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March 16, 2015

Alizz islamic bank, MasterCard to launch new credit card for UNHW customers

Oman-based Alizz islamic bank has partnered with MasterCard to introduce a new Sharia’a compliant World Elite MasterCard credit card.

By Verdict Staff

Oman-based Alizz islamic bank has partnered with MasterCard to introduce a new Sharia’a compliant World Elite MasterCard credit card.

The World Elite MasterCard credit card has been designed to provide exclusive dining, travelling and shopping experiences to cardholders besides providing access to prestigious venues and global events, according to Muscat Daily.

Aimed at the ultra-high-net-worth (UNHW) affluent segment in Oman, the card offers a range of value-added benefits and rewards, including travel and lifestyle benefits, concierge service and a comprehensive insurance suite.

Additionally, Alizz islamic bank also provides the Sharia’a compliant Titanium MasterCard debit card and Sharia’a compliant Titanium and Platinum MasterCard credit cards to its customers.

These MasterCard-branded cards, which can be used at over 35.9 million outlets globally, will provide access to select airport lounges across the GCC and luxury retail shopping benefits through the Priceless Arabia platform.

Alizz islamic bank CEO Salaam al Shaksy said: "Being a newly-formed financial institution which operates in compliance with Islamic principles, this launch represents a milestone in our ambitious plans to become Oman’s prefered financial institution."

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