Step up a gear with Shari’a compliant auto financing
Muzn Islamic Banking makes it possible for you to own your dream car with complete peace of mind. Muzn provides Shari’a compliant Car Financing product duly approved by our distinguished Shari’a Supervisory Board. It offers an easy application process, fast processing and low monthly installments.
How Muzn Car Finance works?
The Car Finance Facility is based on the concept of Murabaha, where Muzn first purchases the car from the seller (dealer/or any 3rd party) at the customer's request and subsequently sells the car to the customer on a cost-plus-profit basis. The customer pays the sale price in installments.
Key Fact Statement (KFS)
Please find that we have designed the
Key Fact Statement that summarizes the main characteristics of the product. It is brief and limited to critical information that will support your understanding of the product.
Please find that we have designed the Key Fact Statement that summarizes the main characteristics of the product. It is brief and limited to critical information that will support your understanding of the product.
You will receive an SMS confirmation once your account is opened
Features
- Low security deposit
Purchase the car of your dream with a deposit as low as 20%. - Flexible tenures
With a minimum of one up to a maximum of ten years, choose a repayment schedule that suits you.
Benefits
- Muzn Car Financing is available to all residents of Oman between the ages of 21 and 60 with a minimum salary/income of OMR 500 per month.
- Financing for expatriates is also available.
- You will feel safer on the roads with car Takaful (insurance) facilities available at preferential rates.
How to Apply
We believe that banking should be made simple for everyone. Muzn Car Financing Facilities are open to Omani nationals and expatriates with a monthly salary of OMR 300 and above*. For more information, please visit the following branches or call 80077377.
Branches
Athaibah
South Azaiba
Way No: 244
Al Sahwa Towers
Building No: 2, Ground Floor,
Phone: 24527198
Mabellah
Al-Janobiah
Way no: 6901,
Building no: 15
Phone: 24452387
Sur
Near Sanaya Roundabout
Opposite Badr AlSamaa Poly Clinic
Phone: 25540726
Sohar
Al Waqaibah
Way No: 4803
Building No: 24
Block No: 2248
Phone: 26846692, 26846044, 26846118
Nizwa
Nizwa city
Firq area
Hay Alain Junction
Near Aldiyar Hotel
Phone: 25411241, 25411681
Salalah
Al Zaky Building
Opposite Souk AlMarkazi
Phone: 23291310
* Terms & conditions apply.
Disclaimer: All Muzn Islamic Banking products and services are approved by the Muzn Shari’a Supervisory Board and are subject to Muzn Islamic Banking’s terms and conditions and submission of acceptable documentation.
