Meethaq Islamic Banking from Bank Muscat has been recognized with the esteemed Global Islamic Finance Market Leadership Award 2025, Reaffirming its excellence and pioneering role in delivering a comprehensive spectrum of sharia’a-compliant financial solutions. This prestigious accolade underscores Meethaq’s unwavering commitment to advancing Islamic Banking in the Sultanate of Oman and beyond. It reflects Meethaq’s dedication in providing innovative, top-tier financial products tailored to the diverse needs of individual and institutional customers. Since its inception, Meethaq has remained steadfast in its mission to deliver solutions that consistently align with evolving customer requirements.
On this occasion, Ali Ahmed Al Lawati, Assistant General Manager – Meethaq Corporate Banking, said: “We are deeply honored by this global recognition, which reflects Meethaq’s pioneering role in offering comprehensive Sharia’a-compliant solutions. The strong trust and uptake from customers highlight our contribution to reshaping Oman’s Islamic banking sector. We will continue to deliver distinguished and forward-looking solutions that align with the aspirations and financial goals of our customers.”
Meethaq provides a full suite of Sharia’a-compliant banking products and financing solutions for individuals, SMEs, and corporate entities. All offerings are regulated by the Central Bank of Oman and undergo thorough Sharia’a certification and supervision by Meethaq’s Sharia’a Supervisory Board to ensure full compliance with Islamic jurisprudence. For retail customers, offerings include deposit products such as savings accounts, current accounts, children’s savings accounts, and structured savings plans. Financing solution covers personal finance, auto finance, home finance, and funding for travel, education, marriage, and personal purchases. For SME and corporate customers, Meethaq offers 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.
Meethaq operates the largest Islamic banking branch network in Oman, with 32 dedicated branches and over 50 dedicated ATMs/CDMs, further supported by Bank Muscat’s 900+ touch points nationwide (branches, service centers and digital channels). This ensures customers enjoy convenience, accessibility and reliable service. Reinforcing its leadership in Islamic capital markets, Meethaq has launched a sukuk programme for individual and institutional investors, and introduced the Meethaq Equity Fund to enable participation in equity markets. Its digital engagement is equally robust, with a rapidly growing base of customers using internet and mobile banking, and contactless debit and credit card services.
Meethaq’s leadership continues to receive widespread regional and global accolades, including the Best Islamic Investment Bank Award from Islamic Finance News, Best Islamic Bank in Oman from Euromoney, and Best Islamic Banking Window Award at the Thimar Excellence Awards by The Arabian Stories. These honours underscore Meethaq’s position as a leading Islamic financial institution, firmly dedicated to offering Sharia-compliant banking and investment solutions that align with the evolving needs of both individual and institutional customers.
