Alizz to offer Sharia-compliant finance to investors at Al Mouj

Al Mouj-AL IZZ

Al Mouj Muscat, Oman’s lifestyle destination, has signed an agreement with Alizz Islamic Bank to provide home financing solutions to potential home-owners.

Under the agreement, aspiring homeowners will have access to a full range of Alizz Islamic Bank’s financing solutions and competitive financing rates when purchasing property at Al Mouj Muscat.

“We are proud to be associated with Alizz Islamic Bank as they are one of the most prominent Islamic banks in the Sultanate. We are happy that Alizz Islamic Bank will offer Sharia-compliant home financing options to Al Mouj Muscat’s local and international investors. By signing this agreement, Al Mouj Muscat intends to provide its customers with more options of tailored home finance solutions that cater to their different needs. We are certain that this arrangement will help them complete and facilitate the purchase of property in Oman’s premier mixed-use development effortlessly and swiftly,” said Ahmed Al Massan, head of Finance and IT at Al Mouj Muscat.

“Alizz Islamic Bank has always been at the forefront of providing exceptional products and services to its growing base of customers and with this core objective in mind, we look to collaborate with leading real-estate companies in the Sultanate. It is indeed our pleasure that Alizz Islamic Bank has formed a co-operation with Al Mouj Muscat to provide Islamic Home Finance for our customers who constantly seek to invest in quality real-estate properties. We are proud to help our customers to turn their dream home into reality by buying it with our Home Finance from Al Mouj Muscat,” said Mohammed Al Ghassani, head of Sales Distribution and Wealth Management at Alizz Islamic Bank.

A growing community of more than 5,000 people from 70 different nationalities live at the Al Mouj Muscat, which is Oman’s first Integrated Tourism Complex (ITC), comprising of residential properties including villas, townhouses and apartments, an 18-hole PGA Links golf course, a 400-berth marina, a retail and commercial hub and a number of hotels. Overall, more than 2,300 properties have been sold and more than 1,800 properties handed over to customers. All properties are 100 per cent freehold, approved for purchase by foreign nationals, and offer eligibility for residency visa.

Alizz Islamic Bank is one of Oman’s most dynamic and innovative Islamic banking institutions. The bank offers home and real-estate financing options to and delivers Sharia-compliant products catering to the different needs of clients, helping them complete their transactions easily and quickly using cutting-edge technology.

Al Mouj Muscat is the Sultanate’s lifestyle and leisure destination and is a unique public-private venture between the Government of the Sultanate of Oman and the UAE-based Majid Al Futtaim Properties.

Spread along a stunning six kilometre-stretch of Muscat’s coastline, this world-class ITC comprises a group of luxury residential properties including villas, townhouses and apartments, commercial units, retail and dining facilities and Oman’s only signature designed PGA Standard 18-hole links golf course. Al Mouj Muscat is also home to the 400 berth-Al Mouj Marina, Oman’s largest private yachting hub and most recently The Walk, a 70-unit retail area, which forms the commercial and leisure hub of the community. The next phase of development will see luxury hotels, new residential leisure and hospitality offerings. Al Mouj Muscat is a phased development, which provides a world-class lifestyle destination.

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