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Meethaq
CAR FINANCING
Overview

No need to wait for your dream car! Cruise ahead with Meethaq Car Financing solutions, the most popular Shari'a-compliant car financing solution in Oman. Zero processing fee, interest-free financing, free life takaful coverage, express approval process and personalised service along with flexible payment tenure, makes it the ideal choice for car financing in the Sultanate.

Shari’a Basis

Meethaq Car Finance is based on the concept of Murabaha. Murabaha is kind of sale, where the seller discloses the cost of the asset along with the profit. Meethaq, instead of giving a loan to the customers, purchases the car as per customers’ request and sells it at a cost plus agreed profit to the customer.

  • Shari'a compliant solutions as per your Islamic beliefs.
  • Financing up to 80% of the car’s value.
  • Easy on pocket with 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 the Sultanate of Oman

An Omani national or a resident expatriate with a minimum* monthly salary of Omani Riyals 250 and 300 respectively can avail our Car Finance solution.


How Meethaq Car Finance Product is Shari’a complaint?

How Meethaq Car Finance works?

How Meethaq Car Finance Product is different from conventional auto financing?
How to Apply

Apply for Meethaq Car Finance by filling up the application form and attach the relevant documents and submit at the nearest Meethaq branch or the auto dealer.

Documents Required
  • Copy of national identity card (NID) card for Omanis and resident card & passport with visa page for resident expatriates.
  • Valid Omani Driving License
  • Two photographs of the applicant.
  • Salary transfer letter from your employer.
  • 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.