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· The new solution adds to the diverse range of Islamic banking products offered by Maisarah.
· The product is available for Omani nationals and expats with flexible finance period of up to 03 years.
Muscat - Adding to its wide range of financial solutions, Maisarah Islamic Banking Services of BankDhofar has announced the debut of its Travel Finance facility that is tailored to fulfil the needs of customers who wish to avail Shariah-compliant travel solutions.
Elaborating on the newly launched product, Jamsheed Hamza - Executive Manager and Head of Retail at Maisarah Islamic Banking Services - said: "Under this product, Maisarah finances all costs of traveling, including transportation (flights, ferries, railways, buses, car rentals etc.) and accommodation (hotels, apartments, chalets, lodges, cottages, holiday homes). The facility also covers tourism packages (sightseeing trips, tickets to museums, historical places) in addition to Hajj and Umrah packages with all the services offered by travel agents such as accommodation, transportation, food, etc. Similarly, those who are travelling for health tourism, which are packaged through travel agencies, can also avail this facility. Moreover, the finance package includes Life Takaful and Travel Takaful."
Maisarah's Travel Finance now gives customers the flexibility to avail better packages and destinations as well as the capability to take extended family members for the trip. The Islamic banking services provider is committed to cater to the needs and requirements of its retail and corporate customers across the Sultanate by expanding its diverse array of customised Shariah-compliant products and services.
"This product has been developed to add more convenience to our customers and help them finance their travel costs in a Shariah compliant manner. It is based on the Islamic financial principle of Service Ijarah where Maisarah purchases the services and leases them to customers. The product is available for Omani nationals and expatriates with valid residence visa as per the regulator's terms and conditions. It is a very easy and convenient facility with the fast approval, simple process and flexible finance period of up to three years," he said.
The Travel Finance facility adds to the wide range of Islamic financial solutions, innovative products and best-in-class services that Maisarah offers to cater to the needs of its retail and corporate customers. These solutions include: credit card, home finance, auto finance, goods finance, personal finance, education finance, transactional finance, prize account, savings account, current account, fixed deposit, Ameen term deposit, call account, working capital finance, goods finance, property finance, equipment and project finance, Wa'ad product (alternate to forward cover), as well as trade financing solutions such as letter of credit and letter of guarantee services.
To further enrich its customer experience, Maisarah celebrated the inauguration of five new branches this year, bringing the total number of the Islamic banking window branches to 10 branches that are strategically located in major cities across Oman. As part of its future growth plan, the Islamic banking service provider plans to distinguish itself by focusing on prominent customer service, developing and launching new products, and investing in technology to provide the best customer experience in timely and convenient manner.
More information on the diverse range of Shariah-compliant products and services is available at Maisarah's official website www.maisarah-oman.com or through 24/7 call centre services on (+968) 24775777.
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© Press Release 2016
