MUSCAT,
Meethaq Islamic Banking from Bank Muscat, has been honored with the esteemed Global Islamic Finance Award (GIFA) for Market Leadership. This prestigious recognition highlights Meethaq’s unwavering commitment to advancing the Islamic Banking landscape in the Sultanate of Oman. The accolade underscores Meethaq’s dedication to providing top-tier Sharia-compliant services and innovative solutions tailored to the diverse needs of individual and institutional customers. Since its inception, Meethaq has remained steadfast in its mission to excel consistently delivering financial solutions that align with evolving customer requirements.
Speaking on the recognition, Ali Ahmed Al Lawati, Assistant General Manager, Meethaq Corporate Banking, expressed his delight, stating: “We are immensely honored to receive this prestigious award, which reflects Meethaq’s enduring journey of accomplishments and successes. We extend our gratitude to the GIFA team for recognizing Meethaq’s leadership in the Islamic banking sector. This recognition would not have been possible without the trust and confidence of our valued customers. Meethaq remains committed to delivering exceptional Sharia compliant services and innovative solutions that meet the aspirations of our customers while adhering to the international standards.”
Ali Al Lawati added that Meethaq Islamic Banking has achieved significant milestones in its journey by offering tailored Sharia-compliant services that have received widespread positive feedback. Highlighting one such achievement this year, he noted: “Meethaq Equity Fund is a Sharia-Compliant equity fund launched in collaboration with Bank Muscat’s Asset Management Unit. The Fund is designed to achieve long-term capital appreciation and dividend distributions by primarily investing in a portfolio of sharia-compliant stocks listed in the GCC region. This is just one example of how Meethaq continues to innovate and deliver value-driven banking solutions to our customers.”
Meethaq Islamic Banking provides a wide range of Sharia-compliant banking services and facilities designed to meet the diverse and evolving need of its customers. All services are rigorously certified by the Sharia Supervisory Board and adhere to the guidelines established by the Central Bank of Oman. For individual customers, Meethaq offers various products, including different types of savings and current accounts, children saving accounts, Meethaq saving plan, financing solutions such as personal financing, car financing, home financing, travel finance, education finance, marriage finance, and personal goods financing. For corporate and SMEs customers, Meethaq provides tailored financial solutions, including, current accounts, project financing, short-term and long-term products being funded and non-funded. Furthermore, strengthening its branch network, Meethaq operates 29 branches across the Sultanate, complemented by over 50 ATMs and CDMs. Additionally, customers can complete their transactions easily and conveniently through more than 830 ATMs and CDMs of Bank Muscat. Top of Form
In recognition of its stance of excellence in the Banking sector, Meethaq Islamic Banking has received several awards during the past few years from regional and global highly ranked institutions. Meethaq won the Best Domestic Islamic Bank in Oman Award from “Euromoney”, Best Islamic Digital Bank in Oman Award from “Global Finance”, Best Institution for Islamic Banking in Oman Award at the Islamic Banking Conference Awards “Themar” organised by The Arabian Stories, Oman’s Most Trusted Brand Award for Islamic Banking from “Apex Media”, and The Leading Islamic Banking Brand Award from Global Brand Magazine.
