Term Deposit

Term Deposit

Achieve your goals, in line with your values, with a Sohar Islamic Term Deposit. Supervised by the Sharia Supervisory Board, fulfill your aspirations without compromising on your principles. A trusted, secure Term Deposit that encourages you to grow your ambition and secure future successes with confidence. It’s just one part of our commitment to provide the highest levels of excellence in everything we do.

Benefits

• Shari’a compliant investment based on Islamic principles.
• Competitive expected profit rates.
• Choice of different tenures to suit customer needs.
• Multiple profit payment options such as monthly, quarterly, semi-annually, annually or on maturity.
• Available in different currencies.
• Fixed investment period providing better profit planning.
• Automatic renewal option available upon maturity.

Eligibility

• Available for Omani and expatriate individuals aged 18 years and above.
• Available for corporate, SME and government customers.
• Customer must hold an active Sohar Islamic account.
• Minimum investment amount starts from OMR 1,000.
• Available in OMR and selected foreign currencies.

Terms & Conditions 

• Expected profit rate is indicative and not guaranteed.
• Profit will be paid based on the agreed tenure and payment frequency.
• Early withdrawal before maturity may result in reduced or no profit.
• The Bank may request supporting documents before opening the deposit.
• The deposit will be automatically renewed if the customer selects auto-renewal.
• Terms and conditions are subject to change in line with the Bank’s policy and Shari’a requirements.