Bank Nizwa, Oman’s first fully Shari’ah-compliant bank, launched its Islamic auto finance product on 9 February. The auto finance is a Murabaha-based contract.
In a statement from the bank, Tariq al Farsi, general manager, retail and private banking, Bank Nizwa said, “Our customers are showing interest in our Shari’ah-compliant products and services. Our auto-finance product offers customers the opportunity to choose a car to suit their lifestyles, and we at Bank Nizwa endeavour to exceed their expectations.”……………………………………….Full Article: Source