Oman- Alizz islamic bank's Ramadan Auto Finance offer well received

Date

7/10/2016 12:54:54 AM

(MENAFN- Muscat Daily) Muscat-

Alizz islamic bank''s Ramadan Auto Finance offer has seen great interest from the public in order to own their dream car through the Sharia''a compliant principle of Murabaha.

Under the product offering, be it a new car or a used vehicle (up to models of 2014), customers will be afforded with the opportunity to own their dream car without difficulty. The auto finance product offers full range of features and facilities to customers starting with an attractive Murabaha profit rate of 5.49 per cent per annum for salary transfer customers.

To ensure complete satisfaction of customers, an option to avail the special car Takaful (insurance) contribution rate with free UAE Cover and 20 per cent privilege discount on all V-Kool Packages starting from the stature series is available.

Financing is open to both Omanis and resident expats with up to 80 per cent finance, an easy settlement period of up to 84 months and a fast approval process with simple documentation. Mohamoud Dualeh, head of development products, alizz islamic bank, said, ''We do not launch innovative products and services to compete with others, but to stand out and be different from the rest. Through this offering, we will make the dream of owning a car come true with a seamless and hassle-free process.''

Salaried and non-salaried individuals, working in the government sector or the private sector, can also apply to avail the financing of their dream car. All a customer needs to do is file a Murabaha application along with a promise to purchase and enclose with it an official quotation addressed to alizz islamic bank for the car he/she wishes to purchase. The bank will purchase the car based on the customer''s request and sell it to the customer at a cost plus the agreed profit amount.

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