Putting you in control of your drive for profits in accordance with your beliefs
Muzn’s Flexi Wakala Account provides Shari’a compliant profits while providing superior banking services. It offers flexibility that allows you to terminate the agreement and withdraw funds at any time without any notice or charges.
How the Flexi Wakala Account works
Muzn’s Flexi Wakala Account is based on the Islamic concept of Wakala Bil Istithmar. Under this concept, you become the Principal (Muwakkil) and Muzn becomes the Investment Agent (Wakeel) of your funds. These funds are invested in Shari’a compliant businesses. The profit earned from the businesses is distributed to the customers on a monthly basis as per the terms of the Wakala agreement.
- Currency of your choice
- The Muzn Flexi Wakala Account is available in local and foreign currencies.
- Account comes with a Cheque book facility.
- Make unlimited deposits and withdrawals from any Muzn Islamic Banking branch.
Access your funds 24 hours a day through the OmanNet, GCC and MasterCard networks worldwide through your ATM/Debit Card with free withdrawals from Muzn and National Bank of Oman ATMs.
How to Apply
You can open Muzn Islamic Flexi Wakala Account with the minimum balance requirement of OMR 1,000. To complete the account opening process, please visit the following branches with your national ID Card/Passport and the rest will be taken care of by your Relationship Manager at the bank*.
Way No: 244
Al Sahwa Towers
Building No: 2, Ground Floor,
Way no: 6901,
Building no: 15
Near Sanaya Roundabout
Opposite Badr AlSamaa Poly Clinic
Way No: 4803
Building No: 24
Block No: 2248
Phone: 26846692, 26846044, 26846118
Hay Alain Junction
Near Aldiyar Hotel
Phone: 25411241, 25411681
Al Zaky Building
Opposite Souk AlMarkazi
* Terms & conditions apply.
Disclaimer: All Muzn Islamic Banking products and services are approved by the Muzn Shari’a Supervisory Board and are subject to Muzn Islamic Banking’s terms and conditions and submission of acceptable documentation.