Latest news with #MuznIslamicBanking
Zawya
15-07-2025
- Business
- Zawya
NBO Muzn Islamic Banking facilitates easier travel plans with Travel Finance
Muscat: NBO Muzn Islamic Banking has made travel easier and more convenient this summer with its Shari'ah-compliant Travel Finance solution, designed for customers planning to travel to any destination worldwide. Available to both existing and new customers, the Muzn Islamic Banking's Travel Finance provides comprehensive financing for all travel-related expenses including flights, accommodation, meals, airport transfers, excursions and sightseeing. Customers can select their preferred travel agency, request a quotation, and submit it to their nearest Muzn Islamic Banking branch to initiate the financing process. Commenting on this offer, Salima Obaid Al Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at NBO, said, "As a trusted Islamic banking partner, we recognise the importance of creating financial solutions that align with our customers' evolving lifestyles. This offering is part of our effort to make travel easier and more accessible this summer, while reinforcing our commitment to flexible, value-driven options that meet our customers' needs and expectations.' The solution also offers easy payment options and competitive profit rates starting from 5.25 percent, giving customers the freedom to plan their holidays without financial strain. For more details, visit or call 24770001.
Mid East Info
10-06-2025
- Business
- Mid East Info
NBO's Muzn Islamic Banking Collaborates with OHB on Home Financing Offer with Added Credit Card Benefit - Middle East Business News and Information
Muscat: The National Bank of Oman's (NBO) Muzn Islamic Banking has partnered with Oman Housing Bank (OHB) to offer customers a home financing opportunity to support their homeownership aspirations. As part of the collaboration, customers who apply for Iskan Home Financing through OHB and select Muzn Islamic Banking will receive a complimentary Muzn Credit Card upon request with the first-year annual fee waived. Available until 30 June 2025, this limited-time offer supports homeowners by providing accessible, value-driven financing solutions. The offer combines subsidised financing under OHB's Iskan initiative and Muzn Islamic Banking Shari'a-compliant Credit Card, blending affordability with convenience and ethical banking benefits. This also enables new homeowners to conveniently finance essential home-related purchases such as appliances, furniture and other setup costs, supporting a smoother transition into their new homes. Commenting on the partnership, Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at Muzn, said: 'We are pleased to collaborate with OHB to support families on their homeownership journey. This initiative enables customers to benefit from OHB's subsidised Iskan Financing Programme while experiencing the Shari'a-compliant value-added services and high standards of Muzn Islamic Banking's financial offerings.' To ensure a seamless and rewarding banking experience, customers can select Muzn Islamic Banking on the Iskan digital platform when applying for home financing. Once approved, eligible applicants may request a Muzn Credit Card, which will be issued with the first-year annual fee waived. This initiative reflects Muzn Islamic Banking's ongoing efforts to deliver responsible financial solutions that are tailored to the needs of today's customers. By working with Oman Housing Bank, Muzn Islamic Banking continues to support government efforts in housing development while strengthening its commitment to Shari'a-compliant, customer-first banking.
Mid East Info
26-05-2025
- Business
- Mid East Info
Muzn Islamic Banking Strengthens Support for Oman's Housing Vision through Developer Partnerships - Middle East Business News and Information
26 May 2025, Muscat: NBO Muzn Islamic Banking has announced the signing of two Memoranda of Understanding (MOUs) with Sohar Real Estate Development LLC to support the Hai Majd Project and Zain Property Development LLC to support Husn Al Zain Project. The agreements enable Muzn Islamic Banking to provide Shari'a-compliant home financing solutions to eligible customers purchasing properties developed under the Sorouh Initiative for Integrated Residential Neighbourhoods. Formalised by officials from the Ministry of Housing and Urban Planning, the National Bank of Oman (NBO), and the respective developers; the agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Mahmood Al Mandhari, CEO of Sohar Real Estate Development LLC, and Mish'al Al Raisi, Managing Director of Zain Property Development LLC. Commenting on the agreements, Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at NBO, stated, 'These partnerships mark a significant milestone in our efforts to deliver accessible, Shari'a-compliant housing solutions. Muzn Islamic Banking is committed to empower individuals and families across Oman with ethical financing options that align with their values. Through our collaboration with trusted developers and MOHUP, we are proud to support the government's vision of sustainable urban communities.' The Sorouh Initiative, spearheaded by the Ministry of Housing and Urban Planning, aims to provide integrated residential communities across Oman through partnerships with the private sector. Muzn Islamic Banking's role in this initiative underscores its ongoing support for national development priorities and its focus on delivering innovative Islamic financial products and services.
