Bank Nizwa rolls out Shariah-compliant eco-friendly credit & debit cards

By Arya M Nair, Official Reporter
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Bank Nizwa launches Islamic green financing solutions

Bank Nizwa has become the first Islamic bank in Oman to introduce Shariah-Compliant eco-friendly credit and debit cards.

Designed to cater to different segments of customers’ needs by offering consumer-driven solutions that deliver value, the newly-launched cards bring the best of sustainable practices, exclusive rewards and unparalleled convenience in one card.

Bank Nizwa strongly endorses the Oman Vision 2040, which advocates protecting the environment and conserving Oman’s biodiversity. The brand-new card collection is made from Polylactic Acid (PLA), typically derived from fermented plant starch, like corn. PLA bioplastics are eco-friendly benefits since they are biodegradable compared to traditional plastic manufacturing. Switching to eco-friendly cards demonstrates the bank’s commitment to sustainability.

Khaled Al Kayed_Bank Nizwa launches shariah compliant credit cards
Khaled al Kayed
CEO – Bank Nizwa

“As the leader in the Islamic financial services industry, Bank Nizwa recognized the importance of sustainability and formed a strategy that deeply focuses on the same. The approach was created to promote sustainable development in the Islamic banking domain by considering environmental, social and economic objectives. The next phase of our journey will heavily involve sustainable practices and we are dedicated to introducing products and services that have a long-term, positive impact on society.”

Bank Nizwa’s newly released products reflect as well its dedication to digitalization. With technology, the cards unlock infinite privileges that match the lifestyles of the bank’s premium customers, creating a seamless experience that is secure and hassle-free for cardholders.

Purpose-driven in its approach, Bank Nizwa has been at the forefront of conceptualizing, implementing and promoting sustainable practices in society. The bank is also in close alignment with the UN Sustainable Development Goals (SDGs) and has been playing a key role in helping the Sultanate achieve its vision of being listed among the top 20 countries in the worldwide Environmental Performance Index.

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