Muscat, Oman; July 21, 2014: Muzn Islamic Banking, which is a part of National Bank of Oman, has recently launched an exclusive Auto Financing promotion to help its customers purchase their car of choice. The offer, which will run up to September 25, 2014, is aimed to provide financial facilities to customers, who are looking to purchase a new vehicle at an attractive equivalent pricing of just 1.9% per annum.
The promotion, which was introduced to celebrate the Holy Month of Ramadan, will run across all Muzn branches in Athaibah, Mabellah and Sur. Muzn‘s Auto Finance product, based on Murabaha, has been approved by the distinguished Muzn Shari’a Board and Central Bank of Oman. In addition to the competitive rates and a flexible payment plan, the financing will be up to 80% of the vehicle value.
Mr. Yuzly Yusof, Head of Muzn Islamic Banking said: “For most people, purchasing a new car is a significant investment and is not only a lifestyle choice, but a necessity. We are therefore delighted to launch this exciting promotion that offers attractive and competitive rates for the financing of new cars during the Holy Month of Ramadan. We are dedicated to providing a range of hassle-free plans and convenient payment options which suit a range of individual needs.”
“Customers come to Muzn Islamic Banking because they want leading financial services and products which cater to their lifestyles and beliefs. By offering such competitive rates during this three month promotion, there has never been a better time for customers to purchase a car.”
National Bank of Oman opened its flagship Muzn Islamic Banking branch at A’Sahwa Towers, Athaibah North, in January 2013 and since then Muzn has opened two more branches in Mabellah and Sur. More branches are expected to open later this year across the Sultanate to serve all Islamic banking customers throughout Oman.
The Auto Financing promotion will continue for three months, until September 25, 2014, with the possibility to be extended.