The Al Amaal account offers you the ideal way to invest your small monthly savings so that you reap handsome returns on maturity-a great way to save for your family's future.

In an Al Amaal account, you deposit a specified amount of money every month for a fixed period. These savings are accumulated in your Al Amaal account over time so that you earn interest on your savings and get more than the total sum you invested when your investment matures.

Assured Savings

While you may be tempted to spend your money, an Al Amaal account creates the discipline that ensures you save a portion of your earnings every month through monthly recurring deposits.

Foreign Currencies Accepted

Al Amaal accounts allow individuals who earn in different currencies to maintain their deposits in the currency of their choice. Al Amaal accounts are available in OMR, AED and USD.

Flexible Interest Rates

Different people have different needs. In order to cater to your needs, interest rates on Al Amaal accounts are flexible depending on the tenure of your deposit.

Easy Withdrawals

In case of emergencies, Al Amaal accounts provide you with the option of withdrawing from your deposits. In Al Amaal accounts, three withdrawals are permitted annually.

All individuals (Omani / Expatriates) including minors.

The following documents are required to apply for an Al Amaal account:

  • Proof of identity (National identity card for Omanis/Passport for Expatriates)
  • Account Opening form
  • KYC form
  • Specimen Signature (SS) card

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