Sunday, 17 Jan 2021
Bank Nizwa, Oman’s first Islamic bank, and 4Home, the premium home furniture retailer, singed a memorandum of understanding (MoU) to provide Sharia’a-compliant financing services to customers looking for a rewarding furniture-buying experience.

Bank Nizwa and 4Home sign MoU for Sharia’a-compliant financing options

The MoU was signed by Sulaiman Hamed Salim al Harasi, head of Retail at 4Home, and Arif al Zaabi, AGM Retail Banking, Bank Nizwa. Zaabi stated, “We are often prepared to meet the evolving needs of our consumers. They can safe their brief-term commitments without having compromising their extended term economic targets and lead financially safe lifestyles in the method.

“Our host of solutions is tailored accordingly, being designed according to the Sharia’a concepts of Murabaha/Ijara.”

Harasi stated, “We are glad that our customers will be able to accrue the benefits from the products and services of Bank Nizwa and 4Home for their home needs.” 4Home, the brand was launched in March, owned by 1 the Oman’s furnishing group with 35 years of legacy, to cater to the wants of residence furnishings and furnishings in the sultanate.

The initial flagship 4Home showroom is opened at Madinat as Sultan Qaboos, beside Oasis mall with a show location of six,500sq m.

The second 4Home showroom of comparable stature would be opened this month at Al Hail (south) service road, beside Uthman bin Affan mosque.

Since inception, Bank Nizwa has been championing the development or Islamic finance, raising awareness about its rewards to communities across the sultanate. This has shaped and guided each and every aspect of Bank Nizwa’s operations.

Information Source: Muscat Daily

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