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Muscat – Sultanate of Oman:

In recognition of its commitment to being the market leader in providing the finest shari’a compliant products, Alizz Islamic Bank recently won the award for ‘Best Premium Credit Card’ at The Signature Luxury 100 awards, at a ceremony held at The W Muscat Hotel under the auspices of Her Excellency Federica Favi, the Honorable Ambassador of Italy to the Sultanate of Oman.

The Signature Luxury 100 features a list of 100 premium brands that have made their mark in 2019 through their brand appeal, brand value and overall growth. The Signature Luxury 100 is a superlative ‘List of Lists’ that embodies the spirit of luxury. The categories include personal luxury goods, luxury cars, luxury hospitality, bespoke banking and top-tier real estate.

Signature magazine’s annual luxury list awards, recognised Alizz Islamic Bank for taking significant steps in its mission to become the premier Islamic financial services provider in the country by providing world of exclusive privileges, rewards and experiences through its Alizz Islamic Bank World Credit Card.

Mohamoud Dualeh, Head of Product Development at Alizz Islamic Bank, received the award on behalf of the bank.

Alizz Islamic Bank, was the first Islamic bank in the Sultanate to offer Titanium and Platinum credit cards from MasterCard in accordance with the principles of Islamic Shari'a and offers the most affordable credit cards in the local market. The cards are designed based on the highest quality standards to meet customers’ diverse needs and allow cardholders to have access to various airport lounges around the globe.

Alizz Islamic Bank’s credit cards offer a wide range of benefits and rewards to a large segment of customers in addition to offering premium features and privileges that provide cardholders with a range of lifestyle experiences, including access to select airport lounges across the world. Furthermore, all MasterCard-branded cards can be used at over 35.9mn outlets across the globe.

Customers can also avail special discounts in different restaurants across the Sultanate and the MENA region as well as premium protection against fraudulent transactions and the cards provide clients with a range of discount offers at various stores in over 19 countries and 6 % off for shopping at Cardholders who are planning to travel can get a discount of up to 30% if they make a flight reservation on

Through the Titanium and Platinum credit cards, customers can enjoy a safe and premium online shopping experience, thanks to the new enhanced 3D secure feature, which is an authentication payment system that uses a One-Time-PIN (OTP) to authenticate the cardholder’s purchase. The product is approved by the Sharia Supervisory Board and the Central Bank of Oman.

All credit cards are based on the Islamic concept of ‘Qard Hasan’ which is adopted by numerous leading Islamic banks all over the world and applied to all credit card products. A customer can pay the amount shown in the credit card statement of account at the end of the month or settle it in form of deferred installments according to minimum payment option.