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

By Leandra Monteiro

Bank 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.