Bank Muscat, the leading financial services provider in the Sultanate of Oman, announced the successful launch of its newly offered “Bank Muscat Shari’a Money Market Fund”, with the solution having witnessed strong demand from retail, corporate and institutional investors. The robust subscription underscores investor confidence in Shari’a-compliant investment solutions and in the Fund’s ability to provide an effective short-term and surplus liquidity management tool, combining capital preservation, daily liquidity, and the pursuit of stable returns.
The Fund was offered for subscription from 11th to 22nd October 2026 at an initial offer price of 100 baizas per unit, with a minimum subscription of OR 100, no maximum investment limit, and no subscription or redemption fees. This structure attracted a broad base of retail investors, alongside significant uptake from corporates and institutions seeking a flexible and reliable instrument to manage excess liquidity under Shari’a-compliant principles. Bank Muscat Shari’a Money Market Fund is an open-ended mutual fund registered with the Financial Services Authority (FSA) of Oman. The Fund invests in a diversified portfolio of high-quality, low-risk Shari’a-compliant fixed income instruments across Oman, the GCC and international markets, including deposits with banks and financial institutions, sukuk, murabaha, wakala, call accounts, and commercial papers.
Commenting on the occasion, Khalifa Abdullah Al Hatmi, Deputy General Manager of Investment Banking & Capital Markets at Bank Muscat, expressed his delight at the overwhelming response and the strong appeal from diverse investor segments to the Fund. He noted: “This strong demand reflects over 40 years of customer trust and confirms market demand for investment solutions that combine capital preservation, stable Shari’a-compliant returns, and unrestricted daily liquidity with no fees. The Fund represents a qualitative addition to the wide range of mutual funds managed by Bank Muscat’s Asset Management and a strategic step to enhance financial inclusion and provide innovative investment solutions catering to different investor segments, in line with Oman Vision 2040 objectives to develop the financial sector and diversify investment instruments.”
Bank Muscat Shari’a Money Market Fund will reopen for subscription on November, 3rd 2026, allowing retail, corporate and institutional investors to continue subscribing to Fund units. The Fund’s Net Asset Value (NAV) will be published daily on the Bank Muscat website and the Muscat Stock Exchange (MSX) website, enabling investors to track their investments on a daily basis. Bank Muscat and Meethaq Islamic Banking customers wishing to subscribe into the Fund will be able to download the application form from Bank Muscat website and submit it at their nearest Bank Muscat or Meethaq branch. Subscription is also available through Bank Muscat’s Internet Banking and Mobile Banking (IBMB) platforms as well as Meethaq Islamic Banking’s Mobile Banking application. For any enquiries regarding the Fund, investors can contact the dedicated fund team at [email protected].
The Fund offers several key features, including daily liquidity with no minimum holding period, enabling investors to access their investments at any time and redeem fully or partially along with accrued returns. Redemption requests can be submitted by delivering a completed redemption form to Bank Muscat on any Business Day before 12:00 PM, with proceeds credited to the investor’s bank account on the next Business Day. Requests received after 12:00 PM will be processed within two Business Days. Alternatively, Bank Muscat and Meethaq Islamic Bank customers can redeem their investments digitally through Bank Muscat’s Internet Banking and Mobile Banking platforms or Meethaq Islamic Banking’s Mobile Banking application.
Bank Muscat acts as the Issue Manager and Investment Manager for the Fund, leveraging over 30 years of asset management expertise across various asset classes, including fixed income instruments, while Meethaq Islamic Banking provides Shari’a governance through a comprehensive Shari’a structure and an independent Shari’a Supervisory Board. The launch builds on Bank Muscat’s pioneering track record since launching Oman’s first money market fund in 2012, which continues to maintain its position as the largest open-ended money market fund in Oman, driven by its strong performance, attractive returns and high liquidity.
For more information, please refer to the Prospectus of the Bank Muscat Shari’a Money Market Fund available on the Bank Muscat website for full details including key terms and conditions. Investors are also advised to refer to the key risk factors outlined in the Prospectus. It should be noted that returns from mutual funds may be affected by market-related performance factors.
