Land Finance

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Buy a land to build your dream home with Land Finance from Alizz Islamic Bank

We understand how important it is for you to own a piece of land and build your home as it provides the security you need for your family. Alizz Islamic Bank, based on the Sharia’a concept of Diminishing Musharaka, offers quick and hassle-free solutions designed to help lighten one of your most demanding commitments. Now you can fulfill your responsibility to your loved ones, and stay true to your values

  • Easy processing & simple documentation
  • Up to 25 years financing options
  • Finance up to 80% of land value
  • Available for residential lands
  • Available to salaried individuals only
  • Minimum salary transfer of OMR 350 for Government and Private Sector Employees

Our Land Finance is based on the Shari’a concept of ‘Diminishing Musharaka’.

Under the scheme, Alizz Islamic Bank will enter into a Diminishing Musharaka Agreement with the customer, whereby; each party contributes into the Musharaka Capital with a certain percentage to acquire the land jointly. The bank’s and the customer's common portions in the Musharaka asset shall be divided into equal shares.

The customer shall purchase shares of bank's portion from time to time by paying the sale price in installments. Accordingly, at the maturity of the Musharaka, the Bank's portion in the land shall transfer to the customer, thereupon; the customer shall be deemed the sole owner of the land.

Approved by Shari'a Supervisory Board

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