back Back

Bank Nizwa launches Shari’ah-compliant eco-friendly payment cards

By Leandra Monteiro

November 23, 2022

  • Bank Nizwa
  • Card Payments
  • Credit Card
Share

Bank NizwaBank Nizwa became the first Islamic bank in Oman to introduce Shari’ah-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 environmentally friendly benefits since they are biodegradable compared to traditional plastic manufacturing. Switching to eco-friendly cards demonstrates the bank’s commitment to sustainability.

Commenting on the newly launched cards, Khaled Al Kayed, Chief Executive Officer of Bank Nizwa said, “As the leader in the Islamic financial services industry, Bank Nizwa recognised 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.”

The cards unlock privileges that match the lifestyles of the bank’s premium customers, creating a seamless experience that is secure and hassle-free for cardholders. The eco-friendly cards provide a value proposition with benefits categorised under travel, lifestyle, and providing peace of mind. By offering a comprehensive suite of benefits, Bank Nizwa seeks to make adopting eco-friendly products easier, convenient and more attractive for customers.

Previous Article

November 23, 2022

Santander Bank Polska goes live on Horizon’s equity market platform

Read More
Next Article

November 23, 2022

Balance and Viola Credit partner to power merchants’ e-commerce growth

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Bank Nizwa

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Hecto Financial eases cross-border transactions with new solution

Read More

Today

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023