Bank Nizwa in its recent Sharia Supervisory Board (SSB) meeting has collectively agreed to appoint Sheikh Dr. Mohammad bin Rashid Al Gharbi who has been a member of the Sharia Supervisory Board at Bank Nizwa since July 2012 as its new SSB's Chairman. Sheikh Al Gharbi retired as an Assistant Professor in the Department of Islamic Sciences at Sultan Qaboos University and is a polished academician with an extensive research portfolio. He has delivered his research on Sharia subjects through numerous academic papers on financial transactions within Islamic jurisprudence. Assisting Sheikh Al Ghabri as the SSB's Deputy Chairman is Assistant Professor Dr. Aznan Hassan who also holds the position of President at the Association of Sharia Advisers in Islamic Finance (ASAS). Sheikh Aznan was involved in various mergers and acquisitions exercise particularly in Islamic Banking sector, structuring of various Islamic financial products, including banking, capital market and takaful products in the ASEAN and MENA region. Additionally, Sheikh Ibrahim bin Nasser Al Sawwafi, who had joined Bank Nizwa as a member of the Sharia Supervisory Board in July 2012, is the third member of the Sharia Supervisory Board. In his capacity, Sheikh Al Sawwafi also serves as the Fatwa Trustee for the Mufti of Oman and a Member of the Committee for Endowments and Zakat at the Ministry of Endowment and Religious Affairs.