Alizz Islamic Bank introduces ‘Alizz Jr’ offering parents financial solutions to secure their children’s future

Muscat: As part of its efforts to constantly provide exceptional product & services, Alizz Islamic Bank recently introduced the ‘Alizz Jr’ value proposition for parents with children under the age of 15. This comprehensive program offers a wide range of attractive benefits and services designed to meet the unique needs of today's parents, while also promoting a culture of saving. With a focus on securing a brighter future for the children. Parents/guardians can conveniently visit any branch of Alizz Islamic Bank in order to avail the program’s benefits.

‘Alizz Jr’ offers parents the opportunity to earn attractive profits on the amount they deposit in a savings plan that can be used for education/higher studies or for future savings of the child. This will provide parents with flexible options for deposits and standing instructions, allowing them to choose between weekly, monthly, quarterly, semi-annual, or annual contributions. This aims to support the children’s higher education studies, enabling them to continue their journey at an affordable finance rate with easy and flexible procedures in future.

Additionally, ‘Alizz Jr’ has no minimum balance requirement for savings accounts, allowing individuals to open an account without the need for a specific minimum amount. It also includes unlimited local funds transfers via the Mobile Payment Service (MPS / Wallet to Wallet fund transfer) through the Alizz Islamic Bank mobile banking application.

It is worth noting that Alizz Islamic Bank has adopted a comprehensive strategy to offer services and products that cater to the diverse segments of society, ensuring that the offerings are tailored to meet their needs.