Our Shari'a-compliant financing options, based on Ijarah and Diminishing Musharakah, provide a simple and reliable way to build and own your dream home
Home Financing:
We provide financing for the following purposes:
- Purchase of ready property (including villa or an apartment)
- Purchase of Property from Developers
- Purchase of property under construction
- Purchase of residential land to build a house
- Building a residential unit.
Our Home Maintenance Financing aims to improve and upgrade your property with tenor up to 10 years.
Converting Your Existing Conventional Home Finance
We help you switch to a Shari'a-compliant facility through a Sale & Lease Back mechanism. Muzn Islamic Banking purchases your home, settles the outstanding dues to the conventional bank, and leases the property back to you under an agreed plan.
Iskan Home Financing
We also support eligible customers availing Iskan Home Financing in collaboration with the Oman Housing Bank, offering a Shari'a-compliant solution that caters to their needs.
Key Fact Statement (KFS)
We have prepared a Key Fact Statement that summarizes the core features of our home financing facility. This document provides concise, critical information to help you understand the product clearly and confidently.
Features
- Tenure up to 25 years for Home Financing and up to 10 years for Home Maintenance Finance
- Quick Processing approvals as fast as seven working days
- Up to 90% Financing of the property's market value or purchase price, whichever is higher
- Flexible financing tenure starting from just 1 year to suit your budget.
- Available to salaried Omani employees, entrepreneurs, and business owners.
- Joint Financing is available for first-degree relatives
- Enjoy Life and Property Takaful Insurance at competitive rates!
How to Apply
Visit your nearest Muzn Islamic Banking branch or call us at 24770001. Once your account is opened, you will receive a confirmation SMS.
