Meethaq Home Financing

Whether y​​ou are looking to buy a house or want to construct one, meethaq’s home finance (musharaka) solutions will help you live your dreams

Features:
  • Shari'a compliant solutions​
  • Financing up to 80% of the property value
  • Lower payments and longer financing tenure of up to 25 years
  • Finance for purchase, construction and mortgage finance facility takeover for all residential properties
  • Joint financing facility option available
  • Easy, convenient and quick approval process
  • Flexibility to avail and service the finance through the largest integrated branch network offered by meethaq
  • Takaful Coverage for Life & Property (where the finance amount/outstanding is cover in event of death or total disability and property cover in event of Fire and natural disaster)
  • Option to select from a wide range of properties from reputed developers pre-approved by meethaq
  • Pensioners can also avail Home Finance by assigning Pension to the Bank.
  • All fees and charges will be applicable for Pensioner unless stated otherwise.
  • Pensioners do not have to pay partial or pre-payment fees.
  • The customer may obtain the life and property takaful policy required under this Finance independently or, through the Bank, via the Bank’s takaful partner.
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits.
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions are laid out in the Finance Agreement.

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Any Omani national or resident expatriate, with a minimum monthly salary of RO 250 and RO. 750 respectively, can avail Meethaq home finance solutions.
  • The eligibility for the Finance is based on the age, salary, employer type, indebtedness of the applicant.
Documents Required:
  • Copy of national identity card for Omanis and copies of resident card & passport with visa page, for resident expatriates.
  • Two photographs of the applicant.
  • Salary transfer letter in favor of Meethaq Islamic banking - Bank Muscat.
  • Declaration of other liability (if any).
  • Valuation report/copy of mulkiya (title deed) and krooki.
  • Address proof (water, electricity bills etc.).
  • Valuation report, copy of Mulkiya (Title Deed) and Krooki.
  • Sales and Purchase agreement - for purchase.
  • Consultancy letter and Contractor agreement - for Construction.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:


Fees & Charges ​​​

Meethaq Auto Financing

Cruise ahead with meethaq auto financing solutions, the most popular shari'a-compliant car financing solution in Oman

Features:
  • Based on the concept of murabaha
  • Finance of up to 80% of the auto’s value
  • Lower payments and longer financing tenure of up to 10 years
  • Less processing fee
  • Easy, convenient and quick approval process with minimal documentatio
  • Takaful Coverage for Life  (where the finance amount/outstanding is cover in event of death or total disability )​
  • Flexibility to avail and service the finance through the largest integrated branch network offered by meethaq in Oman
  • The eligibility for the Finance is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Auto Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioners unless stated otherwise
  • Pensioners do not have to pay pre-payment fees
  • The customer may obtain the life and property takaful policy as required under this Finance independently or, through the Bank, via the Bank’s takaful partner
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions are laid out in the Finance Agreement

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Any Omani national or resident expatriate, with a minimum monthly salary of RO 250 and RO 300, respectively, can avail meethaq car finance solution.
Documents Required:
  • Copy of national identity card for Omanis and copies of resident card & passport with visa page, for resident expatriates.
  • Valid Omani driving license.
  • Salary transfer letter in favor of Meethaq Islamic banking - Bank Muscat.
  • Declaration of other liability (if any).
  • Address proof (water bill, electricity bill or mulkiya copy).
  • Quotation of the car, in joint name of meethaq and the customer.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges

Meethaq Soyoula Personal Finance

Meethaq soyoula personal finance product is designed to take over your personal finance facility from other banks

Features:
  • Shari'a compliant solutions
  • Financing up to RO 150,000, depending on the eligibility
  • Competitive profit rates and lower payments
  • Option for a longer financing tenure of up to 10 years
  • Financing for a defined purpose
  • Easy, convenient and quick approval process
  • Takaful Coverage for Life & Property (where the finance amount/outstanding is cover in event of death or total disability and property cover in event of Fire and natural dissaster)
  • Flexibility to avail and service the finance through the largest integrated branch network offered by meethaq in oman
  • The eligibility for the Personal Finance Takeover is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioners unless stated otherwise
  • Pensioners do not have to pay pre-payment fees
  • The customer may obtain the life and property Takaful policy required under this Finance independently or, through the Bank, via the Bank’s Takaful partner
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions as laid out in the Finance Agreement

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Any Omani national or a resident expatriate with a minimum monthly salary of RO 300 and RO 500 respectively can avail meethaq soyoula personal finance facility.
Documents Required:
  • Copy of national identity card for Omanis and copies of resident card & passport with visa page, for resident expatriates.
  • Two photographs of the applicant.
  • Salary transfer letter in favor of Meethaq Islamic banking - Bank Muscat.
  • Declaration of other liability (if any).
  • Valuaiton report, Copy of mulkiya and Krooki.
  • Proof of address (water bill, electricity bill, etc,).
  • Any other document required by the bank to process the application.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges ​​

Meethaq Personal Goods Finance

Buy and acquire a variety of goods with meethaq personal goods finance, which offers competitive options and flexibility with conformity to Islamic Shari'ah

Features:
  • Up to 100% financing option
  • Easy installment plan
  • Competitive pricing
  • Takaful Coverage for Life  (where the finance amount/outstanding is cover in event of death or total disability )
  • Services from the best consumer retailers across the Sultanate. Click here to view vendors list.
  • The eligibility for the Personal Goods Finance is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Personal Goods Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioners unless stated otherwise
  • Pensioners do not have to pay pre-payment fees
  • The customer may obtain the life and property takaful policy required under this Finance independently or, through the Bank, via the Bank’s takaful partner.
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits.
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions are laid out in the Finance Agreement.

