MUSCAT, 10 July 2013 - Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, will host a series of seminars and workshops in different parts of the Sultanate in partnership with "Glory Makers Centre", under the title of "Changing yourself in Ramadhan". The seminars will be held with the aim of enhancing awareness on a number of humanitarian and cultural aspects among the Omani Society, and will be conducted by renowned professors and lecturers.
The first seminar will be held on Friday, 12th July 2013, in Sultan Qaboos Grand Mosque in the Governorate of Muscat and will be given by Walid Al Saidi. Another lecture will be held in the "Omani Women's Association" in Sohar and will be delivered by Bakheet Al Shibli. A third lecture will be given in Al Yahmadi Mosque, Ibra by Ahmed Al Aisari.
Sulaiman Al Harthy, Group General Manager-Meethaq Islamic Banking, said: “We would like to extend our warmest wishes on the occasion of the Holy Month, and we take this opportunity to thank all the participating lecturers as well as the government authorities and private parties that have partnered with us to make this program possible. Meethaq is committed to take part in all activities that help in creating awareness among the public on certain important cultural and religious matters.
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. The Meethaq strategy is to attract customers through innovative Shari'a based products and services. The operations are managed by an experienced team, separate from conventional banking.
Bank Muscat is the first commercial bank in Oman to launch independent Islamic banking window operations. 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.
Meethaq is well positioned to provide Islamic financial expertise to diverse segments, and thereby promote the good of society as a whole. 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.