Muzn Islamic Banking Launches Dedicated Privilege Banking

Muzn Islamic Banking, the Islamic Banking window of National Bank of Oman, has launched a Privileged Banking service which offers exclusive Shari’a compliant financial solutions that address the banking, investment, and lifestyle needs of our customers.

Nasser Salim Said Al Rashdi, Chief Commercial Banking Officer of the National Bank of Oman, said: “Muzn’s Privilege Banking is in line with our commitments to continue enriching the customer banking experience with a tailored and comprehensive suite of Shari’a compliant products and services. We understand that different customer segments have a unique set of needs, and our new Privilege Banking service is determined to make banking more convenient and enjoyable. The new addition will manage customers’ wealth and provide them with a set of financial and lifestyle opportunities including savings, current, premium, and other investments accounts that offer a distinctive range of competitive benefits.”

The Privilege Banking accounts are dedicated to our retail customers with monthly income of and more than OMR 1,000. All account holders will be presented with platinum ATM MasterCard’s as well as check books to manage their accounts seamlessly. Customers will receive additional benefits including priority access at branches, unlimited access to 750 airport lounges around the world, and premium deals at more than 900 prominent retailers worldwide which can be utilized through the Muzn Mobile Banking Application. Customers will need to maintain a minimum balance of OMR 10,000 to be eligible for Tier 1, and OMR 20,000 for Tier 2 Privilege Account benefits. A dedicated relationship manager is assigned to offer personalized services.

Established in 2013, Muzn Islamic Banking is the first Islamic Banking window in the Sultanate. The Bank conducts its operations based on principles of Shari’a guided by its high powered Shari’a Supervisory Board (SSB) which oversees all its products, transactions and policies to ensure they are in accordance to Shari’a standards.

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