Personal finance

Personal Finance

Your Tomorrow.

Your Hopes.

Our Excellence.

This Personal Finance Product is designed to provide customers with financing to meet their personal needs in a Shari’a compliant manner, whether it is for furniture, electronics, construction materials, equipment, an unexpected medical condition, travel, education or wedding expenses and more.

Goods Murabaha

The Goods Murabaha finance product works in the following way: The bank, at the customer's request, purchases certain goods from the authorised dealer and sells the same to the customer at an agreed price. The advantage of this product is that you know the Bank's profit mark-up and installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows for immediate possession and ownership of the goods. This product is offered to the customer through the Murabaha mode of finance.

Service Ijarah

The Service Ijarah finance product is designed to provide customers with financing to acquire needs; whether it is for an unexpected medical condition, finance for education, travel or wedding etc. This personal finance (Service Ijarah) product is based on the Islamic financing principle of 'Ijarah' for the services. In Service Ijarah, the Bank will have 'agreements' with various service providers, whereby the Bank leases the services required by the customer directly from the provider and sub-leases it to the customer.


  • Shari’a compliant facility
  • Quick processing & easy documentation
  • Financing available up to 100% of value
  • Competitive profit rates
  • High financing amount
  • Maximum tenure up to 120 months
  • Facility available for expatriates


  • Immediate issuance of Visa Debit Card & Welcome Kit
  • Free Visa Debit Card
  • Free online banking within Sohar Islamic branches
  • Round the clock availability of cash deposits facility (CDM)
  • Free issuance of statement of accounts
  • SMS alerts services
  • Internet Banking facility
  • Mobile Banking facility
Omani Non-Omani
Minimum Monthly Salary RO 300 RO 500
Minimum Service 3 months 1 year
Minimum Age 18 years 20 years

Documents Required

  • Omani Nationals: National ID
  • GCC Nationals: Resident ID
  • Expatriates: Resident ID & passport with valid visa
  • For Goods & Services: Quotation in favour of Sohar Islamic
  • Salary Certificate issued by the employer
  • Salary Assignment letter from the employer in favour of Sohar Islamic
  • Bank Statement

Terms & Conditions Apply.

Approved by Shari’a Supervisory Board

All Sohar Islamic Bank’s products and services are approved by the Shari’a Supervisory Board.

For more information, please call 24189949, or visit the branch closest to you