MUSCAT: Meethaq Islamic Banking, from Bank Muscat, solidifies it dedication to financial inclusion with a progressive savings account. This account is designed to provide customers with a range of Shari’a compliant product and services, aligning seamlessly with Meethaq’s ongoing commitment to excellence. Meethaq encourages customers to open a savings account that cater to various customer segments, including the elderly who can conveniently receive their social benefits while enjoying an array of various advantages.
Demonstrating leadership in customer-focused solutions, the savings account helps customers achieve their long-term objectives and also contributes to fostering a robust savings culture in Oman. Key features of the Meethaq savings account include a competitive rate credited to the customer’s account on a monthly basis, no minimum balance requirement for profit eligibility, free life Takaful for customers maintaining an average balance of RO 30,000, no minimum balance fee and Debit Card with a daily cash withdrawal limit of RO 600 on local ATMs. Moreover, customers benefit from the convenience of managing their accounts seamlessly through 24×7 electronic banking services, enjoy global purchases at millions of Visa endorsed shopping outlets, pay bills for electricity, water, telephone, internet and school fees.
Opening a Meethaq savings account is a hassle-free experience, supported by a straightforward documentation process and the flexibility of multiple currencies, including OMR, USD, AED and GBP. The account is based on the mudarabah contract, a form of Islamic sharia’a compliant partnership. All Meethaq products undergo a rigorous Shari’a compliance review and certification by the Shari’a Supervisory Board and are developed in accordance with the guidelines of the Central Bank of Oman.
Reaffirming its commitment to excellence in the banking sector, Meethaq Islamic Banking has received several prestigious awards from esteemed regional and global institutions. These include the Oman’s Most Trusted Brand Award for Islamic Banking from “Apex Media”, the Leading Islamic Banking Brand Award From “The Banker”, multiple prestigious awards from “Islamic Finance News”, The Best Islamic Bank Award in Oman, and several awards from "Global Islamic Finance" such as GIFA Market Leadership Award for 2023 and the Best Islamic Digital Bank Award in Oman.
Customers interested in applying for the Meethaq savings account can visit their nearest Meethaq branch or contact the 24×7 call center at 24656666 for further details. Additional information is available on Meethaq’s website: https://www.meethaq.om/en/depositproducts/Pages/details.aspx#saving.