Zawya
26-05-2025
- Business
- Zawya
Muzn Islamic Banking strengthens support for Oman's housing vision through developer partnerships
Muscat: NBO Muzn Islamic Banking has announced the signing of two Memoranda of Understanding (MOUs) with Sohar Real Estate Development LLC to support the Hai Majd Project and Zain Property Development LLC to support Husn Al Zain Project. The agreements enable Muzn Islamic Banking to provide Shari'a-compliant home financing solutions to eligible customers purchasing properties developed under the Sorouh Initiative for Integrated Residential Neighbourhoods. Formalised by officials from the Ministry of Housing and Urban Planning, the National Bank of Oman (NBO), and the respective developers; the agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Mahmood Al Mandhari, CEO of Sohar Real Estate Development LLC, and Mish'al Al Raisi, Managing Director of Zain Property Development LLC. Commenting on the agreements, Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at NBO, stated, 'These partnerships mark a significant milestone in our efforts to deliver accessible, Shari'a-compliant housing solutions. Muzn Islamic Banking is committed to empower individuals and families across Oman with ethical financing options that align with their values. Through our collaboration with trusted developers and MOHUP, we are proud to support the government's vision of sustainable urban communities.' The Sorouh Initiative, spearheaded by the Ministry of Housing and Urban Planning, aims to provide integrated residential communities across Oman through partnerships with the private sector. Muzn Islamic Banking's role in this initiative underscores its ongoing support for national development priorities and its focus on delivering innovative Islamic financial products and services. For more information on Muzn Islamic Banking home financing solutions, customers can contact Muzn Islamic Banking customer service at 24770001 or visit
Mid East Info
24-04-2025
- Business
- Mid East Info
NBO Muzn Islamic Banking orouh Initiative with Three Strategic MOUs
24rd April 2025, Muscat – NBO Muzn Islamic Banking has announced signing Memorandums of Understanding (MOUs) with three leading real estate developers to facilitate Shari'a-compliant housing finance solutions for Omanis under Oman's national housing scheme. The agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Faisal Al Wahaibi, General Manager & Chief Retail and Digital Banking Officer at NBO, Mundhir Abdullah Al Hammadi, Chief Executive Officer of Al Daham Real Estate, Ahmed Hamed Al Sabhi, Chairman of Al Masa Real Estate, and Dr. Thomas Alexander- Chief Executive Officer of Adrak Developers, at NBO Head Office in Azaiba. The signings reflect Muzn Islamic Banking's commitment to enable affordable home ownership through strategic partnerships and Shari'a compliant financial solutions. The MOUs were signed with Al Masa Real Estate for the development of the Hayy Al Azm Project, with Al Daham Real Estate for the Hay Al Sumu Project, and with Adrak Developers LLC for two projects the Yenaier and Hai Al Naseem. These projects are part of integrated mixed-use developments under the Ministry of Housing and Urban Planning's Sorouh initiative. The initiative aims to support national housing policies by reducing land demand and offering eligible citizens high-quality, affordable residential alternatives. Salima Al Marzooqi, Assistant General Manager & Chief Islamic Banking Officer at NBO Muzn Islamic Banking commented, 'Our support for the Sorouh initiative reflects Muzn Islamic Banking's continued commitment to advancing national development goals. These partnerships aim to empowering citizens with housing solutions while adhering to our core values of trust, transparency and Shari'a compliance.' Through these partnerships, Muzn Islamic Banking will provide eligible Omani citizens with streamlined access to housing finance that is fully compliant with Shari'a principles. The agreements ensure the rights of all stakeholders, including the bank, developer and customer, are protected and offer a transparent structure to support end-to-end financing.
