IFIN partners with Bank Nizwa to provide instant islamic goods financing

IFIN partners with Bank Nizwa to provide instant islamic goods financing

Muscat: IFIN, the first of its kind Islamic FinTech, announces its partnership with Bank Nizwa, Oman’s first full-fledged Islamic bank in the Sultanate, offering a plethora of Shariah-compliant products and services, to introduce instant Islamic ‘Goods Financing’ with the aim of enriching the bank’s Islamic product offering and meet its digital transformation ambitions.

This partnership is a continuity of a series of collaborations between IFIN and Bank Nizwa to advance the bank’s innovation in Islamic banking services and strengthen its leadership in the Omani market. After the launch of instant Islamic Auto financing, Bank Nizwa continues to leverage IFIN's cloud-based platform to digitalize the financing process of goods purchase, end-to-end, and enable customers to complete their finance within minutes, and without having to visit the bank’s branches.

IFIN instant Islamic financing solutions will enable Bank Nizwa to significantly reduce finance applications’ Turn-Around-Times, cut down operational costs, and improve the shopping experience of their clients. Customers can now apply and obtain finance instantly to purchase goods from a list of authorized dealers in the Sultanate such as Danube Home, Enza Home, Fahmy Furniture, Muscat Furniture, ID Design, Mustafa Sultan Electronics, Sky Orbits, Al Madina Cement and many more. They will also benefit from