Imprints
The bank’s largest initiative was launched in 2016 to address the changing economic climate, and rising current issues. Imprints seeks to encourage an important and long-standing value, partnership. Each project as mentioned below, has established an alliance with a local organisation, government entity or SME. Imprints encompasses the nation through its different themes.
Imprints was launched with four different themes, including Financial Literacy, Tourism Business Start-ups, Saving Energy and Green Space. The concurrent theme looks into diversifying the economy and cultivating the community’s knowledge of prudent personal finance and spending habits.
Financial Literacy:
Maliyat:
Bank Muscat maintains leadership with 38 percent of the Omani market share, making it the number one expert on financial habits of customers. With this expertise on hand, an online platform on financial literacy is launched to provide Omanis the information they will require to plan for their education, marriage or retirement. The online platform can be accessed, by visiting Maliyat website on
www.maliyatbankmuscat.com
Little Investors:
Little Investors was launched in 2015 by Meethaq Islamic Banking to develop children’s knowledge of finance from an early age and equip them with the skills to become future entrepreneurs. The programme has now been developed further, in partnership with the Ministry of Education, to encompass a larger number of students, fulfilling the bank’s responsibility towards the community by providing them with the right tools to develop financial skills.
In one-and-a-half years since its implementation, the programme has reached 10,514 students across the Sultanate, including Al Amal School for the Deaf, benefitting students, teachers and volunteers alike.
Irshad:
Irshad is our Financial Coaching Clinic (FCC) which provides financial coaching and guidance to SMEs, startup companies, entrepreneurs, individuals with respect to managing their finances and future financial planning
Investment in Tourism:
In a bid to encourage diversification of the economy, the bank has committed to invest in local communities situated in areas with touristic landmarks. Bank Muscat seeks to create sustainable solutions towards creating income in otherwise rural societies.
Saving Energy:
Energy Efficient Branch (Meethaq):
A Meethaq Islamic Banking branch was recently inaugurated as the first commercial building in Oman to utilize alternative sources of energy.This pilot project is a sampling for more energy efficient initiatives to come and can be found in Al Khoudh.
Green Products:
As the first bank in the Sultanate to launch Green products, Bank Muscat has partnered with International Finance Corporation (IFC) to bring the Omani public appealing products suitable for the environment and their well-being. The Green products focus on providing the country with knowledge and awareness of the benefits of being energy efficient. Competitive interest rates will be offered to customers opting for energy efficient homes using alternative sources of energy.
Green Space:
In celebration of the 46th National Day, Bank Muscat announced the construction of a public park, in partnership with Muscat Municipality. Aimed at providing Omanis with a location for leisure, the park is set to be a community hub fostering a sense of belonging for the old and the young.
Bank Muscat Hearts:
Corporate Social Responsibility plays an integral role in the bank’s culture. Bank Muscat Hearts (BM Hearts), a staff based volunteer group, organises charity initiatives to engage the bank as a whole in social development activities benefiting local communities in all areas of the Sultanate.
