As part of its commitment to delivering a comprehensive banking experience and reinforcing its leadership in the Islamic banking sector, Meethaq Islamic Banking from Bank Muscat continues to introduce innovative and exclusive banking products and services that meet the evolving needs of its customers. Meethaq Savings Plan is one such product designed to benefit customers across different segments of society by offering valuable features that deliver and encourage consistent and long-term financial planning. The Savings Plan forms part of Meethaq’s strategy to provide Sharia’a compliant banking products and solutions that help customers achieve their financial goals with confidence.
Meethaq’s Savings Plan is a flexible financial solution that enables customers to save regularly and systematically to achieve their future goals., whether for education, marriage, retirement planning or other important life events. Customers can start contributing from as little as OMR 10 per month, with the flexibility to make monthly, quarterly, semi-annual, and annual contributions through a free direct debit service. It also provides customers with greater financial flexibility by allowing additional fund placement to reach their goal faster, and one partial withdrawal of up to 10% of the accumulated savings balance once every calendar year, helping customers manage unforeseen financial needs while remaining focused on their long-term savings objectives.
Commenting on the Savings Plan, Sami Bait Rashid, Assistant General Manager of Meethaq Personal Banking, said: “The Savings Plan reflects Meethaq’s vision of empowering customers to plan effectively for a secure financial future while managing their financial commitments more effectively. It encourages individuals to build their savings over the medium and long term while promoting a culture of regular saving to prepare for different stages of life,. At Meethaq, transformation remains a strategic priority, and we continue to embrace the latest technological advancement to make our products and services more accessible and convenient. Customers can subscribe to the Savings Plan seamlessly through Meethaq Internet Banking platform and mobile banking application, providing a simple and efficient banking experience while saving time and effort. We remain dedicated to delivering Sharia-compliant products and financial services that create sustainable value for our customers.”
Since its launch in 2012, Meethaq Islamic Banking has established itself as a leading provider of Sharia’a compliant banking solutions in the Sultanate offering a comprehensive range of retail, corporate, and investment banking products and services. Customers can also access Meethaq’s services through a network of 30 branches, more than 64 ATMs, CDMs and FFMs, as well as over 90 Bank Muscat ATMS and CDMs. In recognition of its achievements, Meethaq has received numerous prestigious local, regional, and international awards. These include the Leadership in Islamic Banking award from Global Islamic Finance, Best Islamic Bank in the Sultanate of Oman from Euromoney, Most Trusted Brand in Islamic Banking from Apex Media, and several awards from Islamic Finance News, including Best Institution for Sharia-Compliant Investment Solutions. For more information, customers are invited to visit the Meethaq Islamic Banking page on Meethaq Islamic Banking.
