Bank Muscat opens Shari'a money market fund to retail investors from RO 100
What's the deal? Bank MuscatDealroom has a profile for this one. Try Dealroom → has launched the Bank Muscat Shari'a Money Market FundDealroom has a profile for this one. Try Dealroom →, an open-ended vehicle registered with Oman's Financial Services Authority. It targets corporates, institutions, and individuals looking to park short-term and surplus liquidity in a Shari'a-compliant way.
The details: The fund invests in a diversified portfolio of low-risk, Shari'a-compliant fixed income instruments across Oman, the GCC, and international markets. Holdings include sukuk, murabaha, wakala, call accounts, commercial papers, and deposits with banks and financial institutions.
Terms: The New Fund Offer runs from October 11 to October 22, 2026, priced at 100 baizas per unit. The minimum subscription is RO 100 with no cap, no subscription or redemption fees, and daily liquidity with no minimum holding period.
Why now? Bank Muscat launched Oman's first money market fund in 2012 as a conventional open-ended product. That fund remains the largest open-ended money market fund in the country across all asset classes, and the new Shari'a vehicle extends the model to Islamic finance investors.
Who's involved? Bank Muscat acts as issue manager and investment manager, drawing on more than 30 years managing fixed income instruments. Meethaq Islamic BankingDealroom has a profile for this one. Try Dealroom → provides Shari'a governance through an independent Shari'a Supervisory Board, while Bank Muscat, Meethaq, Horizons CapitalDealroom has a profile for this one. Try Dealroom →, and Vision CapitalDealroom has a profile for this one. Try Dealroom → serve as collecting agents during the offer.
The signal: By pairing daily liquidity with a low entry point and no fees, Bank Muscat is pushing Shari'a-compliant cash management toward mainstream retail investors — a sign that Islamic finance products in the Gulf are moving from niche to default options for everyday liquidity.
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