islamic finance

Alizz Islamic Bank signs pact to provide home financing solutions

September 16, 2021

Muscat: Alizz Islamic Bank and National Mass Housing Company have signed an agreement to provide home financing solutions for the bank’s customers who wish to own a home in the Areej Residential Compound.

The agreement was signed by Mohammed Al Ghassani, AGM -Chief Consumer Banking Officer of Alizz Islamic Bank and Abdullah Ali Al Jahwari, Chief Executive Officer of National Mass Housing Company.

Under this agreement, customers will receive competitive financing rates at a special profit rate. Distinguished by its strategic location Areej Residential Villas project is located in Halban near the industrial city of Sandan and GUtech on the Muscat Expressway and located 20 minutes away from Muscat International Airport, making it accessible and away from congestion giving owners peace of mind and comfort.

The project includes 138 villas, an integrated commercial district, advanced security and surveillance systems, a children's playground, a separate entrance for the residents of the residential complex, a modern oriental-style design, advanced security and surveillance systems, around-the-clock guarding, an environmentally friendly green space, and many other facilities.

Commenting on the signing of this agreement, Mohammed Al Ghassani, AGM - Chief Consumer Banking Officer of Alizz Islamic Bank said: “Our home finance solutions are varied and provide easy and flexible options for customers to purchase a suitable home that matches their monthly income. We always strive to facilitate and offer products that are compatible with the provisions of Islamic Sharia and achieve the desired benefit for customers. All that customers have to do is visit their nearest Alizz Islamic Bank branch.”

Abdullah Ali Al Jahwari said, “We thank Alizz Islamic Bank for giving us this opportunity to sign this agreement, which will facilitate the bank’s customer’s flexibility and ease in obtaining suitable housing at the Areej residential complex.”

Al Jahwari added, 'We believe that people's accommodation in an integrated residential complex is one of the goals that the government seeks during the coming period by finding and providing integrated housing complexes at a special price in accordance with this agreement.”

It is worth noting that in the recent past, Alizz Islamic Bank signed a number of agreements with a various real estate development companies, with the aim of providing various solutions to customers in purchasing housing that match their needs and financial budgets in various locations in the Sultanate.

Alizz Islamic Bank provides financial solutions compatible with the provisions and principles of Islamic Sharia for corporate, government and individual clients. The bank focuses on commercial requirements and needs guided by in-depth knowledge of various sectors, the latest technology, and commitment to excellence in customer service, as well as financing solutions that are Sharia-compliant, whether for companies, institutions, or individuals.


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