The unveil of the corporate identity in Oman, marks the establishment of an ambitious financial group that is being achieved through the close cooperation of a number of lead investors from the collegiate of Gulf states and will be focused on offering Shari’ah compliant financial solutions to Oman’s corporate and retail banking customers.
This is also a significant milestone in the banking industry in Oman, as Al Izz Islamic Bank will be one of the country’s first dedicated Islamic banks.
The corporate identity launch is an important showcase of the bank’s progress and is the first public announcement as it prepares for its IPO. Al Izz Islamic Bank aims to be a leading participant in the emerging Islamic banking industry, offering comprehensive Islamic banking products and services.
The logo was unveiled by His Highness Sayyid Taimur Bin As’ad Al Said. Commemorating the launch of the new logo, His Highness Sayyid Taimur Bin As’ad said, “This is a unique opportunity for us to fulfill the unmet demand for Islamic financial products and services in the Sultanate and to contribute to the development of Oman’s economy. Being one of the first Islamic banks, we hope to set benchmarks in the Islamic banking sector by providing customized, competitively priced and innovative Shari’ah compliant products, with the comfort and convenience of modern banking technologies.”
The identity is inspired by the purity of thought and deed that Islam preaches and the bank’s commitment to project those values across its offering of corporate and retail banking solutions.
Speaking on the occasion, Mr. Jamal Darwiche, Chief Operating Officer designate, Al Izz Islamic Bank said, “The identity and value proposition captured as ‘Pure Banking. Pure Life’, is a reflection of the bank’s core philosophy, our commitment to the business, the principles on which we will operate the bank and the values that we hold dear.”
The name ‘Al Izz’ implies pride and prosperity. The logo is inspired by an Islamic artistic pattern that captures the traditional values of Al Izz Islamic Bank, while the colours of blue and silver sets the bank’s tone of modernity. The silver calligraphy of the Al Izz Islamic Bank name in the centre is symbolic of the integral role the bank plays in the lives of individuals. The pattern radiating outward depicts the bank’s influence and commitment to the larger community.
Speaking on behalf of the founding share holders, Mr. Mohamed Badawy Al – Husseiny, Chief Executive Officer, Aabar Investments, said, “We are delighted to be a cornerstone investor in Al Izz Islamic Bank. It will be one of our largest investments in the region. It builds on our significant investments in financial services in key European and Asian markets and affirms our confidence in the outlook for Oman and wider Gulf financial services markets.”
Wednesday, August 1- 2012 @ 12:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.