At Muzn Islamic Banking, we strive to provide outstanding Sharia’ compliant solutions through financial expertise with the goal of meeting your business requirements. We have launched Muzn Tijarah, a product designed for corporates, Small and Medium Enterprises and entrepreneurs. This special product enables customers to earn attractive returns on the daily surplus cash balances in their accounts.
Additionally, we have launched Masjid Account, a solution tailored to serve Power of Attorneys of masjids and Quran schools, allowing them to open accounts at any of Muzn branches and enjoy reaping tier-based profits.
How it works
Muzn Tijarah is a Tier based profit earning account, based on the concept of Wakalah bil Istithmar. Funds under this product will be invested in a Sharia’ compliant investment pool and the returns generated from the pool are distributed to customers on monthly basis.
The balance maintained in this account accrues profit on the daily closing balance, which is credited to the account on monthly basis. Muzn provides the option of linking a Tijarah/Masjid account with the customer’s current account and any shortfall in the current account balance due to any payments is supplemented by transfer of the available balance in the Tijarah/ Masjid account.
Key Fact Statement (KFS)
Please find that we have designed the
Key Fact Statement that summarizes the main characteristics of the product. It is brief and limited to critical information that will support your understanding of the product.
Please find that we have designed the Key Fact Statement that summarizes the main characteristics of the product. It is brief and limited to critical information that will support your understanding of the product.
You will receive an SMS confirmation once your account is opened.
Features
- A minimum deposit of RO 5,000/= for profit eligibility
- A tier-based profit account with higher profit rates
- A profit-bearing account with profit accruals based on average day end balances
- Profits are credited monthly into the account>
- No minimum balance charges on the account
- A corporate ATM card (Sole Proprietorship)
- A cash deposit
facility at more than 60 CCDMs of NBO and Muzn
- No daily cash withdrawal limit
- Access to our
Corporate Internet Banking platform (CIB)
- QR Code services
Branches
Azaiba
South Azaiba Way No: 244 Al Sahwa Towers Building No: 2, Ground Floor, Phone: 24527198
Mabellah
Al-Janobiah Way no: 6901, Building no: 15 Phone: 24452387
Sur
Near Sanaya Roundabout Opposite Badr AlSamaa Poly Clinic Phone: 25540726
Sohar
Al Waqaibah Way No: 4803 Building No: 24 Block No: 2248 Phone: 26846692, 26846044, 26846118
Nizwa
Nizwa city Firq area Hay Alain Junction Near Aldiyar Hotel Phone: 25411241, 25411681
Salalah
Al Zaky Building Opposite Souk AlMarkazi Phone: 23291310
* Terms & conditions apply.
Disclaimer: All Muzn Islamic Banking products and services are approved by the Muzn Shari’a Supervisory Board and are subject to Muzn Islamic Banking’s terms and conditions and submission of acceptable documentation.
