NBO’s Islamic Banking Window, Muzn’s Kids Wakala Account Ensures a Secure Future No Matter What

Every parent’s ultimate goal is to ensure a safe, secure and comfortable future for their child. With a Kids Wakala account from NBO’s Islamic window Muzn, achieving that ambition has never been easier. With a minimum deposit of just OMR 50, and a minimum recurring deposit of just OMR 10, account-holders can enjoy numerous benefits including attractive saving options with a healthy return on investment, and Takaful coverage for the ultimate peace of mind. What’s more, a parent or guardian does not have to be a Muzn customer in order to open a Kids Wakala account for their child.

Salima Al Marzouqi, Chief Islamic Banking Officer of Muzn, said, “At Muzn we aim to create new possibilities for our customers that are guided by strong ethical practices. Our Kids Wakala account is just one of the ways we fulfil this, while helping people build a positive relationship with their finances from the very start. It’s easy to set up and provides a great way to teach children about the importance of saving, while ensuring their future is taken care of, no matter what life brings.”

Available for children up to 18 years of age, the Kids Wakala account comes with Takaful Life and permanent disability risk coverage with a double deposit benefit up to OMR 75,000. This means that in case of a claim, the Takaful Insurance Company shall pay an extra amount equal to the deposit as a benefit for the child. Hence, the higher the amount deposited, the greater the protection against unforeseen circumstances.

As the first Islamic banking window in Oman, Muzn is committed to fostering the development of the Sultanate’s Islamic Finance sector, while offering its customers the best banking experience without compromise. With an all-encompassing range of Shari’a-compliant banking services delivered to a growing customer base, the bank ensures convenient, headache-free Islamic banking products that are accessible to all.

To find out more and for terms and conditions, call 24770001 or visit www.muzn.om.