Alizz Islamic Bank and Talaat Moustafa Group signed an agreement to provide housing finance solutions for the bank’s customers who wish to own a home in the “Jood” and “Yamal” projects .

Under this agreement, customers will benefit from competitive financing rates for purchasing residential units in the "Jood" project in Sultan Haitham City, which comprises 7,746 units ranging from luxury villas to modern apartments. Approximately 50% of the total area is dedicated to green and open spaces, while buildings occupy no more than 15% of the project, ensuring a sustainable and verdant environment. "Jood" is designed as an integrated community offering shopping, entertainment, management, sports, and social services, creating a lifestyle that blends luxury and innovation. Additionally, Alizz Islamic Bank customers will receive competitive financing rates for purchasing residential units in the "Yamal" project in Seeb, which features a luxury beachfront hotel, hotel apartments, and 6,220 residential units, including villas, beach huts, and apartments. Approximately 50% of the total area is dedicated to green spaces, water features, and open beaches, while buildings occupy no more than 15% of the land, ensuring a healthy, spacious, and beautiful environment.

As integrated tourism complexes, the Joud and Ymal projects will enable foreigners to purchase freehold residential properties in the Sultanate of Oman, along with the associated benefits of long-term residency. These projects are expected to attract international buyers seeking lifestyle opportunities, second homes, and long-term real estate investment in Oman.

Commenting on the signing of this agreement, Saif Al Yahyai, Head of Retail Banking at Alizz Islamic Bank, said: “We are proud to sign this agreement, which will make it easier for the bank’s customers to purchase homes in the ‘Yamal’ and ‘Joud’ projects. Alizz Islamic Bank’s home finance solutions are diverse and flexible, offering numerous options to suit our customers’ needs. We always strive to facilitate and provide Sharia-compliant products that deliver the desired benefits for our customers.”

It is worth mentioning that Alizz Islamic Bank seeks to partner with various real estate development companies, with the aim of providing multiple solutions for customers in purchasing homes that suit their needs and budgets throughout the Sultanate.

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