Latest news with #NationalBankofOman
Zawya
16 hours ago
- Business
- Zawya
NBO's Muzn Islamic Banking collaborates with OHB on home financing offer with added credit card benefit
Muscat: The National Bank of Oman's (NBO) Muzn Islamic Banking has partnered with Oman Housing Bank (OHB) to offer customers a home financing opportunity to support their homeownership aspirations. As part of the collaboration, customers who apply for Iskan Home Financing through OHB and select Muzn Islamic Banking will receive a complimentary Muzn Credit Card upon request with the first-year annual fee waived. Available until 30 June 2025, this limited-time offer supports homeowners by providing accessible, value-driven financing solutions. The offer combines subsidised financing under OHB's Iskan initiative and Muzn Islamic Banking Shari'a-compliant Credit Card, blending affordability with convenience and ethical banking benefits. This also enables new homeowners to conveniently finance essential home-related purchases such as appliances, furniture and other setup costs, supporting a smoother transition into their new homes. Commenting on the partnership, Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at Muzn, said: 'We are pleased to collaborate with OHB to support families on their homeownership journey. This initiative enables customers to benefit from OHB's subsidised Iskan Financing Programme while experiencing the Shari'a-compliant value-added services and high standards of Muzn Islamic Banking's financial offerings.' To ensure a seamless and rewarding banking experience, customers can select Muzn Islamic Banking on the Iskan digital platform when applying for home financing. Once approved, eligible applicants may request a Muzn Credit Card, which will be issued with the first-year annual fee waived. This initiative reflects Muzn Islamic Banking's ongoing efforts to deliver responsible financial solutions that are tailored to the needs of today's customers. By working with Oman Housing Bank, Muzn Islamic Banking continues to support government efforts in housing development while strengthening its commitment to Shari'a-compliant, customer-first banking. For more information about this offer or Muzn Islamic Banking's range of Shari'a-compliant products and services, please visit or contact the Muzn Islamic Banking's Call Centre at 24770001.
Mid East Info
13-05-2025
- Business
- Mid East Info
NBO Introduces Direct Debit E-Mandate, Transforming Recurring Payments in Oman - Middle East Business News and Information
13 May 2025, Muscat – The National Bank of Oman (NBO) has launched its Direct Debit E-Mandate, a reliable digital solution that simplifies recurring transactions for businesses and individuals. Developed as part of the Central Bank of Oman's (CBO) digital payment efforts, this innovative service provides customers with greater flexibility, effortless management and control over their payments through a user-friendly digital platform. The Direct Debit E-Mandate enables customers to schedule regular payments, eliminating the need for manual processing or cheque-based transactions. Available through NBO's Corporate Internet Banking (for Businesses) and the NBO App (for Individuals), this service allows seamless and scheduled payments, improving efficiency and reliability. Mohammed Yahya Al Jabri, Assistant General Manager – Head of Global Transaction Banking at NBO, commented, 'The launch of the Direct Debit E-Mandate represents a major advancement in Oman's financial ecosystem. By offering businesses and individuals a reliable digital solution to manage payments, we are driving efficiency, reducing administrative burdens and improving user convenience.' The Direct Debit E-Mandate offers secure digital approval, allowing customers to create, approve, modify or cancel mandates through NBO's digital banking platforms. Payments are processed automatically, allowing seamless and scheduled payments without the need for manual follow-ups. From his end, Dr. Ali Al Shekaili, Assistant General Manager – Head of Digital & E-Channels at NBO, added, 'This initiative aligns with our commitment to digital innovation. Customers can now create and manage their payment mandates securely and effortlessly through our digital banking platforms, reinforcing NBO's position as a leader in financial technology.' Moreover, users are promptly notified of mandate creation, modifications and payments, ensuring transparency and control over their financial activities. The service supports various payment frequencies, including daily, weekly, monthly and yearly transactions, making it suitable for loan repayments, subscription services, utility bills and business transactions. Customers also have the flexibility to modify or revoke their mandates digitally at any time, ensuring full control over their financial commitments. As Oman continues its journey toward a fully digital financial ecosystem, NBO remains committed to introducing cutting-edge solutions that enhance banking experiences for corporate and retail customers.
