Muscat, 8 October 2020
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, celebrated the official opening of its newest Sinaw branch recently. The opening of the new branch is in line with the bank's vision "To serve you better, everyday" and to continue to expand operations across the Sultanate to offer a world-class Islamic banking experience to customers in every corner of the country. With the opening of the new branch, the total number of Meethaq branches in Oman has now reached 22, which includes 11 branches in the Governorate of Muscat and 11 branches in other governorates. In addition to the new Sinaw branch, Meethaq is also happy to announce the plan to open two more new branches during this year.
The newly opened branch adds to the bank's already excellent network of branches and a dedicated network of 40 ATMs/CDMs as well as access through the Bank Muscat ATM/CDM network across different governorates of the country. The branch, which will operate from 8 am to 2 pm, will provide many facilities and services that are compatible with the principles and provisions of Islamic Sharia'a. It will offer a full suite of retail banking operations and services such as home finance, auto finance and other retail facilities. In addition, the new branch will also have a Hafawa Centre for the benefit of Premium Banking customers and is staffed by well qualified and experienced Omani employees. It is expected to see a large number of customers because of its excellent location and accessibility.
The new branch is designed to create a unique ambience and banking environment in line with the Meethaq brand values of true partnership, transparency and trust. Meethaq plans to expand further its network of branches as well as launch new products and services to complement the unique Islamic banking experience. Meethaq Islamic Banking continues with its strong and consistent growth across all business activities. It retains its leading industry position in terms of asset size, deposit base and profitability as well as branch network and distribution channels.
Meethaq already has several branches spread across the country including at the Bank Muscat Head Office, Al Ghubra, Muttrah, A'Seeb, Qurum, Al Khoudh, Al Khuwayr, Salalah, Ibra, Sohar, Saham, Barka, Saham and 18 November Street. Branches are also operating in Nizwa, Bahla, Buraimi and Ibri, apart from a branch on the campus of the Sultan Qaboos University in response to the tremendous public demand for banking products and services based on Sharia'a principles.
Meethaq Islamic banking provides several value-added services and exclusive lifestyle privileges to its customers, complementing a world-class banking experience. As the pioneer of Islamic banking in the Sultanate, Meethaq has adopted best practices in Islamic banking and finance worldwide to provide a robust model that benefits its customers. Every Meethaq product goes through Shari’a compliance certification by the bank’s Shari’a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman.
Meethaq Islamic Banking has been recognized as The Best Islamic Bank in Oman for the year 2019 by Islamic Finance News. For more details about Meethaq products and services, please visit https://www.meethaq.om or call on 24656666.