MUSCAT, 17 December 2019
Bank Muscat in line with its commitment to sustainability has announced prizes for the benefit of all those who complete the Maliyat financial literacy programme. Prizes of RO 100 each will be given to two lucky winners, who will be chosen from among those completing the ground-breaking Maliyat financial literacy programme by 26 December 2019. This major CSR initiative, launched by the bank earlier this year, is greatly helping increase financial literacy and awareness among people in Oman.
The Maliyat personal finance module is particularly helpful for the youth in becoming financially prudent and independent, thereby contributing to the socio-economic development and growth of the Sultanate in the long term. As a forward-looking financial institution, Bank Muscat has been implementing several initiatives benefiting various segments of society and remains committed to sustainable development in Oman in line with the overall strategic growth vision of the Government of Oman.
The curriculum is covered through an online self-learning mode that covers important financial topics such as personal budgets, fiscal responsibility, how to manage income and expenditure as well as general economic outlook and macro-economic policies. The Maliyat programme is available in both Arabic and English and Bank Muscat encourages all people in the sultanate to improve their financial literacy for free by registering at www.maliyatbankmuscat.com and completing the programme.
Talib Saif Al Makhmari, Manager, Community & Media Relations, Bank Muscat, said: “We encourage all people in Oman to register and complete the Maliyat financial literacy course as it will greatly them in their daily lives. They will be better able to understand financial concepts like personal budgets, calculating interest payments and plan for their future so as to be able to respond effectively to any life-changing event like an economic downturn or job loss. They will also be able to understand and choose various financial products like insurance and loans based on their needs and capabilities. Apart from gaining crucial financial knowledge, this programme has now added a fun element in the form of a competition for all those completing it. We would like to encourage everyone, Omanis and expatriates, to complete this online financial literacy programme to enhance their knowledge and understanding of financial concepts.”
Maliyat is a key component of the bank’s CSR strategy, which addresses a wide range of highly-topical issues like the changing economic climate and covers financial literacy, environmental sustainability and tourism-based businesses. The Maliyat curriculum comprises of macro-economic theory, age-appropriate financial best practices as well as an educational process that reinforces the financial best practices learnt during the course in one’s daily life.