Bank Nizwa’s Sharia-Compliant products ensures ‘Peace of Mind’

  • Date: 29-Jun-2020
  • Source: Business Live ME
  • Sector:Technology
  • Country:Oman
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Bank Nizwa’s Sharia-Compliant products ensures ‘Peace of Mind’

Bank Nizwa, the leading Islamic Bank in Oman offers a wide range of saving and investment solutions to meet the varying needs of different individuals.

Apart from the regular options like current and savings account, the Bank offers Mudaraba Investment account, Wakala Investment, and Recurring Deposit Account among other products and services. In a Mudaraba Investment, Account customers can grow their funds at the most competitive profit rates. For those looking for an ideal solution for retirement or to save for the family over a period of time, the Recurring Deposit option provides higher profit rates for better returns.

Bank Nizwa's savings account portfolio encourages the practice of saving, investing, and growing funds. The accounts not just makes saving easier, but also allows customers to grow their funds with minimal risks and within the scope of Sharia-compliant financing, ensuring absolute peace of mind.

Bank Nizwa helps customers earn a profit based on the average account balance. Arif Al Zaabi, Retail AGM, said, "We want to encourage everyone to inculcate the habit of saving for whatever the future needs may be - planned or unforeseen. Whether it is a modest monthly deposit or a larger investment, the idea is to give our customers the