MUSCAT, 10 October 2015 – In step with the dynamic 'Let's Do More' vision, the focus of Bank Muscat, the flagship financial services provider in the Sultanate, is clear – create a sustainable financial platform and thereby contribute to the country's progress and development. Doing more is the forte of Bank Muscat - more for the nation, more for the community and more for the individual. Thanks to the trust and confidence reposed by the people and nation, Bank Muscat prides itself to be the No. 1 bank in the Sultanate.
Incorporating sustainable best practices, Bank Muscat has taken the lead in inculcating a strong savings culture in Oman. The underlying commitment is to extend the hand of guidance to help customers save for the future and well-being of their near and dear ones.
Bank Muscat has introduced innovative savings products and services covering key stages of life, including childhood, youth, higher education and retirement as well as bancassurance products for protection of life and assets. The motivational factor for savings is to help customers achieve their aspirational dreams of higher education, vehicles, home, retirement income and a prosperous future.
Aimed at the well-being of families, al Mazyona, the flagship savings scheme in Oman, has succeeded in making a lasting difference in the lives of customers. Targeted at all nationalities and segments, including children, youth, ladies and high savings balance customers, al Mazyona has come a long way in helping customers develop a strong savings habit critical for the future development of Oman.
Marking Oman's 45th Renaissance anniversary, Bank Muscat launched the biggest prize money of RO 9 million for 2015 al Mazyona savings scheme. Structured on the thematic '45' reflecting the Sultanate's 45 years of Renaissance under the leadership of His Majesty Sultan Qaboos bin Said, the 2015 al Mazyona savings scheme campaign evocatively articulates a powerful call to action - 'Save more, Dream big'. As on date, al Mazyona scheme guaranteeing more for everyone to share is the biggest prize money in Oman and the region.
The al Mazyona scheme reaches out to all individual segments with exclusive prizes earmarked for children, youth, ladies and high savings balance customers in all regions. The enhanced prize money is shared by more winners as customers from all regions are guaranteed to win prizes ranging from RO 45,000 a week to RO 450,000 a month and RO 1.5 million at the end of the year. A special prize draw offering RO 450,000 in celebration of the 45th National Day is another highlight.
The 2015 al Mazyona scheme offers exciting weekly, monthly and year-end prizes. Winning with al Mazyona has never been simpler as customers are not required to block their money for long or wait for a long time to win big prizes. The objective of al Mazyona is to create a lifetime change for winners and allow them to invest the prize money in things that will make a lasting difference and the well-being of their families.
Aimed at laying a strong foundation by inculcating the savings habit in children, al Mazyona Children's Account rewards them with monthly prizes. By maintaining a monthly balance of RO 50, al Mazyona Children's account holders get a chance to win 45 prizes of RO 100 each every month. Encouraging the savings culture among children and helping parents to prepare for the future of children, al Mazyona Children's Account offers unique privileges and facilities.
Shababi represents the country's youth who are the future of Oman. Notably, Shababi encourages the youth from an early age to develop a savings habit, thereby making a positive contribution to the socio-economic development of Oman. Youth customers opening a Shababi account with just RO 10 get a chance to win RO 300 every month. In all, there are 45 winners every month in the youth category. Shababi account holders are also eligible for other al Mazyona prizes by maintaining a minimum balance of RO 100.
Encouraging the savings culture among women, al Mazyona offers three weekly prizes of RO 1000 each for Zeinah customers maintaining a minimum balance of RO 100.
Al Jawhar Privilege banking customers maintaining a minimum balance of RO 10,000 in their savings accounts are eligible to participate in exclusive al Mazyona monthly draw offering one prize of RO 10,000, in addition to all other al Mazyona prize draws.
asalah Priority banking customers maintaining a minimum balance of RO 30,000 are eligible to participate in all al Mazyona prize draws, in addition to exclusive draws earmarked for them, including monthly prize of RO 10,000 and RO 100,000 year-end prize.
Bank Muscat has taken initiatives to ensure financial security covering key stages of life. Aimed at providing financial security for higher education, Themaar Education Savings Plan is a flexible scheme in which a nominal monthly amount is invested on behalf of the beneficiary i.e. children, which grows into a substantial lump-sum. The scheme offers waiver of future monthly deposits in the event of death of the family's breadwinner (customer who has opened the Themaar Savings plan), while guaranteeing a lump-sum amount to the beneficiary on maturity of the savings plan. The monthly savings is eligible to participate in the exciting al Mazyona draws.
Ensuring financial security after retirement, Themaar Retirement Savings Plan guarantees a comfortable retirement income. With a long-term perspective, Themaar helps customers to determine their post-retirement financial needs and save in tandem. At a time when savings are critical to ensure the well-being of one's family, Themaar helps maximise savings.
Complementing savings and helping customers to face any eventualities, Bank Muscat offers a wide range of bespoke bancassurance products in association with leading global insurance partners. AXA Gulf - one of the largest international insurers in the region - offers life insurance and health products to Bank Muscat customers. The alliance combines the regional expertise and footprint of Bank Muscat with the global knowhow and technical capabilities of AXA, to deliver greater value and service to Bank Muscat customers, who are increasingly seeking quality insurance solutions.
Leading international insurance company American International Group (AIG) is the exclusive provider of non-life insurance products to Bank Muscat customers. The partnership has enabled the bank to enhance value offered to customers with world-class insurance coverage and service, with a focus to meeting their evolving insurance needs over the long term.
Being faithful to its vision, Bank Muscat remains committed to supporting customers in all stages of their life, providing a unique banking and financial experience in the journey of success.