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Meethaq honours Omani medical team for world first rare brain surgery

MUSCAT, 3 October 2015 – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with its commitment to support and honour national achievements, felicitated the Omani medical team led by Dr. Ali Mahad Al Mashani, Senior Consultant Neurosurgeon and Director General of Khoula Hospital, who performed the world's first surgery of clipping aneurysim for children through eyebrow keyhole surgery. The rare brain surgery was performed in Khoula Hospital with the assistance of Dr. Rashid Khan, Anesthetist, and Salma Sulaiman Al Haddabi, nurse. In recognition of the unique achievement, the successful surgery was reported in the American Journal of Medical Case Reports.

The honouring ceremony at Bank Muscat head office was attended by AbdulRazak Ali Issa, Chief Executive, Dr. Ali Qaradaghi, Chairman of Meethaq Shari'a Supervisory Board, senior bank officials and members of Shari'a Supervisory Board.

Congratulating the medical team for the rare achievement, Sulaiman Al Harthy, Group General Manager – Islamic Banking, said: “Oman is proud of this rare medical achievement, a world first to be performed in children, which reflect on the competence and high standards of the country's medical resources and facilities. The Meethaq gesture as part of Bank Muscat social responsibility initiatives reiterates the commitment to encourage and promote excellence in all fields contributing to the country's progress and development."

Dr. Ali Mahad Al Mashani thanked Meethaq for the encouraging gesture and said: “The Sultanate under the leadership of His Majesty Sultan Qaboos bin Said has recorded spectacular progress and development during the past 45 years. In the field of healthcare, Oman has made significant advances and we are proud to complement the national achievements with the world's first surgery of clipping aneurysim for children through eyebrow keyhole surgery."

As the pioneer of Islamic banking in Oman, 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. Every Meethaq product goes through the process of Shari'a compliance certification by the Shari'a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman.

Meethaq stands out for its independent Shari'a Supervisory Board, separate capital allocation from shareholders' money, unique risk management tools, complete fund segregation, separate books of account, core banking system which supports Islamic banking operations, stand-alone Islamic banking branches and proper profit distribution mechanism among investment account holders/depositors. The adoption of AAOIFI standards (Accounting & Auditing Organisation for Islamic Financial Institutions) distinguishes Meethaq Islamic banking practices in terms of standardisation of products and services.