Latest news with #NBOMuznIslamicBanking
Mid East Info
24-04-2025
- Business
- Mid East Info
NBO Muzn Islamic Banking orouh Initiative with Three Strategic MOUs
24rd April 2025, Muscat – NBO Muzn Islamic Banking has announced signing Memorandums of Understanding (MOUs) with three leading real estate developers to facilitate Shari'a-compliant housing finance solutions for Omanis under Oman's national housing scheme. The agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Faisal Al Wahaibi, General Manager & Chief Retail and Digital Banking Officer at NBO, Mundhir Abdullah Al Hammadi, Chief Executive Officer of Al Daham Real Estate, Ahmed Hamed Al Sabhi, Chairman of Al Masa Real Estate, and Dr. Thomas Alexander- Chief Executive Officer of Adrak Developers, at NBO Head Office in Azaiba. The signings reflect Muzn Islamic Banking's commitment to enable affordable home ownership through strategic partnerships and Shari'a compliant financial solutions. The MOUs were signed with Al Masa Real Estate for the development of the Hayy Al Azm Project, with Al Daham Real Estate for the Hay Al Sumu Project, and with Adrak Developers LLC for two projects the Yenaier and Hai Al Naseem. These projects are part of integrated mixed-use developments under the Ministry of Housing and Urban Planning's Sorouh initiative. The initiative aims to support national housing policies by reducing land demand and offering eligible citizens high-quality, affordable residential alternatives. Salima Al Marzooqi, Assistant General Manager & Chief Islamic Banking Officer at NBO Muzn Islamic Banking commented, 'Our support for the Sorouh initiative reflects Muzn Islamic Banking's continued commitment to advancing national development goals. These partnerships aim to empowering citizens with housing solutions while adhering to our core values of trust, transparency and Shari'a compliance.' Through these partnerships, Muzn Islamic Banking will provide eligible Omani citizens with streamlined access to housing finance that is fully compliant with Shari'a principles. The agreements ensure the rights of all stakeholders, including the bank, developer and customer, are protected and offer a transparent structure to support end-to-end financing.
Zawya
24-04-2025
- Business
- Zawya
NBO Muzn Islamic Banking Sorouh initiative with three strategic MoUs
Muscat – NBO Muzn Islamic Banking has announced signing Memorandums of Understanding (MOUs) with three leading real estate developers to facilitate Shari'a-compliant housing finance solutions for Omanis under Oman's national housing scheme. The agreements were signed by Abdullah Zahran Al Hinai, Chief Executive Officer of NBO, Faisal Al Wahaibi, General Manager & Chief Retail and Digital Banking Officer at NBO, Mundhir Abdullah Al Hammadi, Chief Executive Officer of Al Daham Real Estate, Ahmed Hamed Al Sabhi, Chairman of Al Masa Real Estate, and Dr. Thomas Alexander- Chief Executive Officer of Adrak Developers, at NBO Head Office in Azaiba. The signings reflect Muzn Islamic Banking's commitment to enable affordable home ownership through strategic partnerships and Shari'a compliant financial solutions. The MOUs were signed with Al Masa Real Estate for the development of the Hayy Al Azm Project, with Al Daham Real Estate for the Hay Al Sumu Project, and with Adrak Developers LLC for two projects the Yenaier and Hai Al Naseem. These projects are part of integrated mixed-use developments under the Ministry of Housing and Urban Planning's Sorouh initiative. The initiative aims to support national housing policies by reducing land demand and offering eligible citizens high-quality, affordable residential alternatives. Salima Al Marzooqi, Assistant General Manager & Chief Islamic Banking Officer at NBO Muzn Islamic Banking commented, 'Our support for the Sorouh initiative reflects Muzn Islamic Banking's continued commitment to advancing national development goals. These partnerships aim to empowering citizens with housing solutions while adhering to our core values of trust, transparency and Shari'a compliance.' Through these partnerships, Muzn Islamic Banking will provide eligible Omani citizens with streamlined access to housing finance that is fully compliant with Shari'a principles. The agreements ensure the rights of all stakeholders, including the bank, developer and customer, are protected and offer a transparent structure to support end-to-end financing. For more information on Muzn's Islamic housing finance solutions, visit or call 24770001.
