparent structure to support end-to-end financing. For more information on Muzn's Islamic housing finance solutions, visit or call 24770001.
