Alizz Islamic Bank – National Ratings Affirmed with a Positive Outlook

Ref: OM03 1 2 2 CRA 00- 0 1 18 Ma y 2023

Alizz Islamic Bank – National Ratings Affirmed with a Positive Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term ratings on the Oman National Scale of Alizz Islamic Bank (AIB) at ‘omA A’ and ‘omA1 +’ , respectively . The Outlook for the r atings is Positive.

The ratings are underpinned by the Bank’s large customer deposit base , sound financing -based liquidity metrics , and fairly good financing asset quality despite some weakening of key metrics. The ratings also reflect AIB’s solid Islamic franchise and status as a wholly owned subsidiary of Oman Arab Bank (OAB). AIB is one of the two fully fledged Islamic banks in the country with a sizeable share of the expanding Islamic banking market, and has one of the largest Islamic banking branch networks….