IFIN Instant Auto Finance

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Get Auto Finance within 10 Minutes with the new IFIN service from Alizz Islamic Bank

We at Alizz Islamic Bank are proud to help make your life hassle free and turn your Auto Finance application into a easy and instant process.

We take pride in helping you realize your dreams to purchase the car of your dreams and IFIN is designed to help you finance your vehicle instantly. Using the Islamic principle of 'Murabaha' you can purchase your dream car from us at the most competitive prices. The process of availing finance has been simplified into a simple 10-minute process at the showroom’s checkout counter, where the customer will go through an online verification process and sign the finance contract following an immediate approval.

Alizz Islamic Bank Auto Finance IFIN Services are currently available at the following car dealerships:

  • 80% finance of Vehicle value
  • Available to employed and self-employed individuals
  • Minimal Documentation: All you need is your ID card and Mobile number registered with the bank
  • Instant finance processing in the showroom without visiting the Alizz Islamic Bank branch
  • Finance up to an amount of OMR 30,000
  • Finance period up to 60 months

Our Auto Finance is based on the Shari'a principle of Murabaha. A contract that involves the sale of an item on a deferred basis. The bank purchases the car based on the customer's request & promise and then sells it to the customer at the cost plus the agreed profit rate, thus concluding the Murabaha Sale Contract. The car is delivered immediately and the payment is made through easy installments. The advantage is that you know the bank's profit mark-up and installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows for immediate possession & ownership of the vahicle.

  • Minimum Salary not less than OMR 350 for Omanis
  • Minimum age 18 Years old for Omanis

Approved by Shari'a Supervisory Board

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