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Maisarah introduces Ijarah financing product for corporate customers

The fastest growing Islamic banking service provider reiterated its commitment to cater to the needs and requirements of its retail and corporate customers across the Sultanate by expanding its diverse array of Shariah-compliant products and services

With its continued dedication and focus to enrich the customer’s experience for its corporate customers, Maisarah Islamic Banking Services has announced the launch of its term finance solution based on the concept of Ijarah. The fastest growing Islamic banking service provider reiterated its commitment to cater to the needs and requirements of its retail and corporate customers across the Sultanate by expanding its diverse array of Shariah-compliant products and services.

Fawaz Al Ojaili –Head of Corporate Banking at Maisarah Islamic Banking Services – highlighted the Islamic window’s efforts to provide a wide range of customised financial solutions to suit its customers’ needs and requirements, stating that new products and services will be launched as per the Islamic window’s strategic growth plan. “Under this scheme, we offer finance facility to help our business customers in meeting the medium to long term financing requirements. This product has been developed to add more convenience to our corporate customers, and it is based on the concept of Ijarah Muntahiyya Bittamleek, which is Lease contract where Maisarah purchases the fixed asset and lease it to the customer” he said.

Ijarah Finance product adds to the wide range of Shariah-compliant 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 including: Credit Card, home finance, auto finance, goods finance, personal finance, education finance, travel finance, Prize Account, savings account, current account, fixed deposit, Ameen term deposit, Call account, Working Capital finance, Inventory Finance, Transaction Finance, Murabaha finance, Wakalah Finance, Property, Equipment & 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.

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.

Source: https://www.zawya.com/mena/en/press-releases/story/Maisarah_introduces_Ijarah_financing_product_for_corporate_customers-ZAWYA20190826074914/