National Bank of Oman’s Islamic Banking Window, Muzn has introduced the Flexi Wakala Saving Account, a financial solution designed to empower individuals seeking to save for their future or retirement whilst adhering to Shari’a principles.
According to the statement, one of the notable features of the Flexi Wakala Savings Account is its competitive profit rate, which can reach up to 3 percent. This is an attractive option for individuals seeking to grow their savings and maximize their returns.
“We recognize the increasing need for secure financial planning within the framework of the Shari’a. That’s why we are pleased to introduce Muzn’s Flexi Wakala Saving Account. With its higher returns and unparalleled flexibility. Our goal is to facilitate the financial growth of our customers and continue upholding Shari’a principles. This launch underscores our commitment to delivering innovative and ethical banking solutions, solidifying Muzn’s leadership in the Islamic banking sector.”
In addition to its competitive features, Muzn has tailored this account to meet the unique needs of its customers. Account holders can enjoy the convenience of a cheque book and conduct transactions such as deposits and withdrawals at any Muzn Islamic Banking branch or through its various digital channels.
Furthermore, they can access their funds 24×7 through ATM or Debit Cards, with the added benefit of free withdrawals at Muzn and NBO ATMs. It’s a convenient and hassle-free banking solution designed to cater to individual financial requirements, as per the statement.