Meethaq Islamic Banking participates through a dedicated stall in the GCC forum on zakat

by | Sep 17, 2023 | 0 comments

MUSCAT – Meethaq Islamic Banking from Bank Muscat participated recently in the GCC forum on zakat and the first meeting for zakat committees in Oman held at Oman Across Ages Museum. The forum was attended by authorities responsible for managing and distributing zakat in the member states of the Gulf Cooperation Council (GCC) and members from zakat committees affiliated with the Ministry of Endowments and Religious Affairs. It included as part of its activities an exhibition for zakat committees and panel discussions for committees’ members. Meethaq is keen to participate in different events to showcase its wide array of services and products designed to meet the needs and aspirations of its valued customers.

During the 3-day forum, Meethaq showcased through its stall at the museum its various customized services and facilities that are developed based on the best Islamic Banking standards. The digital banking services provided by Meethaq have made it easy and convenient for customers to manage their transactions, including for example, how to calculate zakat and paying zakat and charity amounts easily through its internet and mobile banking services. 

Ali Ahmed Al Lawati, Assistant General Manager, Meethaq – Corporate Banking, said: “Meethaq has always been at the forefront in actively participating in different events since it is a great opportunity to meet with our valued customers and get to know more about their needs and answer any questions they might have about the services offered. Meethaq will continue working on its strategy towards development and innovation to offer the best services possible. I would like to take this opportunity to thank the organizers and wish them and the zakat committees participating all the best.”

Ali Al Lawati further pointed out that the zakat committees play an essential role in the Sultanate as they are constantly working towards developing projects that can ensure providing a sustainable income for those who are eligible for zakat. Meethaq Islamic Banking plays as well a pioneering role in providing the best banking services in line with Shari’a and encourage the community to pay their zakat through a number of awareness programmes organized throughout the year. Meethaq is proud of its partnership with the Ministry of Endowment and Religious Affairs and cooperation in implementing a number of joined programmes in this regard. 

Meethaq provides a vast array of services including several variants of Savings and Current Accounts customized to meet the needs of different customer segments, financing solutions such as Home Financing, Car Financing, Personal Goods Financing, Travel Finance, Personal Financing, Education Finance, Marriage Finance, Diminishing Musharaka Financing and Goods Murabaha Financing. Meethaq also offers credit cards, debit cards, Motor Takaful solutions, Trade Finance solutions and Hafawa Premium Banking services. With the aim of offering a full range of Islamic financial offerings to cater to the different customer segments, Meethaq provides products suited to the needs of corporates and SMEs which include current account, project financing, working capital facilities and tailored financing solutions based on their business needs.

Since its inception, Meethaq has established the largest Islamic branch network in Oman with 27 branches, a dedicated network of over 50 ATMs/CDMs, and free access to more than 750 ATMs and CDMs of Bank Muscat across the country. Every Meethaq product goes through the process of Shari’a compliance certification by its Shari’a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman. Meethaq’s adoption of AAOIFI standards (Accounting & Auditing Organisation for Islamic Financial Institutions) further distinguishes Meethaq Islamic banking practices in terms of standardisation of its products and services complementing its world-class Islamic banking experience.For more details about Meethaq Islamic Banking and for more information about the different services offered, please visit or call on 24656666.

Share this on:


Submit a Comment