Savings Plus Account
Alizz Islamic Bank · Savings Account
- Requires a minimum balance
Qrar360 Decision Brief
What is this product?
A savings account from Alizz Islamic Bank.
Who it may suit
- Sharia-compliant
- People who need Sharia compliance
May not suit
- People keeping low balances
Important conditions
- Requires a minimum balance
Facts not yet fully verified
- the profit/return rate
- the last verification date
Key facts
Alizz Islamic Bank's Sharia-compliant, tier-based Savings Plus Account, structured on the principle of unrestricted Mudaraba (the customer as Rabb-ul-mal, the bank as Mudarib), requiring a minimum balance of OMR 100 with no charge if the balance falls below that, and profit shared according to a bank-set profit-sharing ratio applied to tiered end-of-day balances.
Product Analysis
- Minimum balance required: 100 OMR.
Not yet scored
This product does not have a published Qrar360 Score yet. A score is published only when enough of its facts are verified from official sources to meet our coverage and confidence thresholds. The recorded facts below remain discoverable and comparable.
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Availability by Country
- OmanAvailable
Provided By
This product is provided by . For the institution's licenses and regulatory status, see its profile page.
Sources & verification
Verified facts on this page are linked to their official sources.
Frequently asked questions
- Is Savings Plus Account Sharia-compliant?
- Savings Plus Account: Sharia-compliant.
- Which countries is Savings Plus Account available in?
- Savings Plus Account is available in: Oman.
