Home Finance

Buy that home now!

We have the right financing solutions you need for that dream home in your mind.

Helping you own your house

As Oman’s First Islamic Bank we realize that owning a Home is always special. It is an asset that represents a secure and comfortable future for you and your loved ones.That is why Bank Nizwa Property Finance, based on the Shari’a concept of Ijara/ Murabaha/ Forward Ijara/ Diminishing Musharakah, offers quick and hassle-free solutions designed to help lighten one of your most demanding commitments. Now you can fulfil your responsibility to your loved ones, and stay true to your values.

Our Suite of Products

  • Land Financing
  • Ready Property
  • Under Construction Finance

You may choose the Home Finance that is right for you:

Ijarah | Murabaha | Diminishing Musharaka

Key Features

  • Shari’a-compliant personal finance product based on the Sharia concept of Diminishing Musharaka
  • Financing available for buying a residential land, construction and ready property.
  • Highly competitive profit rates.
  • Low down payments.
  • Payment period up to 25 years / 300 months.
  • No hidden charges.
  • Available to salaried individuals only.
  • Transparent & fast processing.
  • Installment deferral facility available.
  • Apply easily through any of our branches spread across the Sultanate.
  • Option for early settlement.

Eligibility Criteria

  • Available for both Omani nationals & Resident Expatriates.
  • Maximum age of the property when applying is 20 years, and 40 years at maturity.
  • Minimum Age: 21 years for Omani salaried customers.
  • Minimum Salary: OMR 400.
  • Maximum Age at Finance Maturity: Up to 60 years for regular customers and up to 70 years for Pensioners for Omani customers.
  • Resident Expatriates are only eligible for ready property from ITC projects under Murabaha contract.

Fees & Charges

Description Total Amount (with VAT)
Processing Fees OMR 52.500
Credit Life Takaful Arrangement Fees 0.05% of the finance amount with a minimum of RO 5.25 and maximum of RO 78.75
Late Payments Donations to be made to the Bank’s Sharia Supervisory Board’s approved charity institutions at a rate stipulated in the financing contract.


  • Identification Documents:
    • Copy of Oman National ID card.
    • Seller’s national ID card.
  • Application Form:
    • Financing Application Form (Promise to Purchase)
    • Account Application Form (For all new customers)
  • Proof of Income:
    • Original Salary Certificate (Validity is 30 days)
    • Salary Transfer Letter from employer addressed to Bank Nizwa
    • Bank Statements of previous 6 months for salaried customers or 12 months for self-employed customer
    • Copy of Employment Contract for Oil & Gas and Construction Sector (if applicable)
    • Pay slip for last 3 months (If variance in net salary credited to bank is 10% or more.)
    • Original Proof of any other income (if applicable)
  • Proof of Residence:
    • Copy of Utility Bill or any other proof of Residence e.g., Tenancy contract copy
  • Additional Documents:
    • Original Quotation Letter addressed to Bank Nizwa (valid for 10 days only).
    • Blueprint of the house, approved by relevant Government agency
    • Copy of Title Deed / Mulkiya / Krooki
    • Valuation of property from the approved list of valuators
    • Life insurance coverage document
    • Sales and Purchase agreement
    • Liability letter from the bank valid 30 days to which the applicant’s salary is assigned (In case buy-out).
    • Copy of Marriage Certificate in case of married couple applying for the joint financing.
    • For self-employed customers:
      1. Copy of Legal documents (Commercial Registration / Oman Chamber of Commerce Certificate / Computer Extracts / MOA / POA etc)
      2. Net worth statement for any Financing request of RO 250,000 and over
      3. Financial Statements from approved auditor for Financing of RO 250,000 and above.


Why take Home Finance from Bank Nizwa?
Shari’a-compliant product, transparent pricing & charges, and quick processing & approvals.

How do I avail Bank Nizwa property Finance?

  • If you haven’t identified a home yet, walk into any of our branches and we will calculate your eligibility for your future home. You can then begin your search.
  • If you have already found your ideal home, we will process your application and help you to buy the same.

Where can I get more information?
For more information, please visit any of our branches and talk to our Personal Banking Officer. Alternatively, you can call 24 950 500.

Key Fact Statements (KFS)

All Bank Nizwa products and services are approved by the Shari’a Supervisory Board.

Ijara Forward Ijara Diminishing Musharakah

For more information call 24950500 or visit any of our conveniently located branches.

Disclaimer: Bank Nizwa products and services will be made available at the sole discretion of Bank Nizwa SOAG; subject to Bank Nizwa’s Terms and Conditions for Shari’ah Compliant Account Operation and upon submission of documentation acceptable to Bank Nizwa.


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