MUSCAT, 16 August 2017 – Bank Muscat, the flagship financial services provider in the Sultanate, has evoked strong response to its short-tenor Shahadati Fee aimed at easing payment of private school tuition fees and vocational training charges.

Launched in step with the ‘Let’s Do More’ vision and commitment to partnership in the national objective of educational support, the Shahadati Fee provides convenient financial support up to a maximum of RO 10,000 at 3.5 per cent interest for a short tenor of one year. The add-on benefits include special offers from local training institutes and joint repayment facility by two guardians. The bank disburses Shahadati Fee directly to schools and training centres. The finance can also be availed for special summer training and executive development programmes.

Shahadati Fee is the first-of-its-kind short-term finance targeted at education purposes, especially private school tuition fees. Quality education is the key to a secure future and Shahadati makes it achievable by ensuring that customers do not feel the financial burden in enrolling their children at educational institutes of their choice. The Shahadati Fee also supports Omani youth to pursue various training programmes.

The short-tenor Shahadati Fee eases the financial burden of parents while enabling children to achieve their academic goals. Over the years, different variants of the popular Shahadati finance has fulfilled the ambitions of a number of aspiring students seeking college or higher education opportunities in Oman and abroad. The facility is also available for working employees to pursue educational programmes.

Aimed at helping Omani students obtain relevant academic qualifications, Shahadati Fee addresses a critical need of youth who represent the future of Oman.