Oman-based alizz Islamic bank, in collaboration with MasterCard has launched a new Shari’a compliant Titanium and Platinum MasterCard Credit Card.

The new credit card follows the recent successful launch of its Shari’a compliant MasterCard Debit Card.

Accepted at 35.9 million locations worldwide, the Titanium and Platinum MasterCard Credit Card provides customers with access to select airport lounges across the Gulf Cooperation Council (GCC).

Additionally, cardholders can avail benefits and retail shopping advantages offered by MasterCard under its Priceless Arabia programme.

alizz islamic bank acting CEO, Jamal Darwiche, said being a newly formed financial institution that operates in compliance with Islamic principles, this launch represents a milestone in their ambitious plans to become Oman’s leading Islamic Bank.

MasterCard Middle East and North Africa division president, Raghu Malhotra, said Islamic solutions are gaining tremendous popularity among consumers in the region, especially across the GCC.

"At MasterCard, we identified this trend early on and have been working closely with financial institutions across the region to develop a range of unique products that address the specific needs of the community," Malhotra added.