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National Finance this week unveiled consumer durables financing in Oman for up to OMR 25,000 over eight years with 60-minute approvals, according to a company statement. The offering spans furniture, electronics and home appliances while partnering with Muscat Power Pioneer on solar systems to promote sustainable lifestyles among individuals and families.
National Finance, the Sultanate’s leading finance and leasing company, outlined the program’s features in its announcement, emphasizing alignment between household upgrades and environmental responsibility. The statement highlighted extended tenures and swift processing as key elements that reduce barriers for customers. By including renewable energy financing the initiative supports national goals for cleaner technology adoption in residential settings.
According to the company’s statement the financing product targets both immediate lifestyle enhancements and longer-term value for Omani residents. Customers can apply the funds toward a range of items including kitchen fittings, sanitary ware and home décor alongside solar installations. This structure allows families to manage budgets more effectively while investing in energy-efficient solutions.
Central Bank of Oman figures show that finance and leasing companies’ portfolios grew 13.8 percent in 2024 driven by rising consumer credit demand. National Finance’s expansion of its durables line builds directly on that sector momentum with an added emphasis on green options. The World Bank has pledged up to $120 million in sustainable finance support for Oman to advance clean energy and efficiency projects under Vision 2040, multilateral data indicate.
Tariq Sulaiman Al Farsi, chief executive officer at National Finance, remarked in the statement that sustainability continues to be a core element of the company’s strategy. “Sustainability continues to be a core element of our strategy,” Al Farsi added. His comments reflect broader industry shifts toward integrating environmental considerations into everyday retail finance offerings across the region.
The partnership with Muscat Power Pioneer enables dedicated financing for solar power systems that help households lower utility expenses over time. This collaboration tackles both upfront costs and technical aspects of renewable adoption for typical consumers. Such targeted products have become increasingly relevant as Oman advances its diversification agenda.
Oman’s Central Bank has issued guidance on managing climate risks and promoting green financing in its Financial Stability Report, underscoring the sector’s evolving priorities. National Finance’s consumer program adds a practical retail dimension to these policy directions by broadening access for private individuals. The suite forms part of the firm’s wider individual finance portfolio that includes vehicle leasing and personal credit lines.
