This innovative deposit plan is designed specifically with your future in mind!

Al Morunah is our new deposit scheme with insurance cover giving you the opportunity to deposit money at your own convenience. It enables you build up sizeable deposits to help you bring future plans and ideas to fruition. Interest is calculated on a daily basis at the prevailing rate and payable quarterly.

Al Morunah depositors between the ages of 5 and 65 years are covered under our Insurance plan. For deposits of between OMR 25,000 and OMR 75,000, a Health Declaration is required. In the case of deposits above OMR 75,000 a Medical Examination is required.

Insurance is claimable in the event of any of the following incidents

Death due to any cause

Permanent total disability due to accident or sickness

In addition to recovering your deposit plus interest, you are also entitled to insurance cover up to 100% of the outstanding value of the deposit.

Features and important notes to remember

Minimum initial deposit of OMR 500/- is required.

No fixed installment schedule or amount required. Additional deposits of any value, at any time are acceptable.

Deposits shall be maintained for a minimum period of one year from the date of deposit without withdrawals in principle.

Under exceptional circumstances, withdrawals will be allowed within the year period. In such case no interest will be paid on the deposit from which full or partial withdrawal is made.

Account holders may avail themselves of loans up to 90% of the deposited balance amount.