Friday 27 / December / 2024
Alizz Islamic Bank strives to promote the culture of saving amongst children through various methods and the bank is proud that with its ‘Alizz Jr’ value proposition this can be demonstrated in the very early stages of childhood. Good habits are best instilled when young and through this program the bank equips children with the financial tools to save towards their future.
The ‘Alizz Jr’ value proposition for parents with children under the age of 15 offers children 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 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 fund 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 is committed to playing a vital role in spearheading financial literacy and advocating programs that increase awareness to society. Through its dedicated efforts, the Bank has been consistently offering various financial solutions to encourage best practice.
