MUSAT: NBO’s Islamic Banking Window, Muzn, is offering account holders even more ways to unlock opportunities and secure a safe and comfortable future for their children. The Kids Wakala account can be opened with a minimum deposit of just RO 50, and a minimum recurring deposit of just RO 10, parents can take the first step towards building a solid foundation for a prosperous future of their children. Kids Wakala Account is open to both Muzn and non-Muzn customers, and is available for children up to 18 years of age. The account also includes exclusive offers from a wide variety of merchants across Oman.
Salima al Marzooqi, Assistant General Manager - Chief Islamic Banking Officer of Muzn, said, “As Muzn celebrates its tenth anniversary, we continue to be committed to finding new ways for our customers since providing a secure financial future for our children is dear to every parent or guardian, and with Kids Wakala we are able to ensure the child start professional firm financial footing. Our competitive rates offer an expected return 2% per annum paid into the account monthly.”
The Kids Wakala account also provides Life Takaful and permanent disability risk coverage with a double deposit benefit up to RO 75,000. This means that in case of a claim, the Takaful Insurance Company shall pay an extra amount equal to the deposit amount, hence, the higher the amount deposited, the more security and added piece of mind should the unexpected occur.
As the first Islamic banking window in Oman, Muzn believes in a better way and as pioneers at its core is committed to fostering the development of Oman’s Islamic Finance sector, while offering its customers the best banking experience without compromise. With an all-encompassing range of Shari’a-compliant banking services delivered to a growing customer base, the bank ensures convenient, headache-free Islamic banking products that are accessible to all.
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