Muscat: The travel finance campaign from Alizz Islamic Bank helps customers enjoy their summer vacations in any country of their choice, with easy payment options that include a grace period of 2 months and availability of travel finance with post-dated cheques (PDCs). The offer continues until the 29th of August 2024.
The travel finance offer is open to Omanis and resident expatriates, subject to simple documentation and facilitated procedures and approvals, and covers 100% of the service value. It is available at a competitive financing profit rate with a maximum payment period of 2 years and is available to salaried and non-salaried customers of the bank with a maximum finance amount of 10,000 OMR.
Speaking about the summer travel finance campaign, Mr. Saif Al Yahyai, Head of Retail Banking at Alizz Islamic Bank said “At Alizz Islamic Bank we always ensure that we work on providing our customers with the solutions that meet their needs. The summer travel finance campaign was designed to meet the needs of our customers and their families during the summer holidays and our team has worked diligently to make Alizz Islamic Bank the first option for the those seeking Shari’a compliant banking solutions.”
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Travel Finance is based on the Shari’a principle of ‘Service Ijarah’ which is approved by the Shari’a Supervisory Board (SSB). To enjoy this offer, the customer has to just visit any travel agency and request for a quotation which he/she has to hand over to any of the bank’s branch and the finance application will be completed swiftly.
Alizz Islamic Bank is proud to give its customers Shari’a-compliant personal finance ‘Service Ijarah’ to enhance their life and help them reach their goals. It is designed to help them meet their needs, be it travel, medical expenses, school fees, wedding expenses or any other services, at the most competitive price. With ‘Service Ijarah’, the bank will have an ‘agreement’ with the service provider, whereby the bank leases the services required by the customer directly from the service provider and sub-leases it to the customer.
