Thursday, 25 Feb 2021
Reinforcing its position as Oman's most dynamic and innovative Islamic banking institution, Alizz Islamic Bank recently signed a memorandum of understanding (MoU) with the General Federation of Oman Trade Unions (GFOTU) to provide bank benefits and facilities to the Union and its affiliates.

Alizz Islamic Bank, General Federation of Oman Trade Unions sign MoU

Saleh Mubarak al Khaduri, head of Government Banking and Institutional Sales, Alizz Islamic Bank, signed the agreement on behalf of the bank and Nabhan al Battashi, chairman of GFOTU signed on behalf of the federation.

The signing of this agreement comes inside the framework of Alizz Islamic Bank’s method, represented by its Government Relations Department, to expand the variety of banking solutions supplied to different governmental and semi-governmental institutions in the sultanate. The Government Relations Department has effectively brought in a number of deposits to the bank.

Saleh Mubarak al Khaduri stated, “We are pleased to have signed this MoU with GFOTU. The agreement reflects the eagerness of the two parties to strengthen mutual relations. Both the bank and GFOTU’s members will benefit from the signing. God willing, this will be the start of a strong and healthy business relationship”

Khaduri added, “At a later stage, we program to negotiate the provision of advantages to workers in the private sector and the members of all trade unions.

This will be completed right after in depth evaluation and consultation, as nicely as discussing the indicates of financing investment projects in accordance with the laws and regulations.”

Alizz Islamic Bank aims to be 1 of the region’s top banks by focusing on offering globe class Sharia’a-compliant items and solutions to businesses, government institutions and people.

Alizz Islamic bank is 1 of the very first specialised Islamic banks in the sultanate. With an aim to supply clients an enriching banking encounter created for today’s contemporary globe, the bank has focused its investments on human capital and cross-cutting technologies to make sure the delivery of exceptional and responsive client service.

The transparent Sharia’a-compliant processes and revolutionary items and options cater to the diverse requirements of each corporate and retail

Information Source: Muscat Daily

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