Life’s Most Important Investments Made Easy With Muzn

Press release
Published August 1st, 2021 - 09:03 GMT

Life’s Most Important Investments Made Easy With Muzn
Salima Al Marzouqi, Chief Islamic Banking Officer
Highlights
National Bank of Oman’s (NBO) Islamic banking window offers a range of consumer financing facilities that tick all the boxes.

Providing personalised banking solutions that keep its customers’ values in mind, Muzn, National Bank of Oman’s (NBO) Islamic banking window offers a range of consumer financing facilities that tick all the boxes. From Home, Auto, Education, Travel and Goods financing, each comes with an easy application process, fast processing and competitive monthly instalments, while the bank’s distinguished Shari’a Supervisory Board ensures complete Shari’a compliance.

Salima Al Marzouqi, Chief Islamic Banking Officer (CIBO), said, “At Muzn, we believe that banking should be made simple for everyone. That’s why we offer innovative, competitive and quality Islamic banking products and services that meet the distinctive needs of our customers. Backed by our dedicated customer service, they can fulfil their life goals without compromising their values.”

Open to Omani nationals and residents, Muzn Education Finance is based on the concept of Services Ijarah which offers financing to get educational facilities from institutions inside and outside Oman. Meanwhile, Home Financing is available to Omani nationals and is based on the concept of Ijarah and Diminishing Musharakah. Customers have the option to buy a new home, get their dream home constructed or convert their existing financing to a Shari’a-compliant facility. The Car Financing and Consumer Goods Financing facilities are based on the concept of Murabaha, offering flexible tenures for all the citizens and residents of Oman between the ages of 21 and 60.

To find out more, call 24770001 or visit www.muzn.om.

 

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.​

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