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Meethaq Islamic Banking offers Soyoula Personal Finance product to take over the Personal Loan facility from other banks where the customer creates Musharakah with Meethaq – Islamic Banking in his/her own property and the bank pays the price to settle the outstanding facility. Later, the bank leases its share to the customer and after a grace period of 6 months, customer starts purchasing the share from the bank.

Shari’a Basis

Meethaq Soyoula Personal Finance is a purpose based finance as per the Shari’a. Soyoula aids the customers to utilize their own assets to raise funds to convert their conventional facility to an Islamic facility. It is based on the concept of Sale & Lease Back, where the customer initially enters into a legitimate sale transaction with the Bank where the risk and reward of the assets are transferred to the Bank and afterwards Bank leases the asset back to the customer.

  • Shari'a compliant solution in line with your Islamic beliefs.
  • Finance available up to RO 150,000 depending on the eligibility.
  • Easy on pocket with 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.

Omani or GCC based individuals (single or jointly) receiving monthly salaries above Omani Riyals 249 from the government or above Omani Riyals 499 from approved listed companies can avail Personal Finance solutions.

How Meethaq Personal Finance Product is Shari’a Complaint?

Apply Now

Apply for Meethaq Personal Finance by filling up the application form and attach the relevant documents and submit at the nearest Meethaq branch.

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