MUSCAT, 06 October 2013 – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has organised a workshop to spotlight the experience of young Omani entrepreneurs who have benefited from Islamic finance for the small and medium enterprise (SME) sector. The workshop will be held at the bank's head office on 9 October in which the success story of Khalid Hilal Al Yahmadi, Chairman of Amjaad Development, will be shared with existing and prospective entrepreneurs.
The SME workshop assumes significance in the context of Oman addressing the requirements of youth representing more than 50 per cent of the country's population, and ensuring development benefiting communities in all parts of the country. Meethaq is committed to supporting SMEs which have a big role to play in Oman's economy as the country is witnessing a gradual shift towards SMEs.
Meethaq is well positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole. Meethaq has adopted the best practices in Islamic banking and finance worldwide to combine a robust model which protects customers and complements the Islamic banking industry. As the pioneer of Islamic banking in Oman, Meethaq offers a full suite of Islamic banking products. The Shari'a compliant products and services include savings account, current account, home finance, auto finance, credit card, mobile banking etc. The bank has invested in staff, systems and controls to ensure the service is delivered in a professional, segregated and fully Shari'a compliant manner.
Aimed at familiarising people with Islamic finance, Meethaq has hosted a series of high profile conferences, including Oman Islamic Economic Forum, workshop on 'Islamic Liquidity Management and Capital Market' in association with International Islamic Financial Market (IIFM), 'Women in Business' forum and seminar on 'In-Country Value Addition' addressed by H.E Dr. Mahathir Mohamad, former Prime Minister of Malaysia, besides a series of seminars across Oman to raise awareness on Islamic banking.