MUSCAT – Meethaq Islamic Banking from Bank Muscat has been awarded as the “Best Islamic Bank in Oman 2025” title at the Euromoney Private Banking Awards. This accolade reflects Meethaq’s significant role in offering innovative Sharia-compliant banking services and facilities tailored to the diverse needs of its customers.
On this occasion, Ali Ahmed Al Lawati, Assistant General Manager – Meethaq Corporate Banking, expressed his pride in the ongoing global recognition Meethaq continues to receive. He noted: “We are deeply honoured by this recognition, which reflects Meethaq’s pioneering role in the industry by offering comprehensive solutions that meet the varied requirements of customers. Meethaq has significantly contributed to reshaping the Islamic banking landscape in the Sultanate, evident in the trust and strong uptake from customers for the Meethaq’s Sharia-compliant financial solutions, while maintaining a commitment to excellence and innovation. Meethaq will continue upholding its ongoing dedication to delivering distinguished and forward-thinking Islamic banking solutions aligned with customers’ aspirations and financial goals.”
Meethaq provides a full suite of Sharia-compliant banking products and financing solutions designed to serve the needs of individuals, SMEs, and corporate entities. All offerings are subject to the regulatory framework of the Central Bank of Oman and undergo thorough Sharia audit and supervision by Meethaq’s Sharia Supervisory Board to ensure full compliance with Islamic jurisprudence. The Sharia-compliant offerings which Meethaq provides to its retail customers include deposit products such as savings accounts, current accounts, children’s savings accounts, and Meethaq’s structured savings plans. On the financing offerings, Meethaq offers a range of Islamic finance facilities including personal finance, auto finance, home finance, and funding for travel, education, marriage, and personal purchases. For its SME and corporate customers, Meethaq provides a variety of commercial banking solutions including current accounts, project finance, short-term and long-term financing facilities, trade finance based on “Ijarah”, and large-scale project financing.
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