Yes. The account is based on the concept of Mudarabah and profit is paid every month based on the average balance.

No. There is no minimum balance requirement.

• Copy of Passport / National ID and Birth Certificate of the child
• Copy of National ID or Resident ID and passport visa page of father / guardian
• Proof of address (copy of electricity or water bill)

The father/guardian can deposit and withdraw funds at any time. However, there is a withdraw limit of OMR 50 per transaction and OMR 200 per month. 

The father/guardian can change the limit after risk assessment by Bank.

Yes. There is instant issuance of a Debit Cards with the father/ guardian’s name printed on it.

No. It is not possible to open a Joint Children's Account.

No. There is no minimum balance fees on the Children’s Account.

A savings deposit plan and standing instructions are the other features that are accessible. 

You can apply on www.dhofarislamic.com, or drop in at any DhofarIslamic branch. Find your nearest location click here.

If you have a query, call us anytime 24x7 on +968 24775777.