Alizz Islamic Bank extends IFIN services in Danube Home

MUSCAT: Alizz Islamic Bank has extended ‘IFIN’ services for instant financing to all Danube Home branches spread in the Sultanate. Alizz Islamic Bank and IFIN had earlier partnered to launch ‘IFIN’ services in Danube Home’s Al Khuwair branch and now extends this service to all of the Danube Home branches in Oman.

The IFIN service is the first instant finance service launched by Alizz Islamic Bank in the Islamic banking sector, where it has become possible for customers to obtain financing for goods within ten minutes only. This service allows customers to instantly take home their desired goods such as furniture, luxuries, accessories, health and household appliances from the store having them financed for up to 120 months without the need of visiting any bank branch.

Customers whose salaries are deposited with Alizz Islamic bank, whether Omanis with salary of RO 350 or expatriate residents with a salary of RO 800, are eligible for the financing service.

In addition to this, with no down payment requirement, customers can finance 100 per cent of the value of the goods.

The extension of the IFIN service to other branches comes as part of the bank’s plans to provide a wide range of banking solutions designed with great care. The process of availing of finance has been simplified into a simple 10-minute process at the store’s checkout counter, where the customer will go through an online verification process and sign the finance contract following an immediate approval.