Saturday 11 / May / 2024
Muscat: Alizz Islamic Bank has announced a special offer for goods finance at a very competitive profit rate of only 4.75%. If you are willing to purchase furniture, equipment, home appliances or other domestic implements, goods finance is the solution for you.
At Alizz Islamic Bank, personal finance is based on ‘Murabaha’. Under the Goods Murabaha Product, the bank will at the customer's request purchase the goods from the authorised dealer and sell the same to the customer at an agreed price. The advantage is that you know the bank's profit mark-up and installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows for immediate possession & ownership of the goods.
“Goods finance is available to Omanis and residents. Upon their request, the Bank can purchase any type of shari’a-compliant goods for the customer, who will know the profit rate and instalments before signing the agreement. Goods finance is available for up to 100% of the goods value. They just have to transfer their salary to any of the Alizz Islamic Bank branches. said Mohammed bin Juma Al-Ghassani, AGM - Chief Consumer Banking Officer of Alizz Islamic Bank
Alizz Islamic Bank also offers the goods finance option via the IFIN instant financing services for goods like furniture, accessories, electronics and other products at Danube Home, Enza Home, Mustafa Sultan Electronics, Sofa Land, Al Madina Cement products, Sky Orbits and Fahmy Furniture. Alizz Islamic Bank customers can get finance on the spot for up to 120 months without the need for visiting any of Alizz Islamic Bank branches.
The finance process has been simplified so that finance can be done within 10 minutes as a customer will receive an OTP on their registered phone number and sign the finance agreement subject to instant approval.
The IFIN instant finance service for personal finance comes as a part of Alizz Islamic Bank's plans for the provision of a wide range of carefully designed banking solutions that address the needs of all customers and fulfil customer needs for instant banking solutions when carrying out banking transactions.
Alizz Islamic Bank was one of the earliest banks to allow customers to carry out flexible digital transactions. With the increased dependency on digital technology for banking transactions, it is important to adopt digital strategies that meet customer needs in such a manner that is as transparent as possible.
Since the beginning of its operations in 2013, Alizz Islamic Bank has drawn closer to its customers using the latest technology, innovative financial solutions, digital, quick response services on the website, mobile banking, SMS services, the call center, ATM machines, interactive teller machines and banking services at the branches.
