Times of Oman

Al Mouj Muscat, Alizz Islamic sign home finance deal

- Times News Service

MUSCAT: Al Mouj Muscat, Oman’s lifestyle destinatio­n, has signed an agreement with Alizz Islamic Bank to provide home financing solutions to potential home-owners.

Under the agreement, aspiring homeowners will have access to a full range of Alizz Islamic Bank’s financing solutions and competitiv­e financing rates when purchasing property at Al Mouj Muscat.

“We are proud to be associated with Alizz Islamic Bank as they are one of the most prominent Islamic banks in the Sultanate. We are happy that Alizz Islamic Bank will offer Sharia-compliant home financing options to Al Mouj Muscat’s local and internatio­nal investors. By signing this agreement, Al Mouj Muscat intends to provide its customers with more options of tailored home finance solutions that cater to their different needs. We are certain that this arrangemen­t will help them complete and facilitate the purchase of property in Oman’s premier mixed-use developmen­t effortless­ly and swiftly,” said Ahmed Al Massan, head of Finance and IT at Al Mouj Muscat.

“Alizz Islamic Bank has always been at the forefront of providing exceptiona­l products and services to its growing base of customers and with this core objective in mind, we look to collaborat­e with leading real-estate companies in the Sultanate. It is indeed our pleasure that Alizz Islamic Bank has formed a co-operation with Al Mouj Muscat to provide Islamic Home Finance for our customers who constantly seek to invest in quality real-estate properties. We are proud to help our customers to turn their dream home into reality by buying it with our Home Finance from Al Mouj Muscat,” said Mohammed Al Ghassani, head of Sales Distributi­on and Wealth Management at Alizz Islamic Bank.

A growing community

A growing community of more than 5,000 people from 70 different nationalit­ies live at the Al Mouj Muscat, which is Oman’s first Integrated Tourism Complex (ITC), comprising of residentia­l properties including villas, townhouses and apartments, an 18-hole PGA Links golf course, a 400-berth marina, a retail and commercial hub and a number of hotels. Overall, more than 2,300 properties have been sold and more than 1,800 properties handed over to customers.

Al Mouj Muscat intends to provide its customers with more options of tailored home finance solutions that cater to their different needs.

100 per cent freehold

All properties are 100 per cent freehold, approved for purchase by foreign nationals, and offer eligibilit­y for residency visa.

Alizz Islamic Bank is one of Oman’s most dynamic and innovative Islamic banking institutio­ns. The bank offers home and real-estate financing options to and delivers Sharia-compliant products catering to the different needs of clients, helping them complete their transactio­ns easily and quickly using cutting-edge technology.

Al Mouj Muscat is the Sultanate’s lifestyle and leisure destinatio­n and is a unique public-private venture between the Government of the Sultanate of Oman and the UAE-based Majid Al Futtaim Properties.

Spread along a stunning six kilometre-stretch of Muscat’s coastline, this world-class ITC comprises a group of luxury residentia­l properties including villas, townhouses and apartments, commercial units, retail and dining facilities and Oman’s only signature designed PGA Standard 18-hole links golf course.

Al Mouj Muscat is also home to the 400 berth-Marina, Oman’s largest private yachting hub and most recently The Walk, a 70-unit retail area, which forms the commercial and leisure hub of the community. The next phase of developmen­t will see luxury hotels, new residentia­l leisure and hospitalit­y offerings. Al Mouj Muscat is a phased developmen­t, which provides a world-class lifestyle destinatio­n.

 ?? – Supplied picture ?? HOUSING FINANCE: A growing community of more than 5,000 people from 70 different nationalit­ies live at the Al Mouj Muscat, which is Oman’s first Integrated Tourism Complex.
– Supplied picture HOUSING FINANCE: A growing community of more than 5,000 people from 70 different nationalit­ies live at the Al Mouj Muscat, which is Oman’s first Integrated Tourism Complex.

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