MUSCAT: Alizz Islamic Bank has been awarded the ‘Best Transformation in Islamic Banking in Oman 2026’ award by the World Union of Arab Banks, in recognition of the Bank’s significant transformation journey and the major strides it has made across its business, digital capabilities, customer experience and banking solutions in recent years.

The award was received on behalf of Alizz Islamic Bank by Mr. Ali Al Mani, Chief Executive Officer, during a ceremony held in Istanbul, Türkiye, attended by prominent banking and financial leaders from across the region.

The recognition reflects the Bank’s transformation journey over the past few years, which has focused on redefining the banking experience to meet evolving customer expectations and the rapidly changing banking landscape, while remaining firmly rooted in the principles and values of Shari’a-compliant banking.

Over the course of this transformation journey, Alizz Islamic Bank has accelerated its digital innovation, strengthened its banking ecosystem, expanded its financing solutions and invested in new technologies, while placing people at the heart of its overallstrategy. The Bank’s transformation has also extended to double digits in profitability and the first distribution of dividends in the history of the organisation. The evolution period also witnessed the development of new customer value propositions, enhanced operational efficiency, culture and reinforcing commitment to becoming more agile. Guided by a clear strategic vision, Alizz Islamic Bank has been investing in building a trusted brand for sustainable growth within Oman’s Islamic banking industry for the wider economy. 

Commenting on the recognition, Mr. Ali Al Mani, Chief Executive Officer of Alizz Islamic Bank, said: “We are proud to receive this recognition, which reflects the transformation journey Alizz Islamic Bank has undertaken over the past few years. This goes beyond celebrating what we have achieved, it simply validates the commitment and dedication towards our belief that change is built through a clear vision, focused execution and a shared commitment to execellence to respond to the evolving needs of our customers and the communities we serve.”

Al Mani added: “As we look ahead, we remain committed to embedding sustainability across our business, strengthening responsible practices and creating meaningful long-term value for our stakeholders. We are grateful to all all who contributed towards the success of this transformation journey. Sincere appreciation to our Board, management team and every member of Alizz Islamic Bank, customers, partners and stakeholders for the trust they place in us.”

Alizz Islamic Bank continues to strengthen its position as a modern Islamic financial institution by bringing together the principles of Islamic banking with technology, innovation and customer-centricity, in line with the evolving banking landscape in Oman and the objectives of Oman Vision 2040.

The Bank views this recognition as another milestone in its transformation journey rather than a destination. Alizz Islamic Bank remains committed to investing in its capabilities, strengthening its digital ecosystem, developing innovative banking solutions and enhancing customer experiences, while continuing to shape the future of Islamic banking in the Sultanate of Oman.