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Any Omani national or a resident expatriate with a minimum monthly salary of RO 250 and RO 300 respectively can avail meethaq personal goods finance facility.
Documents Required:
  • Copy of national identity card for omanis and copies of resident card & passport with visa page, for resident expatriates.
  • Salary transfer letter in favor of Meethaq Islamic banking - Bank muscat.
  • Declaration of other liability (if any).
  • Address proof (water bill, electricity bill etc.).
  • Goods quotation from authorized vendors favoring meethaq Islamic banking.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges

*terms & conditions apply​

Meethaq Travel Finance

Make travelling for Hajj, Omrah, business trip or family vacation an absolute pleasure with meethaq travel finance

Features:
  • 100% tour financing facility
  • Easy installment plan
  • Competitive pricing
  • Takaful Coverage for Life  (where the finance amount/outstanding is cover in event of death or total disability )
  • Services from the best travel operators across the Sultanate. Click here to view vendors list.
  • The eligibility for the Travel Finance is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioners unless stated otherwise
  • Pensioners do not have to pay pre-payment fees
  • The customer may obtain the life and property Takaful policy required under this Finance independently or, through the Bank, via the Bank’s Takaful partner
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions as laid out in the Finance Agreement

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Any Omani national or a resident expatriate with a minimum* monthly salary of RO 250 can avail meethaq travel finance facility.
Documents Required:
  • Copy of national identity card for omanis and copies of resident card & passport with visa page, for resident expatriates.
  • Salary transfer letter in favor of Meethaq Islamic banking - bank muscat.
  • Declaration of other liability (if any).
  • Address proof (water bill, electricity bill, etc,).
  • Travel quotation from authorized travel operator favoring meethaq islamic banking.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges

*terms & conditions apply​

Meethaq Marriage Finance

Make your marriage memorable with Meethaq Marriage Finance which provides a wide variety of service providers to ensure an experience to cherish for life.

Features:
  • 100% financing facility of the total marriage expenses cost **
  • Easy Installment Plan
  • Competitive Pricing
  • Takaful Coverage for Life  (where the finance amount/outstanding is cover in event of death or total disability )
  • Services provided by the best marriage service providers across the Sultanate and approved by Meethaq
  • The eligibility for Marriage finance is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioners unless stated otherwise
  • Pensioners do not have to pay pre - payment fees
  • The customer may obtain the life and property Takaful policy if required under this Finance independently or, through the Bank, via the Ban’s Takaful partner
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions as laid out in the Finance Agreement

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

** Mahar payment is not covered.

Eligibility:
  • Any Omani national with a minimum* monthly salary of RO 350 can avail Meethaq marriage finance facility.
Documents Required:
  • Copy of National Resident ID.
  • Salary Transfer Letter in favour of Bank Muscat - Meethaq Islamic Banking.
  • Declaration of other liability (if any).
  • Address proof (Water bill, Electricity Bill etc.).
  • Marriage related service Quotation from authorized Marriage related services provider favoring Meethaq Islamic banking.
  • Any other document required by the bank to process the application.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges

*terms & conditions apply​​

Meethaq Education Financing

Meethaq Education finance will help you achieve your dreams in a Shariah compliant manner.

Features:
  • 100% financing facility of the total education cost
  • Easy Installment Plans
  • Competitive Pricing
  • Takaful Coverage for Life  (where the finance amount/outstanding is cover in event of death or total disability )
  • Services provided by the best Education providers across the Sultanate and approved by Meethaq. Click here to view vendors list.
  • The eligibility for Education finance is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioner unless stated otherwise
  • Pensioners do not have to pay pre-payment fees
  • The customer may obtain the life and property Takaful policy if required under this Finance independently or, through the Bank, via the Bank’s Takaful partner
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions as laid out in the Finance Agreement

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Minimum* monthly salary of OMR 250 for Omani nationals and OMR 300 for Expats, can avail meethaq education finance facility.
Documents Required:
  • Copy of National Resident ID/Passport with valid visa page.
  • Salary Transfer Letter in favour of Meethaq Islamic Banking - Bank Muscat.
  • Declaration of any other liability (if any).
  • Address proof (Water bill, Electricity Bill etc.).
  • Education quotation from authorized Education operator favoring Meethaq Islamic banking.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges

*terms & conditions apply​​​​

Ikram

Fulfil the dreams of your golden years with Meethaq Islamic Banking. Avail financing against your pension and be eligible for different credit facilities including credit cards through Ikram.

Features:
  • Competitive profit rates
  • Maximum financing tenure for House Finance can reach up to 25 years or till customer reaches the age of 70, whichever comes earlier​.
  • Pensioners can apply for Housing, Auto and Personal Financing under Ikram up to the age of 70.
  • Pensioners can apply for credit cards up to the age of 70.
  • Just walk into any Meethaq Islamic branch to apply for finances and complete the documentation requirements.
Eligibility:
  • Retired Omani nationals
  • Pension to be assigned / transferred to Meethaq.
  • Financing will be given against pension only*

FAQs:

Fees & Charges​​​​​

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