Savings Account

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We at Alizz Islamic Bank are proud to help you grow your money with our Savings Account. Managed under the Islamic principle of 'Unrestricted Mudaraba' where you earn profit on your savings, your money is invested in Shari'a compliant Islamic assets to create the best possible returns. So start planning for your future, start saving with us.

  • Fast and easy documentation
  • FREE Debit Card with same day issuanceand collection (for OMR accounts only)
  • FREE online banking, SMS alerts & mobile banking.
  • Profit payment on a monthly basis
  • Available for minors
  • Available in multiple currencies

Our Savings Account (Mudaraba) is based on the Shari'a principle of 'Unrestricted Mudaraba'. Under 'Mudaraba' principle the customer will act as a capital provider and the bank will act as a 'Mudarib' or 'entrepreneur' using its expertise. The bank pools all customer funds along with its own capital and invests it in Shari'a compliant modes of investments. The resulting profit is shared between the bank and customers according to pre-determined ratios. 'Mudaraba' is a profit and loss sharing product and the better the bank performs, the higher the profits earned.

  • Signed application form
  • Resident Card for both Omani National and Expatriate
  • Passport with valid visa page for Expatriate

    Terms and 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 visiting the Branch, along with the relevant documents for further processing.

Download Form

Approved by Shari'a Supervisory Board

All Alizz Islamic Bank products and services are approved by Shari'a Supervisory Board.

To view the fatwa issued by Shari'a Supervisory Board authenticating compliance of the product please check the following link: Certificate