Bank Nizwa offers shari’ah-compliant home finance solutions for the Sustainability City – Yiti

Bank Nizwa offers shari’ah-compliant home finance solutions for the Sustainability City – Yiti

Muscat: As the leading Islamic bank in Oman, Bank Nizwa has consistently endeavoured to contribute to the nation’s revenue diversification agenda. In line with the same, the bank recently signed a Memorandum of Understanding (MoU) with Sustainable Development and Investment Company (SDIC) to offer Shari’ah-compliant home finance solutions to customers aspiring to buy properties at The Sustainability City – Yiti. This strategic agreement will help customers finance off-plan residential properties in the city whilst it is still under construction.

With a competitive profit rate of 4.85 per cent, Bank Nizwa seeks to make owning a home at this iconic location even more convenient, quick and secure. The Sustainable City – Yiti is set to be the first fully sustainable community in Oman, and will meet the highest standards of social, environmental and economic sustainability, with mixed housing typologies to suit different categories. The new project is also in alignment with Bank Nizwa’s core values of supporting the country’s transition to a green, circular economy whilst focusing on holistic well-being.

Commenting on the signing of the MoU, Khaled Al Kayed, Chief Executive Officer at Bank Nizwa said, “We are indeed delighted to have signed this MoU with SDIC, the company responsible for developing