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To pay tribute to the valuable role nurses’ and medical professionals play in society, Alizz Islamic Bank held special draws for nurses and medical professionals who hold Bushra Prize Savings account on the occasion of GCC Nurse’s Day which is celebrated on March 13th every year.

Alizz Islamic Bank’s Bushra Prize Savings Account is Oman’s first fully Sharia’a-compliant prize savings account. The Bushra Prize Savings account reflects the bank’s commitment in pioneering innovative Sharia-compliant products and services that cater to customers’ needs.

The special draw event was held at Nizwa Hospital under the patronage of H.E. Ahmed bin Saeed bin Saed Al Hadhrami, member of Majlis Al Shura, representative of Wilayat Nizwa in the presence of Mr. Mohammed Bin Juma Al Ghassani, Assistant General Manager of Alizz Islamic Bank. Representatives of Alizz Islamic Bank and directors, director generals of the Ministry of Health were also present.

As part of the special draw, 15 medical professionals from various governorates of the Sultanate won OMR 500 each.

Among the benefits that customers receive on opening a Bushra Prize Savings account includes an instant debit card, online and mobile phone banking services and short text message alerts for any transaction. Owners of Alizz Islamic Bank Debit cards can avail discounts from over 100 stores across various governorates of Oman.

Commenting on the draw, Mr Mohammed Al Ghassani, Assistant General Manager and Head of Distribution and Wealth Management, Retail Banking at Alizz Islamic Bank said, “GCC Nurse’s Day is a time to reflect on the important role of nurses. As a tribute to the Ministry of Health employees for their dedication and effort in providing care and hope to all patients, Alizz Islamic Bank decided to conduct special draws for those holding Bushra Prize Savings Accounts, the first-ever Shari’a compliant savings account of its kind in the Sultanate.”

Bushra Prize Savings Account is based on the Sharia principle of ‘Mudaraba’ under which the bank invests customer savings in Sharia-compliant financing to generate the best possible returns and profits.

The customer acts as the capital provider while the bank takes up the role of ‘Mudarib’ or entrepreneur. Cash prizes offered under the scheme are gifted from shareholders’ funds. The minimum amount required to be eligible for the draws is only OMR 100, and customers also receive monthly generated profit on their deposited amounts.