Oman bank launches PLA debit and credit cards


In Oman, Bank Nizwa is now offering bioplastic credit and debit cards. The Shari’ah-compliant cards are “designed to cater to different segments of customers’ needs by offering consumer-driven solutions that deliver value [and] bring the best of sustainable practices, exclusive rewards and unparalleled convenience in one card,” Bank Nizwa says in a press statement.

PLA is typically derived from fermented plant starch, like corn, and is biodegradable.

“As the leader in the Islamic financial services industry, Bank Nizwa recognized the importance of sustainability and formed a strategy that deeply focuses on the same,” says Bank Nizwa CEO Khaled Al Kayed. “The approach was created to promote sustainable development in the Islamic banking domain by considering environmental, social and economic objectives.”