Muscat: Alizz Islamic Bank and Sohar Real Estate Development have signed an agreement to provide home financing solutions for the bank’s customers who wish to own a home in the ‘Hai Majd’ Project in Wilayat Sohar.
The agreement was signed by Mr. Saif Al Yahyai, Head of Retail Banking at Alizz Islamic Bank and Mr. Zaidoun Ibrahim, General Manager of Investments on behalf of Sohar Real Estate Development.
Under this agreement, customers will receive competitive financing rates to purchase residential units in the project. The “Majd Neighborhood” project in Sohar will constitute a comprehensive community comprising over 1,000 residential units, along with commercial facilities and extended green spaces. It offers diverse alternatives of residential units with varying sizes to provide beneficiaries with ample choices. The project aims to enhance social cohesion through aesthetic design and an innovative business model, achieving high standards of quality in design, development, and construction. It serves as a unique, attractive, and highly practical residential destination, combining high quality with modern lifestyle patterns, making it a preferred choice for many in the region
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Commenting on the signing of this agreement, Saif Al Yahyai, Head of Retail Banking of Alizz Islamic Bank said: “We are proud to have signed this agreement which will facilitate the ease and flexibility for our customers’ in obtaining homes in the ‘Hai Majd’ project. Our home finance solutions provide easy and flexible options for customers to purchase a suitable home that matches their needs. We always strive to facilitate and offer Shari’a compliant products that achieve the desired benefit for customers.”
Sohar Real Estate Development has over twenty years of experience, blending vision with execution. By innovating integrated solutions and adhering to standards of quality and sustainability, Sohar Real Estate Development has consistently led the industry, earning trust and confidence from its clients.
Alizz Islamic Bank strives to partner with various real estate development companies, with the aim of providing multiple financing solutions to customers in purchasing homes that match their needs and financial capability across the Sultanate.
