Entries in English and Malay (Bahasa Melayu)

Tuesday, 30 December 2014

Al Hilal Islamic Bank launches new savings account

Al Hilal Islamic Bank has launched all-new 'Al Namaa Islamic Savings Account', an investment opportunity for depositors who wish to earn returns on their investments.

By investing in the bank's Al Namaa Islamic Savings Account, the depositor (Rabbul-Mal) authorises the bank (Mudarib) to invest their funds under the unrestricted Mudarabah contract. The bank invests these deposits in its Mudarabah pool along with other deposits and the equity. The profit on the Mudarabah pool is distributed amongst investors, taking into consideration the tenor, amount of the deposit and profit payment frequency for the account.

Abdullah Al Jabri, general manager (Head of Islamic Banking) at ahlibank said, "We are delighted to offer our loyal customers yet another market driven and customer focused product. At Al Hilal Islamic Bank we aim to not only be able to better serve the needs of customers, but also establish our growing reputation as a local bank fully committed to preserving the values of the community." 

"We are pleased to contribute to Oman's aspirations of becoming a hub for Islamic finance, and understand that our suite of customer-centric solutions is crucial to serve and fulfill our customers' needs. We are confident that with products like 'Al Namaa', Al Hilal Islamic will further establish its position as a reliable and trusted banking partner in the Sultanate," he added.

The Al Namaa Islamic Savings Account has several features and benefits that include: 100 per cent capital investment in Sharia-compliant way; high-profit weightages, based on deposit tiers; immediate access to funds with no minimum investment period; and day-to-day checking account which offers flexibility of unlimited transactions through ATM/Debit card and cheque book. Profit calculated on monthly average balance and distributed on monthly basis; cash management, 24-hour a day with simple e-banking, mobile banking, call centre, Al Hilal Islamic banking branches or Visa debit /ATM card accepted, are some of the other advantages.

(Times Of Oman / 29 December 2014)
Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia:

No comments:

Post a Comment

Latest Posts

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational

Alfalah Consulting's facebook


Alfalah Consulting is NOT providing any kind of loan to finance project etc and asking for a fee. If you've received any email claiming to be from Alfalah Consulting, offering loan to you, please ignore it or inform us for further actions. Our official email is If you've received an email from, that's NOT from us. Be cautious!