Accounts

Wakala Fixed Deposit

Al Yusr Wakala Fixed Deposit is a profit bearing account with fixed maturity periods starting from 3 months upto 5 years.

The account is based under the Islamic Shari’a principle of unrestricted Wakala bil Istithmar, where Al Yusr works as investment agent (Wakil) to invest the funds in its business to generate the return.

For Al Yusr Fixed Deposit, you will know your indicative Wakala profit rates at the time of opening the accounts. The profit is paid to you on the maturity of your fixed deposit period.

  • Allows Customers to earn Shari’a compliant Halal returns on their investments.
  • Available for flexible fixed maturity such as 3 months, 6 months, 12 months upto maximum 5 years.
  • Indicative Wakala profit rates are known to customers at the time of opening accounts unlike Mudaraba deposits.
  • Profit is paid on maturity of the fixed deposit period.
  • The Minimum Deposit Amount is OMR 10,000
  • Available in Omani Rial
  • Available for High Net worth Individuals and Retail customers

To apply and for more information please call Al Yusr (24X7) Call Center on +968 24 754 666

Terms and conditions apply*