Zawya
13-05-2025
- Business
- Zawya
NBO introduces Direct Debit E-Mandate, transforming recurring payments in Oman
Muscat: The National Bank of Oman (NBO) has launched its Direct Debit E-Mandate, a reliable digital solution that simplifies recurring transactions for businesses and individuals. Developed as part of the Central Bank of Oman's (CBO) digital payment efforts, this innovative service provides customers with greater flexibility, effortless management and control over their payments through a user-friendly digital platform. The Direct Debit E-Mandate enables customers to schedule regular payments, eliminating the need for manual processing or cheque-based transactions. Available through NBO's Corporate Internet Banking (for Businesses) and the NBO App (for Individuals), this service allows seamless and scheduled payments, improving efficiency and reliability. Mohammed Yahya Al Jabri, Assistant General Manager - Head of Global Transaction Banking at NBO, commented, 'The launch of the Direct Debit E-Mandate represents a major advancement in Oman's financial ecosystem. By offering businesses and individuals a reliable digital solution to manage payments, we are driving efficiency, reducing administrative burdens and improving user convenience.' The Direct Debit E-Mandate offers secure digital approval, allowing customers to create, approve, modify or cancel mandates through NBO's digital banking platforms. Payments are processed automatically, allowing seamless and scheduled payments without the need for manual follow-ups. From his end, Dr. Ali Al Shekaili, Assistant General Manager - Head of Digital & E-Channels at NBO, added, 'This initiative aligns with our commitment to digital innovation. Customers can now create and manage their payment mandates securely and effortlessly through our digital banking platforms, reinforcing NBO's position as a leader in financial technology.' Moreover, users are promptly notified of mandate creation, modifications and payments, ensuring transparency and control over their financial activities. The service supports various payment frequencies, including daily, weekly, monthly and yearly transactions, making it suitable for loan repayments, subscription services, utility bills and business transactions. Customers also have the flexibility to modify or revoke their mandates digitally at any time, ensuring full control over their financial commitments. As Oman continues its journey toward a fully digital financial ecosystem, NBO remains committed to introducing cutting-edge solutions that enhance banking experiences for corporate and retail customers. For more details, visit or contact 24770000.
Mid East Info
06-05-2025
- Business
- Mid East Info
NBO Celebrates Digital Innovation and Collaboration at the Digital Partnership Awards - Middle East Business News and Information
6 May 2025, Muscat – The National Bank of Oman (NBO) hosted its inaugural Digital Partnership Awards Ceremony at its Head Office in Muscat, an exclusive event celebrating innovation, collaboration, and the outstanding contributions of public and private sector partners. The ceremony recognised strategic partnerships that are driving Oman's digital transformation and accelerating NBO's vision of delivering seamless, customer-centric digital banking experiences. By leveraging these alliances, NBO continues to enhance its platforms, simplify customer journeys, and adopt innovative technologies that promote financial inclusion, aligned with the ambitions of Oman Vision 2040. Key themes of the event included the importance of cross-sector collaboration, the power of digital innovation in improving customer experiences, and the collective role in shaping a future-ready digital ecosystem. Award categories included Best Digital Payment Acquirer Excellence and Best Digital Payment Processor, among others, honoring impactful efforts that have elevated Oman's digital infrastructure. This initiative reaffirms NBO's commitment to partnering with government and industry leaders to build a smart, connected, and digitally empowered national economy.
Zawya
04-05-2025
- Business
- Zawya
NBO recognised by Euromoney for private banking & wealth management excellence
Muscat – The National Bank of Oman (NBO) has been honoured with two prestigious accolades at the Euromoney Private Banking Awards 2025, securing the titles of Oman's Best Private Bank and Best for High-Net-Worth (HNW) Customers. These awards underscore NBO's commitment to delivering tailored financial solutions and comprehensive wealth management strategies, while providing personalised experiences for its clientele. Commenting on the recognition, Ali Mustafa Al Lawati, Assistant General Manager – Head of Private Banking and Segments at NBO said, 'This recognition is a testament to our long-standing commitment to building a wealth management offering that reflects the needs, values and ambitions of our clients. We view private banking not as a product, but as a relationship; one built on trust, expertise and an evolving understanding of what matters most to our customers. These awards affirm that our approach continues to resonate and we remain focused on delivering with purpose and precision.' NBO's Private Banking offers a comprehensive suite of services tailored for High Net Worth and Ultra-High Net Worth individuals. These include global investment funds, structured products, securities brokerage, systematic investment plans, global investment advisory, trade execution, wealth planning, trust services and diverse financing options. The bank's team of consultants leverages the latest technology and industry insights to assist customers towards long-term financial well-being. Complementing this, NBO Sadara Priority Banking provides customers with exclusive benefits such as dedicated personal relationship managers, tailor-made investment opportunities, preferential rates on bank charges, competitive interest rates on savings and more. These titles reinforce NBO's role in shaping Oman's private banking sector, highlighting its agility, reliability and deep understanding of customers' aspirations. NBO continues to focus on strategic investment advisory, digital-first services and client-centric planning to strengthen long-term relationships and build trust with customers who value stability and excellence. For more information on NBO's Private Banking and Sadara Priority Banking services, please visit or contact the NBO Call Centre at 24770000.
