Al Namaa opens investment avenues for ahli Islamic depositors

Al Namaa opens investment avenues for ahli Islamic depositors

Muscat: With an expected return rate of up to 3.54% per annum, ahli Islamic is opening investment avenues for depositors with its exclusive Al Namaa Savings Account, which is designed and structured to inspire a culture of saving among its patrons and potential customers.

Through the Mudaraba based Savings Account, depositors can enjoy high profits calculated and paid on a monthly basis. As per the set protocol, the depositor (Rab-ul-Mal), investing in Al Namaa Savings Account, authorizes the Bank (Mudarib) to invest his/her funds into Sharia-compliant high net worth business avenues. The Bank has added ease and convenience to the account and made it feasible for customers with varying financial capabilities by incorporating multiple deposit tiers that caters to the different customer segments. At the same time, the account assures just weightages that are in sync with the balance maintained in the account.

Highlighting the features of the account and the benefits accruing from the deposits, Noora Sabah Sultan – AGM, Head of Retail, ahli Islamic, commented: “The main premise behind Al Namaa is to earn highest possible profits on every Rial invested with the Bank. We want our customers to understand the potentials of their deposits to earn them profits that