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 loan 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
  • Option to select from a wide range of properties from reputed developers pre-approved by meethaq
Eligibility:

Omani or GCC based individuals (single or jointly), receiving monthly salaries above RO 249 from the government or above RO 499 from approved listed companies can avail meethaq home finance solutions.

FAQs:

Meethaq Car Financing

Cruise ahead with meethaq car 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 car’s value
  • Lower payments and longer financing tenure of up to 8 years
  • Zero processing fee
  • Easy, convenient and quick approval process with minimal documentation
  • Free life takaful coverage
  • Flexibility to avail and service the finance through the largest integrated branch network offered by meethaq in Oman
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.

FAQs:

Meethaq Soyoula Personal Finance

Meethaq soyoula personal finance product is designed to take over your personal loan facility from other banks and settle the outstanding facility

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
  • Flexibility to avail and service the finance through the largest integrated branch network offered by meethaq in oman
Eligibility:

Omani or GCC based individuals (single or jointly,) receiving monthly salaries above RO 299 from the government or above RO 499 from approved listed companies, can avail personal finance solutions.

FAQs:

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
  • Free takaful coverage
  • Services from the best consumer retailers across the Sultanate
Eligibility:

Any Omani national or a resident expatriate with a minimum* monthly salary of RO 250 can avail meethaq personal goods finance facility.

FAQs:

*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
  • Free takaful coverage
  • Services from the best travel operators across the sultanate
Eligibility:

Any Omani national or a resident expatriate with a minimum* monthly salary of RO 250 can avail meethaq travel finance facility.

FAQs:

How is meethaq travel finance product shari’a compliant?

Meethaq travel finance works under the principle of service ijarah (ijarah tul khidmat). All products of meethaq are designed according to the guidelines set down by the central bank of Oman for Islamic banks and they also undergo a thorough process of shari'a compliance certification by our shari'a supervisory board.

How does meethaq travel finance works?

  • Meethaq travel finance product is based on the concept of service ijarah (ijarah tul khidmat)
  • Meethaq shall lease the travel services through an operator and shall sub – lease the required service
  • Meethaq shall work as a distributor of the service and shall provide the travel facility to its customers.

How is meethaq travel finance product different from conventional travel loan?

  • Under meethaq travel finance, the subject matter of the contract are the travel services and not money against money
  • The bank will arrange travel services according to the customer's requirement and shall provide the same to the customer through travel operator against deferred repayments by concluding a service ijarah contract.

What documents are required to apply for meethaq travel finance?

  • Copy of national identity card for omanis and copies of resident card & passport with visa page, for resident expatriates
  • Photographs
  • Salary transfer letter in favor or bank muscat meethaq
  • Declaration of other liability (address proof)
  • Declaration of other liability (water bill, electricity)
  • Travel quotation from authorized travel operator favoring meethaq islamic banking

*terms & conditions apply