Central to its strive to provide the best Islamic banking solutions for corporate and retail customers, Maisarah Islamic Banking Services, introduced Commercial Finance product for entrepreneurs who aspire to grow their business.
Elaborating on the product Kamal Hassan AL Maraza, Chief Maisarah Islamic Banking Officer said: "Maisarah provides the best in class Sharia compliant financing solutions. Commercial Finance enables customers to fulfil their dream of owning a successful business, by providing them the opportunity to purchase commercial goods, real estate, equipment, commercial vehicles and more, with financing period of up to 15 years or more based on regulatory and bank policy decisions."
The Commercial Finance product adds to the diverse range of Shariah-compliant financial solutions, innovative products and best-in-class services that Maisarah offers to cater to the needs of its retail and corporate customers. With fast and easy approval with simple documentation, the product provides finance amount of up to OMR 500,000 with financing period of up to 15 years or more. Customers within the age range between 18 years and 60 years are eligible for the financing. Furthermore, it provides additional income stream for salaried Omani nationals at attractive profit rates.
Maisarah is a full-service provider of a broad range of Sharia-compliant financial products and solutions. Maisarah maintains a complete segregation of business activities in order to provide Sharia compliant financial services to its valued customers. As a part of its strategy, the Islamic banking window has maintained high standards of corporate governance, research and development, corporate social responsibility and customer service that have helped in winning various awards in local and international markets.