Alizz Islamic Bank and Oman’s ministry sign agreement

Alizz Islamic Bank and Oman’s ministry sign agreement

Muscat - Alizz Islamic Bank and the Ministry of Housing and Urban Planning signed a joint agreement to provide shari'a compliant financing options for those wishing to purchase housing units in Sultan Haitham City. The agreement was signed by His Excellency Dr. Khalfan bin Saeed Al Shuaili, Minister of Housing & Urban Planning on behalf of the Ministry of Housing and Urban Planning and by Mr. Ali bin Saif Al Mani, General Manager of Alizz Islamic Bank on behalf of Alizz Islamic Bank. The signing ceremony was held at the Royal Opera House in the presence of CEOs of several banks, financing companies and real estate development companies in the Sultanate. This agreement showcases the synergy between the government sector and the private sector and the advanced progress of the real estate development sector in Oman by providing the necessary services and facilities to individuals and investors to enable them to contribute to serving these sectors. Alizz Islamic Bank will provide the option to avail home finance for residential units with a competitive profit rate starting from 3.5% for those who meet the terms and conditions. All finance options provided by Alizz Islamic Bank are shari'a compliant and compatible with