Alizz Islamic Bank (SAOG) was established in accordance to Royal Decree No. 69/2012 which amended the banking law to include Islamic banking at licensed banks through either specialized banks or independent entities at the existing commercial banks.
Founded in November 2012, Alizz Islamic Bank provides retail and corporate finance through branches, online (alizzislamic.com), and mobile devices. Alizz Islamic Bank is here to deliver exceptional and sustainable results to our stakeholders by providing superior Shari'a compliant financial solutions.
The bank is headquartered in the Central Business District Area in Ruwi, Oman but they plan to decentralize every local Alizz Islamic Bank branch as a headquarter for satisfying all their customers' financial needs and helping them succeed financially.
The total paid up capital is 100 million Omani Rials of which 40% was raised by public investors during the Initial Public Offering (IPO). 60% was contributed by the bank's Promoters who come from diverse yet complementary backgrounds, and share extensive experience in leadership roles, all of which contribute to establishing a solid foundation from which Alizz Islamic Bank can flourish.