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Press Release > 2021

The IFSB and Bank Nizwa signed an MoU for Collaboration on Training and Awareness-raising Activities

Date posted: 10 November 2021

10 November 2021, Jeddah – The Islamic Financial Services Board (IFSB) and Bank Nizwa, Sultanate of Oman, signed a Memorandum of Understanding (MoU) to facilitate cooperation between the two organisations to undertake relevant activities relating to technical training and awareness promotion in the Islamic financial services industry.

Dr. Bello Lawal Danbatta, Secretary-General of the IFSB, and Sheikh Saif Hilal Nasser Al Mawali, Member, Board of Directors, Bank Nizwa signed the Memorandum of Understanding (MoU) on behalf of their institutions alongside the 15th IFSB Summit in Jeddah, Saudi Arabia.

The collaboration aims to enhance the relationship between the two organisations to mutually further the development of Islamic finance in Oman and the region, and will focus on two main areas:

  • Joint organisation of training and awareness programmes
  • To enhance peer learning and knowledge sharing in Islamic finance

This collaboration is in line with the IFSB’s role in enhancing global visibility and collaboration with stakeholders and international counterparts, in particular, to support and strengthen the efforts toward the development of Islamic finance, through capacity building, promoting awareness and enabling knowledge sharing in IFSI.


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