Alizz Islamic Bank announced the launch of a travel finance offer to help 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). This offer is effective from the 3rd of June 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 Barwani, Head of Retail Products at Alizz Islamic Bank said “At Alizz Islamic Bank we are keen to ensure that our customers have a unique experience through the various benefits and facilities that we constantly launch. The summer travel finance campaign was designed to meet the needs of our customers and their families during the upcoming travel season and our team has worked diligently to make Alizz Islamic Bank the first option for the those seeking Shari’a compliant banking solutions.”
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, marriage expenses or any other services, at the most competitive prices.
With ‘Service Ijarah’, the bank will have an ‘agreement’ with the service provider, whereby the bank purchases the services required by the customer directly from the service provider and sub-leases it to the customer.
