Muscat: With the launch of a new campaign, Bank Nizwa, one of the leading Islamic banks in the Sultanate, is now reaching out to customers looking for an affordable financing option for home, auto and personal . As part of the campaign, clients can take advantage of flexible mandates and generous terms as well as a special profit rate of 4.5%. This campaign offers attractive and achievable options for those looking to improve their standard of living. This promotion is designed to encourage citizens and residents to explore more convenient and accessible Islamic financing options.
“Keeping our clients’ financial goals in mind, we develop innovative offerings and solutions to support them. As customers strive to achieve their goals, the new campaign comes at a time when convenient payment plans are a must. Through this campaign, we aim to improve our customers’ financing journeys and ultimately support the local economy,” said Mr. Arif Al Zaabi, Deputy Managing Director – Retail Banking. “As part of Bank Nizwa’s commitment to providing Shariah-compliant products and services, it goes the extra mile to meet the aspirations of its customers to maintain a comfortable lifestyle for themselves and their families. For customers looking for easy financing for large purchases, a competitive profit rate of 4.5% is a great advantage when acquiring a house or a car,” he added.
The introduction of innovative financial solutions is at the heart of the Bank’s strategy and expansion plans. In addition to closing the funding gap and attracting new customers, this campaign aims to raise awareness of the Bank’s competitive advantages. Banking Nizwa empowers an individual’s choice and helps meet their aspirations by providing referral services that go beyond financing. With Shariah-compliant banking services, the Bank enables individuals to improve their lives through its advisory services.
Through its affiliation with the Islamic Finance Initiation Network (IFIN), Bank Nizwa was the first in the country to offer on-site approvals for auto finance. Customers can complete auto finance procedures at participating auto dealerships. Customers can get auto financing faster by using this service instead of going to bank branches. This will allow customers to make purchases, further fueling the automotive industry. Instant Approval is designed as a “10-Minute Funding Process” for an easy and simple application process and time-saving instant funding. A finance requester will submit their request via a web-based application, accessible only by retailers; all costs will be transparent and applicants will know what to expect.
Another benefit offered by the bank is the provision of advice and guidance related to construction. As part of its service, the company employs a team of civil engineers, who conduct site visits and monitor the progress of clients’ homes.
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