Bank Nizwa’s Shari’ah compliant Minor Account sees overwhelming Response

Bank Nizwa’s Shari’ah compliant Minor Account sees overwhelming Response

Muscat: The leading Islamic banking institution in Oman, Bank Nizwa, has been receiving an overwhelmingly positive response to its fully Shari’ah compliant Minor Account. Thoughtfully created for parents to secure their children’s future, the Minor Account, aligned with the principles of Islamic finance, is one of Bank Nizwa’s key propositions in the Sultanate’s competitive finance landscape. Ever since its rollout, the Bank has recorded registrations in substantial numbers – a key indicator of the growing need for Shari’ah compliant banking solutions in the Sultanate.

Bank Nizwa’s Minor Account offering is a well-rounded solution to parents seeking to secure their children’s financial futures in alignment with Islamic finance best practices. The Bank’s move to facilitate a strong financial foundation for children is being received with much admiration and approval across communities. It also serves the key pillar of Oman Vision 2040 that outlines the promotion of social protection and social responsibility, more so by supporting the needs of Oman’s future generations. To cater to the high demand for enrollment, The Bank has extended its opening hours from 3pm to 5pm at selected branches across the Sultanate to make it more convenient for parents to open Minor Accounts.

Commenting on the immensely positive response