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Grow your savings with Flexi Wakala Saving Account

Power up your savings and earn an expected profit rate up to 3% on your monthly balances maintained in your Flexi Wakala Saving Account. The higher the deposit, the higher the profit rate.

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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.​​
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You will receive an SMS confirmation once your account is opened.



Features

  • Shari'a compliant solution – Under the concept of Wikalah bil Istithmar.
  • Tier based account – Deposit more to earn more.
  • Attractive profit rate – Earn expected profit up to 3%.
  • Monthly profit – profit accrual calculated daily and credited monthly in the customer's account.
  • Convenient banking – Bank at any of our branches, or extensive network of ATMs, online banking, and NBO Muzn Islamic app

Eligibility

At NBO Muzn Islamic Banking, we believe that saving should be made simple for everyone, including minors. Whether you're Omani or an expatriate, you can open a Flexi Wakala Savings account.

  • The minimum age for account opening is 18 years.
  • Minors below the age of 18 years are eligible but require consent and presence of guardians for all banking transactions.
  • No minimum balance is required to open an account.

 

How to apply:

Visit your nearest branch with the following documents:

  • National ID Card for Omanis/ Valid passport and visa for expatriate.

 

Profit Rates

Tier (in OMR)Profit Rate (p.a.)
0 to 4,9990.50%
5,000 to 9,9990.75%
10,000 to 19,9991.00%
20,000 to 29,9991.25%
30,000 to 49,9991.50%
50,000 to 99,9991.75%
100,000 to 249,9992.00%
250,000 to 499,9992.50%
500,000 and above3.00%​



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