Mid East Info
15-04-2025
- Business
- Mid East Info
Muzn Offers Exclusive 50% Discount on talabat for Credit Cardholders - Middle East Business News and Information
15 April, 2025 Muscat: NBO Muzn Islamic Banking has announced that it offers its credit cardholders a 50% discount on talabat orders. This initiative, which will run until April 30th, 2025, enhances customer benefits while promoting hassle-free digital payments. With this campaign, Muzn Islamic Banking aims to provide added convenience to customers by encouraging streamlined digital transactions. Cardholders can enjoy effortless payments and instant savings when using their Muzn Islamic Banking Credit Card on the talabat app, ensuring a rewarding banking experience. Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer said, 'At Muzn Islamic Banking, we continuously strive to enhance our customers' financial experiences with meaningful and practical benefits. Our partnership with talabat reflects our commitment to providing seamless, value-driven banking solutions that cater to evolving customer needs.' Stephane Berton, Managing Director of talabat Oman said, 'We are excited to offer customers even greater value through the exclusive partnership with Muzn Islamic Banking. With a 50% discount on talabat orders, we aim to reward our loyal customers while ensuring seamless and convenient experiences.' The campaign promotes credit card usage, boosts customer engagement, and attracts new customers seeking additional advantages in their banking experience. By integrating value-driven digital payment options, Muzn Islamic Banking strengthens its position as a leading Islamic banking provider that prioritises customer satisfaction. To benefit from this offer, customers can use their Muzn Islamic Banking Credit Cards when placing orders on talabat. The discount is automatically applied upon payment, ensuring a smooth and effortless experience. For more details on Muzn's exclusive talabat offer, visit the nearest Muzn Islamic Banking branch, explore digital banking channels, call 24770001 or visit
Zawya
25-03-2025
- Business
- Zawya
NBO Muzn Islamic Banking offers exclusive annual fee waiver for new credit card customers
Muscat – NBO Muzn Islamic Banking has announced a waiver of the first-year annual fee for new credit card applicants. The offer, valid from March 1st to April 30th, 2025, requires applicants to activate their card and complete at least one transaction within one month of issuance to take advantage of this initiative. Salima Obaid Al Marzoqi, Assistant General Manager & Chief Islamic Banking Officer at NBO , said, "At Muzn Islamic Banking, we remain steadfast in our mission to provide Shari'ah-compliant financial solutions that empower individuals and businesses with innovative banking experiences. This endeavour reflects our dedication to supporting our customers with flexibility and accessibility. By offering this exclusive opportunity, we encourage responsible financial management." As part of its ongoing efforts to enhance customer engagement, Muzn Islamic Banking continues to deliver forward-thinking, ethical, and Shari'ah-compliant financial services, offering a wide range of accessible and transparent banking products. With a strong focus on customer-centricity and service excellence, Muzn Islamic Banking is committed to supporting financial well-being through tailored Islamic banking solutions that ensure customers benefit from seamless and ethical banking experiences. For more details or to apply for a Muzn Credit Card, visit the nearest Muzn Islamic Banking branch, explore digital banking channels, call 24770001, or visit
Mid East Info
12-03-2025
- Automotive
- Mid East Info
Muzn Islamic Banking Announces Exclusive Ramadhan Financing Offers - Middle East Business News and Information - mid-east.info
Muzn Islamic Banking Announces Exclusive Ramadhan Financing Offers 12 March 2025, Muscat: NBO Muzn Islamic Banking has announced the launch of special Ramadhan financing offers for Auto and Goods Financing, available from 1st March to 30th April 2025, offering Shari'ah-compliant financial solutions tailored to meet customers' needs and expectations. This exclusive financing opportunity allows customers to benefit from special profit rates across various tenures: 4.75% for Auto and Goods Financing under two years, 5.25% for three to five years, and 5.45% for five to ten years. These limited-time offers are designed to cater to both existing and new customers, reinforcing Muzn Islamic Banking's dedication to financial inclusion and customer-centric banking. Commenting on the offer, Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at NBO- said: 'At Muzn Islamic Banking, we prioritise financial empowerment through Shari'ah-compliant solutions that align with our customers' expectations. With these special Ramadhan offers, we are making it easier for individuals to access hassle-free financing options that support their personal and financial growth while ensuring transparency in every transaction.' By providing competitive profit rates and easier access to financing, Muzn Islamic Banking continues to uphold its vision of delivering trusted Shari'ah-compliant financial services that uphold Islamic banking principles.
