Bank Nizwa signs MoU for Shari'ah compliant home finance
Bank Nizwa and SDIC signed a memorandum of understanding making Shari'ah compliant finance available on off-plan homes at a profit rate of 4.85 percent.
Bank Nizwa signed a memorandum of understanding with the Sustainable Development and Investment Company (SDIC) to offer Shari'ah compliant home finance for buyers at The Sustainable City, Yiti. The finance covers off-plan residential property while it is still under construction, at a profit rate of 4.85 percent.
SDIC is the joint venture between OMRAN Group and Diamond Developers responsible for delivering the community.
The source release does not carry a publication date on the page. It is dated here from the publisher's own metadata and from the announcements it references.
- Profit rate
- 4.85 percent
- Covers
- Off-plan residential property under construction
- Parties
- Bank Nizwa and Sustainable Development and Investment Company (SDIC)
We are indeed delighted to have signed this MoU with SDIC, the company responsible for developing the Sustainable City, Yiti, one of the region's most prominent urban development projects to embrace the principles of sustainability.
This signing comes as part of our continued commitment to work with our partners to provide superior services and reliable financing solutions to investors and customers of The Sustainable City, Yiti.
Primary source: Read the release on thesustainablecity.com
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