Home Finance (Buy)

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We at Alizz Islamic Bank are proud to help you turn your dream home into reality with our Home Finance. We take pride in helping you realize your dreams to buy your own home with Shari'a compliant financing that gives you a host of benefits.

  • Open to Omanis & Expatriates
  • Easy processing & simple documentation
  • Up to 25 years financing options
  • Finance up to 80% of property value
  • Applicable for ready & fully constructed properties
  • Maximum finance amount of OMR 450,000
  • Minimum salary transfer of OMR 350 for Government employees and OMR 350 for employees of private companies.
  • Available to employed and self-employed individuals.

Our Home Finance is based on the Shari'a principle of 'Ijarah'. In this contract, the customer is given the right to use or lease the property for a period of time; the owner retains the ownership of the assets. Under Ijarah home financing, Alizz Islamic Bank buys the property from the developer/seller and leases it out to the customer with a promise to sell at the end of the lease term.

Our Home Finance is also based on the Shari'a principle of Diminisging Musharaka”. Under the concept of Musharaka, the customer can avail financing for ready property. The Bank and the customers will jointly purchase and own the property. The Bank gives the customer the flexibility to register the property in its name as well.

  • No Objection Letter
  • Salary Transfer Letter to be addressed to Alizz Islamic Bank
  • Salary Certificate (Gross Salary & Date of Joining)
  • Outstanding letters addressed to Alizz Islamic Bank
  • Pay Slip of 4 Months (If available)
  • Stamped bank statement of last 6 months

Click here for additional required documents

Terms & Conditions Apply

Click on the relevant links below to print the forms that you require. For your convenience, these forms are to be completed and submitted prior to visiting the Branch, along with the relevant documents for further processing.

Download Form

Approved by Shari'a Supervisory Board

All Alizz Islamic Bank products and services are approved by Shari'a Supervisory Board.

To view the fatwa issued by Shari'a Supervisory Board authenticating compliance of the product please check the following link: Certificate