Savings Account is based on the Islamic concept of Mudaraba wherein we act as the business manager and the customer is the capital provider. This product provides monthly profit to customers against the investment made by Maisarah. Profit is calculated on daily basis and credited into the customer’s account on a monthly basis. Customers can enjoy Sharia compliant profit on their investments by opening an account with minimum balance of OMR 100.
Customer is entitled to the draw of the Prize Account when an average balance of OMR 100 is available for one week for weekly draws and for a month for other draws. Anticipated profit rate of up to 2.5% p.a. subject to the weightages applicable for each month. Based on the Islamic concept of Mudarabah, this account is Shari’a compliant. The prizes will be given from the shareholders’ funds. The scheme is valid from 1 January to 31 December 2021. OMR 52,800 prize amount and 198 prizes have been allocated for the new branches expected to be opened during the year, or they will be distributed through special draws on special events announced during the year 2021. Over 4900 winners is the total number of winners in the Prize Account scheme since 2016. Terms and conditions apply.
Current Account is based on the Islamic concept of Qard, an interest free loan provided by the customer to Maisarah where the principle is guaranteed to the depositor and it is payable on customer’s demand without any penalty. It is a value added product which is a suitable solution for individuals as well as business entities looking for a checking account based on Islamic financing principles.
Ameen Investment Account is based on the Islamic principle of Wakala. In this structure, we invest the funds in Shariah compliant transactions where the customers get expected profit and Maisarah is entitled to the Wakala fee together with any profit that exceeds the customer’s expected profit as an incentive. The profit is calculated on daily basis and paid at the end of each month.
Through Maisarah Saving Account, we work with you as your trusted partner and help define your savings and increase your financial security.