Oman-based Alizz Islamic Bank has entered into a cooperation agreement with urban development company Takween Development to provide home purchase finance options to various segments of the society.
The agreement was signed by Mohammad Al Ghassani, Assistant General Manager and Acting Chief Consumer Banking Officer at Alizz Islamic Bank and Saif bin Sulaiman Al Rashdi, Chairman of Takween Development, in the presence of a number of officials from both institutions.
Under the agreement, Alizz Islamic Bank will offer home financing solutions for those wishing to buy homes at the Al Hail Views project in Al Hail Al Shimaliya which is being developed by Takween.
The signing of the agreement comes within the strategy of Alizz Islamic Bank to provide banking services and financing facilities that are in accordance with the principles of Islamic Sharia, whether for individuals, institutions or companies in various fields and sectors.
Commenting on the signing, Al Ghassani said, the agreement will be a starting point for establishing a strong business relationship between both entities and it will provide an unparalleled experience for the customers.
“This agreement will give us a platform to provide finance options that are compatible with the provisions and principles of Islamic law for those who wish to buy apartments and shops in the Al Hail Views project in Al-Hail Al-Shimaliya. This comes in line with our strategy to provide all facilities to customers as well as support projects which boost tourism and local development in the country.”
“This fruitful cooperation with Alizz Islamic Bank will provide the opportunity for buyers to finance their housing in a manner that is compatible with the provisions and principles of Islamic Sharia. There is no doubt that this project will contribute to achieving many goals, advantages and benefits that will appeal to many, especially the youth,” Al Rashdi, said.
The Al Hail Views project includes 91 residential units and consists of eight commercial units and the project combines luxury apartments and high-level facilities which create an ideal haven for individuals, couples and families.