Alizz Islamic Bank – National Ratings Affirmed with a Stable Outlook

Ref: OM03 1 2 1 CRA 00- 0 1 17 Ma y 2022

Alizz Islamic Bank – National Ratings Affirmed with a Stable 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 (A IB ) at ‘omA A’ and ‘omA1 +’. The Outlook for the ratings is Stable.

The Bank’s ratings are underpinned by its large customer deposit base, comfortable liquidity position, good quality financing book and sound capital ratios. The ratings also reflect AIB’s solid Islamic franchise and status as a wholly owned subsidiary of Oman Arab Bank (OAB). AIB also remains one of the only two fully fledged Islamic banks in the country with a good share of the Islamic banking market , and a large Islamic banking branch network. The well regulated environment and prudent policies of the Central Bank of Oman (CBO) also…