Flexi Wakala Deposit

Save Flexibly. Earn as You Grow.
Sohar Islamic Flexi Wakala offers a Sharia-compliant and flexible way to grow your savings. Customers can start saving from any amount and earn expected profit based on the applicable profit slab rate. Whatever amount you save, you have the opportunity to earn expected profit while maintaining flexibility and access to your funds.

Eligibility

• Available for individual and corporate customers with an active Sohar Islamic account.
• Minimum investment amount starts from OMR 0, with expected profit applicable based on the respective profit slab rate.
• Customer must complete the required Wakala agreement and documentation.
• Available for all customer segments.

Benefits & Features

• Provides flexibility with access to funds while earning expected profit.
• Competitive Shari’a compliant expected return.
• Flexible tenure options based on customer requirements.
• Suitable for customers looking to balance liquidity and return.
• Partial withdrawal may be allowed subject to the Bank’s policy.
• Available for short and medium-term investment needs.

Terms & Conditions

• The investment is based on a Wakala arrangement in accordance with Shari’a principles.
• Expected profit is indicative and may vary based on actual investment performance.
• The customer may withdraw partially or fully subject to the applicable terms.
• The Bank may apply minimum balance requirements to continue earning profit.
• If the balance falls below the required minimum, no profit may be paid.
• The Bank reserves the right to amend the product terms with prior notice.