Savings Account
Bank Nizwa · Savings Account
- Requires a minimum balance
Qrar360 Decision Brief
What is this product?
A savings account from Bank Nizwa.
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
Bank Nizwa's Sharia-compliant savings account, structured as a Mudaraba or Wakala investment account with quarterly profit distribution, requiring a minimum balance of OMR 100 (below which a OMR 0.500 fee applies), with a OMR 3.000 fee for closure within one year and a OMR 1.000 dormant-account fee.
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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Compare it side by side with another product in the same category and market.
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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 Account Sharia-compliant?
- Savings Account: Sharia-compliant.
- Which countries is Savings Account available in?
- Savings Account is available in: Oman.
