It is a deposit account based on the Islamic banking concept of Wakalah, which involves the appointment of an asset manager to grow one’s funds through Halal investments. The services may incur a fee.
The Ameen Term Deposit is based on the Islamic concept of Wakalah and allows you to invest in Omani Rials and foreign currencies. It offers investment tenures from 1 day to 60 months.
In addition, you may create a standing instruction to reinvest the maturity along with profit for the same or a different tenure.
