Hasalti Children's Savings Account

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Hasalti Children's Savings Account is based on the Shari'a principle of Mudaraba and is a profit sharing account. Under this principle your savings are invested in Shari'a compliant financing to create the best possible returns.

Good habits are best instilled when young. Open an Alizz Children's Savings Account and teach your child how to save and plan ahead for the future in compliance with Shari'a. What's more, with just a minimum balance of RO 50, your child stands to win RO 100 in the monthly draw and enjoys exclusive discounts and great offers across Oman.

  • Payment of Generated Profit on a Monthly Basis
  • 5 Winners of Monthly Cash Prizes as Hiba (gift) from the Shareholders
  • Exclusive Discounts and Offers
  • Eligibility for preferential rate on Education Finance when Account Holder turns 18 years
  • All children 14 year or below are eligible to open the account
  • Parent's Proof of identity
  • Child's Proof of identity (Birth Certificate/ National identity card for Omanis/Passport for Expatriates)
  • Proof of address
  • A minimum of RO 50 should be deposited to the account every month to make the account eligible for benefits
  • Incremental balance of RO 50 has to be maintained throughout the life of the account
  • Non-compliance with this mandatory requirement for three consecutive months would make the account unqualified for any benefits and the account will be treated as a regular savings account
  • Free Life Takaful for primary (guardian) account holder
  • Takaful cover will be equal to 2 x the average monthly balance available in the account, with the maximum cover of RO 20,000 (e.g. if the average account balance is RO 5,000 then a Takaful cover will  be for RO 10,000; and if the account balance is RO 20,000 then the Takaful cover will be RO 20,000)
  • Alizz Islamic Bank will bear the contribution of the Takaful cover

Holders of Hasalti Children's Savings Account will be eligible to apply for Education Finance at preferential rates when they reach the age of 18 years.

  • Every month 5 lucky winners will receive RO 100 each as Hiba (gift) from the shareholders
  • Only Hasalti accounts with regular monthly transfer of a minimum RO 50 will be eligible for the monthly draw
  • The winning amount of RO 100 will be deposited into the winner's Hasalti account
  • Very competitive weightage will be provided to the account, and the generated profit will be given out on a monthly basis
  • Account Ownership

  • The guardian will be the primary owner of the account till the child turns 18 years Terms & Conditions apply

Click on the relevant links below to print the forms that you require. For your convenience, these forms are to be completed and submitted prior to visitiang the Branch, along with the relevant documents for further processing.

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