Muscat:
In recognition of its pioneering roles in advancing the Islamic banking sector in the Sultanate of Oman while delivering top-tier Sharia’a Compliant financial solutions to individual and corporate customers, Meethaq Islamic Banking from Bank Muscat has been honored with the Best Islamic Investment Bank in Oman 2025 by the prestigious Islamic Finance News (IFN). At a high-profile award ceremony held in Dubai, Salim Said Al Shanfari, Chief Representative of the Bank’s UAE Representative Office, received the award on behalf of Meethaq. The event was attended by distinguished officials from across the Middle East. This accolade reflects Meethaq’s excellence in Islamic Banking and its contribution to customer needs by offering innovative Sharia-Compliant banking solutions and services to customers.
Speaking about this milestone of achievement, Ali Ahmed Al Lawati, Assistant General Manager – Meethaq Corporate Banking, expressed his delight, stating: “We are immensely honored to receive this prestigious award, which stands as a statement to Meethaq’s unwavering commitment to excellence in Islamic Banking. This recognition would not have been possible without the trust and confidence of our valued customers. We extend our gratitude to the Islamic Finance News team for recognizing Meethaq’s leadership in the industry. We remain dedicated to delivering exceptional Sharia compliant services and innovative solutions that align with the aspirations of our customers.”
Al Lawati further emphasized Meethaq’s ongoing journey of success, saying: “Meethaq has reached significant milestones by continuously enhancing its portfolio of tailored Sharia’a Compliant financial products. One notable achievement is the launch of the Meethaq Equity Fund, a Sharia-Compliant investment fund developed in collaboration with Bank Muscat’s Asset Management Unit. The Fund is designed to drive long-term capital appreciation and dividend distributions through investments in Sharia-compliant stocks listed in the Sultanate and across the GCC region. This is just one example of how Meethaq remains at the forefront of innovation, providing customers with value-driven Islamic Banking solutions.
Beyond industry recognition, Meethaq continues to offer a comprehensive suite of Sharia-compliant banking products and facilities, ensuring they cater to the evolving needs of individuals, SMEs, and corporates. These products undergo rigorous Sharia compliance certification by the Sharia Supervisory Board and adheres to the guidelines set forth by the Central Bank of Oman. Meethaq Islamic Banking offers various types of savings and current accounts, including children saving accounts and Meethaq saving plan. It also provides diverse financing solutions such as personal financing, car financing, home financing, travel finance, education finance, marriage finance, and personal goods financing. In addition to individual banking, Meethaq plays a pivotal role in catering to corporates and SMEs by offering a diverse range of products and services. These include current accounts, project financing and working capital financing, as well as short-term and long-term financing solutions, such as commercial financing, “Ijarah” financing, and Sharia-compliant large-scale projects.
Strengthening its presence across the Sultanate, Meethaq operates 32 branches, complemented by a network of more than 50 ATMs and CDMs, with access to an extensive banking network of 900 ATMs and CDMs of Bank Muscat. This widespread infrastructure ensures that customers can easily and conveniently access Meethaq’s Sharia’a compliant banking services.
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. Among its notable achievements, Meethaq won the Oman’s Best Domestic Islamic Bank from “Euromoney”, The Best Islamic Digital Bank in Oman Award as well as the Market Leadership Award from Global Finance, the Best Islamic Window in Oman Award at the Themar Excellence Awards Conference organized by the Arabian Stories, and Oman’s Top Brand in Oman Award in 2024 from Apex Media. These recognitions reaffirm Meethaq’s position as a leading Islamic Banking institution, dedicated to trust, innovation, and excellence in providing Sharia’a compliant financial services that meet the needs of individuals and business alike.
