Alizz Islamic Bank – Ratings on Oman National Scale Affirmed with Stable Outlook

14 May 2026

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

The ratings are supported by AIB’s solid Islamic franchise and status as a wholly owned subsidiary of Oman Arab Bank (OAB). AIB remains one of only two fully fledged Islamic banks in the country, with a significant share of the Islamic banking market, and one of the largest Islamic banking branch networks. That said, the Islamic banking sector has remained moderate in size, despite good growth over the years. Other supporting factors include the Bank’s sound liquidity profile with a large deposits base, fairly good capital ratios, and its sound and resilient financing asset quality metrics despite the still elevated Stage 2 financings.

The ratings are constrained by AIB’s sizeable real…