In a new achievement highlighting its leadership in the Islamic banking sector, Meethaq Islamic Banking from Bank Muscat has been honoured with three prestigious awards at the Islamic Finance News (IFN) Awards ceremony, a prominent global platform recognizing excellence among Islamic financial institutions. Meethaq was named “Best Islamic Investment Bank in Oman,” “Best Islamic Corporate Bank in Oman,” and “Best Islamic Retail Bank in Oman”, The three awards reflect trust placed in Meethaq by its customers and institutions, as well as its prominence in Islamic banking sector in the Sultanate and the region. The awards were received on behalf of Meethaq by Salem Said Al Shanfari, Chief Representative Officer of the Dubai Representative Office in the United Arab Emirates.
On this occasion, Sami Bait Rashid, Assistant General Manager of Meethaq Personal Banking, expressed his pride in this accolade, saying: “These recognitions represent an international testament to Meethaq’s continuous efforts to provide innovative and comprehensive Islamic banking solutions. Being recognized across three major categories demonstrates the success of our business model which is structured to serve customers across different segments while expanding our capabilities in Sharia’a-compliant investment services. This achievement reflects the trust of our customers, the dedication of our people, and Meethaq’s continued focus on delivering meaningful value to the national economy, in line with the objectives of Oman Vision 2040. We will continue to develop our products and services to meet the evolving aspirations of our valued customers.”
Meethaq’s recognition as “Best Islamic Investment Bank in Oman” highlights its pivotal role in providing innovative Sharia’a-compliant investment solutions that cater to the needs of both corporate and retail customers. Among its investment offering is the Meethaq Equity Fund, an open-ended investment fund registered with the Financial Services Authority (FSA) in the Sultanate of Oman. The Fund seeks to achieve capital appreciation and long-term dividend distributions through investments primarily in a portfolio of Sharia’a-compliant equities listed in regional markets.
The “Best Islamic Corporate Bank” and “Best Islamic Retail Bank” awards reflect Meethaq’s commitment on delivering comprehensive banking experience through a wide range of products and services tailored to the needs of corporates, SME and retail customers. Over the years, Meethaq Islamic Banking has continued to upgrade its banking systems and enhanced its digital services, providing customers with integrated services through its mobile banking app and online banking platforms for a more convenient banking experience.
For retail customers, Meethaq offers a comprehensive range of banking products and services including savings and current accounts, ladies account, children’s savings accounts, savings plan, fixed deposits and financing solutions such as personal finance, auto finance, home finance, as well as financing for travel, education, marriage and personal purchases. For corporate and SME customers, Meethaq offers a suite of banking solutions including current accounts, project financing solutions, short and long-term facilities, Ijarah trade finance solutions and large-scale project financing.
The Islamic Finance News Awards are among the leading accolades in the global Islamic finance industry, recognizing excellence, strong performance and achievements across Islamic financial institutions worldwide.
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 wide 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.
