Hasalti Children's Savings Account is based on the Shari'a principle of Mudaraba and is a profit sharing account. Under this principle your savings are invested in Shari'a compliant financing to create the best possible returns.

Good habits are best instilled when young. Open an Alizz Children's Savings Account and teach your child how to save and plan ahead for the future in compliance with Shari'a. What's more, with just a minimum balance of RO 50, your child stands to win RO 100 in the monthly draw and enjoys exclusive discounts and great offers across Oman.

Save for Your Child’s Future with Hasalti Children’s Savings Account

• Payment of Generated Profit on a Monthly Basis
• 5 Winners of Monthly Cash Prizes as Hiba (gift) from the Shareholders
• Exclusive Discounts and Offers
• Eligibility for preferential rate on Education Finance when Account Holder turns 18 years

• All children 14 year or below are eligible to open the account
• Parent's Proof of identity
• Child's Proof of identity (Birth Certificate/ National identity card for Omanis/Passport for Expatriates)
• Proof of address

• A minimum of RO 10 should be deposited to the account every month to make the account eligible for benefits
• Incremental balance of RO 10 has to be maintained throughout the life of the account
• Non-compliance with this mandatory requirement for three consecutive months would make the account unqualified for any benefits and the account will be treated as a regular savings account

• Free Life Takaful for primary (guardian) account holder. Alizz Islamic Bank will bear the contribution of the Takaful cover
• Takaful cover will be equal to the Average monthly account balance held in the Hasalti Account, subject to a maximum of OMR 50,000/- per Guardian.
• If the average account balance is RO 5,000 then a Takaful cover will be for RO 5,000; and if the account balance is RO 50,000 then the Takaful cover will be RO 50,000, If the average account balance is OMR 60,000 then the Takaful Cover will only be OMR 50,000.
• Irrespective of the number of accounts linked to the same guardian, the total Takaful benefit amount paid by the Takaful Operator would be OMR 50,000/-.
• Takaful coverage of guardian shall cease at the age of 65 years.

Holders of Hasalti Children's Savings Account will be eligible to apply for Education Finance at preferential rates when they reach the age of 18 years.

• Every month 5 lucky winners will receive RO 100 each as Hiba (gift) from the shareholders
• By maintaining a minimum monthly average balance of RO 50 in your Hasalti account, you will be eligible for the draw and every additional RO 50 will give you an extra chance to win
• The winning amount of RO 100 will be deposited into the winner's Hasalti account

• Very competitive weightage will be provided to the account, and the generated profit will be given out on a monthly basis

Account Ownership

• The guardian will be the primary owner of the account till the child turns 18 years Terms & Conditions apply