Najahi financing products and services

and the risk management framework needed for building a strong SME lending franchise for Bank Muscat Najahi, which is rapidly creating sustainable growth and development across all governorates of Oman.

Speaking about the landmark development in micro and smallbusiness financing, Suleiman Hamed al Harthi, Group Chief Personal Banking Officer, Bank Muscat, said, “Facilitating finantates a range of short-term and long-term credit facilities for entrepreneurs working on their dream plans.

Najahi offers a range of products to micro and small businesses including loans, current accounts, credit cards and debit cards. Young Omani entrepreneurs can use the flagship Najahi Flexi Loan to take a loan that can be repaid in monthly installments up to a maximum tenure of 36 months. As an innovative adaptation, Najahi customers have the flexibility of availing the loan through a credit card also.

Another pioneering financing scheme is the POS Receivable Finance, a loan product in which the loan eligibility is based on the transactions done in the merchant’s POS machine. For SMEs

Non-financial support

In addition to financial products and services, Najahi also provides non-financial but highly essential and supportive services to SMEs. The recently started monthly knowledge-sharing ‘Najahi Talks’, which provides a platform for SMEs to hear and learn from the experiences of other successful businesses is now conducted each month across different locations. Very importantly, the platform is available for entrepreneurs who are based outside the main commercial and business centres in Oman.