Meethaq Islamic Banking from Bank Muscat reaffirms its commitment to offering a full suite of innovative products and exclusive banking services to its valued customers. In line with this customer-oriented philosophy, Meethaq offers its savings plan designed to encourage customers to open a savings account which introduces exceptional rewards and benefits, aiming to meet the needs and aspirations of customers from all segments of society. This savings plan is part of ongoing efforts to provide an unparalleled banking experience in compliance with the principles and provisions of Islamic law. It also reinforces Meethaq’s leadership in offering top -tier Sharia’a compliant banking solutions that promote financial well-being and independence.
Meethaq Savings Plan is a financial tool that provides customer with flexibility to save an amount of money on specific interval in a systematic manner and get a corpus of funds at the end of desired plan in line with financial objectives. It is an ideal opportunity for both Omanis and non-Omanis to achieve long-term financial goals, such as preparing for unexpected life events, or planning for retirement. It also supports customers in seizing future opportunities, including funding their children’s education, fulfill perfect gateway with family or even buying a dream house. The plan allows customers to save a minimum monthly contribution of 50 OMR and offers flexible deposit options that include monthly, quarterly, semi-annually, or annually contributions. During unforeseen circumstances, customers may partially withdraw 10% of their accumulated balances one time in a calendar year. Additionally, in order to provide a peace of mind to our customers, the product also offers a takaful coverage of up to 100,000 OMR which will act as a safety net during the unfortunate event occurs to the accountholders.
In his remarks about the product, Sami Bait Rashid, Assistant General Manager, Meethaq Personal Banking, said: “Meethaq Savings Plan was designed as part of Meethaq’s commitment to helping customers to secure better financial future and assisting them to build up cash for substantial future expenditures. The plan is also suitable for individuals keen to grow their wealth over the medium to long term, while also ensuring that they are prepared, in advance, for unfortunate events. This plan underscores Meethaq’s ongoing pledge to promote financial literacy and cultivating saving habit amount our customers. It is also part of Meethaq’s manifestation to its customer-driven vision by providing banking solutions compliant with the Islamic law.”
Sami Bait Rashid further explained that Meethaq Islamic Banking Meethaq recognizes the rapid growth of digital banking solutions and keeps pace with ongoing digital developments. He stated: “Customers can open a Meethaq Savings Plan digitally through Internet Banking and the Mobile Banking App. This will improve the overall customer experience especially for those living in far-flung areas from Meethaq Branch locations. By making our product engaging and accessible, we are fostering a culture of financial well-being that benefits individuals and the Sultanate of Oman as a whole. Meethaq will continue to provide the best services and solutions aligned with Islamic law for its valued customers, thereby enriching their banking experience and meeting their growing aspirations.”
Since its inception in 2012, Meethaq Islamic Banking has set benchmarks for excellence in Sharia-compliant banking services. The brand has won numerous local, regional, and international awards, including the Market Leadership Award from Global Finance, the Best Domestic Islamic Bank in Oman Award from Euromoney, the Most Trusted Islamic Banking Brand Award from Apex Media, and the Best Islamic Window in Oman Award from The Arabian Stories.
For further information, customers may log on to Maathaq’s page at Meethaq Islamic Banking.
