Saving Plan

Securing a financially stable future starts today. Worry-free about the future as tomorrows’ needs will be satisfied by saving today bit by bit. Start saving now with Sohar Islamic Saving Plan.

It is based on the Shari’a principle of Wakalah where you are the capital provider “Muwakkil” and the Bank is the investment manager “Wakeel” for an agreed period of time.

Are you interested?

Saving Plan Features:


Shari’a Compliant

Approved by Sohar Islamic Shari’a Supervisory Board on the basis of Unrestricted Wakalah.


Riyal Omani and up to the bank to accept other currencies.

Min & Max Target Amount

There is no lower or maximum limit for the target amount.


Minimum tenure 6 months and maximum is 10 years.

Monthly Contribution/Instalment

Minimum is RO. 50/-

No maximum

Cash Withdrawals

Partial withdrawal of 10% of the total Plan Balance for a single Gregorian year.

Fees in case of partial withdrawal

1% of the withdrawn amount

Safe and secure saving compared to local group saving practices

Ability to open multiple plans for different purposes like: retirement, Haj, marriage, kid’s higher education and others

Fixed monthly contributions as low as RO.50/-

Partial withdrawal up to 10% of plan balance

Attractive profit rates

Profit is reinvested in the plan to meet target faster