Muzn islamic banking provides unique investment solution to endowments, masajid and quran schools

NBO’s Islamic banking window, Muzn, has extended its investment product to endowments, mosques (masajid) and Quran schools. Such institutions can open accounts with a minimum balance of RO 5,000 and earn tier-based profits based on the daily closing balance in the account.  

Salima Al Marzouqi, Chief Islamic Banking Officer of Muzn, said, “This year, Muzn marked its 10-year anniversary and we are delighted to introduce the Muzn Tijarah Account for endowments, masajid and Quran schools. As part of our ongoing commitment for our customers and the community, we are offering our Tijarah investment product to these institutions, which will enable them to generate additional income in a manner that is fully aligned to our ethical practices and deeply-held beliefs.”

In addition to the monthly returns, Tijarah account holders will also receive access to Muzn’s Corporate Internet Banking (CIB) platform for conducting banking transactions at their fingertips. Token Charges will be waived for these institutions, and monthly maintenance fees will be waived for two years. Muzn will also provide access to the Bank’s Merchant App which will allow donations to be received directly through the QR code.

As the first Islamic banking window in Oman, Muzn has been committed to fostering the development of the Sultanate’s Islamic Finance sector for more than a decade. By remaining true to our roots, our all-encompassing range of Shari’a-compliant banking services continue to deliver the best banking experience to a growing customer base without compromise on values or principles while ensuring that convenient, hassle-free Islamic banking products and services are available to all.

To find out more about the full range of Shari’a compliant financial solutions available at Muzn, please call 24770001 or visit www.muzn.om.