The first and most trusted Islamic bank in
Oman, Bank Nizwa, has partnered with the Ministry of Housing and Urban Planning
to offer attractive financing options to customers eligible to purchase
properties in the premium Hai Al Naseem Housing Project in Barka, which falls
under the ‘Surouh’ initiative. The Ministry of Housing and Urban Planning has
implemented a national initiative to make affordable housing available to all
citizens in line with Vision 2040.
Mr. Khaled Al Kayed, the Chief Executive
Officer of Bank Nizwa and His Excellency Eng. Hamad bin Ali Al Nazwani,
Undersecretary of the Ministry of Housing and Urban Planning, signed the
agreement in the presence of several senior officials from both entities.
This agreement will enable customers to own
modern homes with unique specifications at Hai Al Naseem for a reduced price
and with a competitive profit rate. In partnership with various government
agencies and development projects, Bank Nizwa continues to provide innovative
financial solutions and banking products. These offerings consider customers'
evolving needs and keep up with their aspirations.
Khaled Al Kayed stressed the importance of
concluding such agreements to strengthen the local economy, saying, "Bank
Nizwa is committed to supporting national initiatives in collaboration with the
government to achieve the goals for urban development in line with the Oman
Vision 2040. We at Bank Nizwa are honoured to contribute to this initiative's
success, which will be crucial to achieving social and family stability. This
agreement aligns with the bank's strategy to support and finance various
institutions. We are committed to maintaining our support to meet the
requirements of the next stage. Bank Nizwa will continue backing a multitude of
projects in the Sultanate that enhance the local economy. Furthermore, we have
adopted many initiatives that address social issues and have established
ourselves as a financing company that is transparent, flexible, reliable and
complies with Islamic principles."
In its capacity as the Sultanate's first
Islamic bank, Bank Nizwa has always worked to improve the socio-economic
landscape, cooperating directly or indirectly with numerous institutions to
finance critical national projects. Aside from that, it has supported small and
medium-sized businesses that positively and sustainably impact the country.