Alizz Islamic Bank Offers Travel Now, Pay Later Plan Without Salary Transfer

Travel Now, Pay Later Travel Model

The Pay Later travel finance offer from Alizz Islamic Bank is designed to provide easy and affordable travel options for both Omanis and resident expatriates. With a grace period of 2 months and the ability to use post-dated cheques (PDCs) for payments, this offer ensures that your dream vacation is within reach without immediate financial strain.

Flexible Financing for All

One of the standout features of this travel finance offer is its accessibility. The offer covers 100% of the travel service value and is available to both salaried and non-salaried customers. With a maximum finance amount of 10,000 OMR, you can plan a comprehensive and luxurious trip without worrying about upfront costs. The financing is available at a competitive profit rate with a maximum repayment period of 2 years, providing ample time to manage repayments comfortably.

Simple and Swift Process

Applying for this travel finance is straightforward. Customers need to visit any travel agency, obtain a quotation for their desired trip, and submit it to any branch of Alizz Islamic Bank. The bank’s team ensures a swift approval process, allowing customers to proceed with their travel plans without delay.

Shari’a-Compliant Financing

Alizz Islamic Bank’s travel finance is based on the Shari’a principle of ‘Service Ijarah,’ which is approved by the bank’s Shari’a Supervisory Board (SSB). This ensures that the financing is not only ethical but also aligned with Islamic banking principles. The bank agrees with the service provider, purchasing the services required by the customer directly and sub-leasing them to the customer, ensuring a seamless and Shari’a-compliant transaction.

Meeting Diverse Needs

Mr. Saif Al Barwani, Head of Retail Products at Alizz Islamic Bank, emphasized the bank’s commitment to providing unique and beneficial experiences for its customers. “At Alizz Islamic Bank, we strive to offer innovative solutions that meet the diverse needs of our customers. Our Pay Later travel finance campaign is designed to support families during the travel season, making us the first choice for those seeking Shari’a-compliant banking solutions.”

Beyond Travel

While the current offer focuses on travel, Alizz Islamic Bank’s Service Ijarah financing extends to other areas as well. Customers can utilize this financing for various needs, including medical expenses, school fees, marriage expenses, and more. This flexibility ensures that customers have the financial support they need for a wide range of services at competitive rates.

With Alizz Islamic Bank’s Pay Later travel finance offer, planning your summer vacation has never been easier. Enjoy the flexibility of paying later with competitive rates and a straightforward application process. Whether you are dreaming of a relaxing beach holiday or an adventurous trek, this offer provides the financial freedom to make your travel dreams a reality.