Managed under the Islamic principle of ‘Unrestricted Mudharaba’ which means customers, investors, can earn best possible return on their savings invested by the bank, working partner, in Sharia’a compliant transactions. Profits generated from the investments are shared between the bank and the customers according to the pre-agreed profit sharing ratio.

The features and benefits of the Ithraa Savings Account include attractive weightages and expected profit rates based on deposit tier with a minimum deposit amount of RO30,000, immediate access to funds, flexible withdrawals through cheque book facility and access to the online and mobile banking services.

Alizz islamic bank continues to thrive towards the success of promoting its products and services ensuring excellent customer services is delivered. That said, the bank’s Call Centre team is equipped to answer and assist 24 hours a day, seven days a week with customer enquiries.

In addition to receiving SMS alert notifications while performing a transaction. Commenting on the launch, Moosa al Jadidi, deputy general manager – head of Retail Bank, alizz islamic bank said “Launching Ithraa Savings Account is part of the ongoing strategy to enrich our customers’ banking experience with a comprehensive suite of innovative Sharia’a compliant financial solutions.”