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| Source: Alizz Islamic Bank. The launch ceremony for Tharwa Wealth Management Segment was held under the patronage of HE Yahya bin Said Al Jabri, Chairman of the Special Economic Zone Authority Duqm, in the presence of HH Sayyid Taimur bin As'ad Al Said, Chairman of the Board of Directors of Alizz Islamic Bank, The Honorable Salaam bin Said Al Shaksy, CEO of the bank, and Moosa Al Jadidi COO of the bank. |
Alizz Islamic Bank has launched the Tharwa Wealth Management Segment as a significant pillar for the bank.
Tharwa offers services led by a team of seasoned relationship managers that will be available at all branches. The managers can be assigned to meet any customer at a location convenient to the customer. The team ensures that customer requirements are always met and provide special advisory about products and services most suitable to customers’ needs.
Tharwa customers have exclusive privileges, including access to special discounts on travel, accommodation, restaurants, entertainment and various VIP services. They have access to exclusive Tharwa lounges across the sultanate, which are designed to ensure privacy in conducting their banking transactions and round-the-clock access to online and mobile banking services.
In addition, Tharwa customers can manage their money through the Izdihar sweep savings account, which adheres to the Islamic principle of unrestricted mudarabah. Amongst the many advantages of the Izdihar savings account are attractive expected profit rates, immediate access to funds and linkage to a current account that offers flexible withdrawals through a cheque book, while the customer earns generated profit on a monthly basis.
Alizz Islamic Bank also launched the MasterCard World Credit Card for Tharwa customers at the same time. The card offers customers complete flexibility to explore international destinations and access to several hospitality services in more than 400 cities around the world. The cardholder is also entitled to a free night 's stay and an immediate upgrade at all Starwood Hotels & Resorts, as well as an insurance cover for travel, accident, and medical services of up to US$2,000,000.
Moosa Al Jadidi, COO, Alizz Islamic Bank said: "This segment has been designed to provide world-class banking services to high net worth individuals in the country. The launch of Tharwa also marks Alizz Islamic Bank’s launch of the MasterCard World card for these exclusive customers. Alizz is proud to provide premium services catering to the needs of our customers. We adopt a comprehensive approach centered around customers and have assigned a dedicated team of experts to provide world class services.
"We are committed to provide our customers with unparalleled banking services to guarantee the quality of service and peace of mind through a wide range of shari’ah-compliant products and services. All our banking solutions are designed to guarantee our customers have the flexibility to complete their banking transactions with ease.”
Alizz Islamic Bank was established to strengthen the Islamic banking services in the Sultanate through its innovative banking solutions. It is the only bank in Oman that offers 35 products that meet the needs of both individual and corporate clients. All products and services provided by Alizz Islamic Bank have been approved by the Fatwa and Shari'a Supervisory Board. In the last few months, the bank has also introduced dedicated services to the small and medium enterprises as part of its efforts to offer diverse banking solutions to all segments of society.