Muscat, 12 October 2020
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has begun the countdown to the Sultanate’s 50th National Day celebrations with a number of special deals and offers for customers in line with its vision “To serve you better, every day”. The new promotional offers from Meethaq will continue until the end of December 2020.
Meethaq announced that customers, who open a Meethaq salary account and transfer their salary, will receive 10% of their salary or up to a maximum of RO 500, whichever is lower as a one-time cash bonus on a ‘first come first serve’ basis.
The bank has also announced that successful applicants for Meethaq Credit Cards will be exempt from paying the annual fees for the first year. Meethaq Credit Cards are based on the concept of Ujrah and no interest-based fee is charged on the cards. Customers are also eligible for a highly competitive profit rate of 5.50% for housing finance. Similarly, Meethaq customers are also eligible for auto finance at a special profit rate of 5.50% along with free Life Takaful coverage during this promotion period.
In addition, Meethaq has lined up a special cash prize draw for its Hibati savings account customers in conjunction with the Sultanate’s 50th National Day. Fifty lucky winners will walk away with cash prize of RO 1,000 each and a total of RO 50,000 will be given away at the draw. Eligibility for the draws is based on an average weekly balance of RO 100 and customers will have more chances of winning if they maintain higher balances in their Hibati savings accounts. The bank has invited all its customers to take advantage of the opportunity and win exciting cash prizes by increasing their savings in their accounts.
Another 50th National Day special offer is a 50% special discount on annual rentals for safe deposit lockers applicable for the 1st year. Subject to availability, new customers may enjoy the special discount by opening a savings account and booking a locker with any Meethaq branch which offers safe deposit locker services.
Meethaq, which has the largest network of Islamic banking branches in Oman, has 40 ATMs and CDMs located across Oman and also facilitates access to Bank Muscat’s network of 740 ATMs and CDMs. Its Internet banking and Mobile banking feature a user-friendly interface and facilitates a large number of services which include utility payments, mobile top-ups, payment of school fees, transfer of funds between own accounts, transfer of funds to third party accounts in Bank Muscat, other bank accounts in Oman as well as international transfers.
Meethaq is continuously extending strong support to all the key economic sectors in the country with innovative Shari’a based products. Meethaq Islamic Banking, which has been recognised as the Best Islamic Bank in Oman in 2019 by Islamic Finance News, has adopted the best global practices in Islamic banking and finance 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.