Muscat, 15 November 2020
Meethaq the pioneer of Islamic Banking in Oman from Bank Muscat, in line with the bank’s vision ‘To serve you better, everyday’, has announced a very attractive promotion that will allow its customers to receive up to 10% of their salary or RO 500, whichever is lower, as a one-time cashback reward for opening a salary account with the bank.
The cashback will be a confirmed amount, which will be paid out of the shareholders’ funds as Hiba (gift) to the salary account holder. To be eligible for the offer, customers have to open a savings account and transfer his/her salary during the campaign period, which will run till 31 December 2020. Customers may note that the applicable cashback will be credited to the customer savings account within 15 days of receiving the first salary credit. If a customer has two salaries and he/she transfers both of them separately, then he/she will get two cashbacks under this campaign with each cashback capped to a maximum of RO 500. Customers who receive a cashback are required to maintain their salary accounts (with credit of salary) for a minimum of 12 months from the account-opening date.
Customers transferring their salary to a Meethaq account are eligible to avail a host of offers and services in addition to earning attractive profit on their savings. Attractive Mudarabah profit rates are offered for savings account deposits with profits being paid each month to encourage a strong savings culture. The more the saving, the more the earnings, which ensures an additional monthly income for customers.
Meethaq salary account holders are also entitled to free life Takaful coverage if they maintain the required balance in their savings account. With the Takaful coverage, the beneficiary of the account holder will receive a lump-sum amount through the Takaful company in case of any specified untoward incident to the account holder. Meethaq salary accountholders can also avail Meethaq’s savings plan, which is aimed at helping customers make regular savings at their own convenience. This will help them achieve financial security for long-term goals such as marriage, education, retirement or personal savings. A preferential profit rate will be available to customers on Meethaq financing products. More details about Meethaq Salary Account is available at https://www.meethaq.om/en/depositproducts/Pages/details.aspx#salary.
In order to further enhance its leadership role, Meethaq Islamic Banking recently opened branches at the bank’s Head Office at Airport Heights in Seeb and in Sinaw. Meethaq branches are strategically distributed across various governorates of the Sultanate, including 11 in the Governorate of Muscat and 11 branches in the Interior. It also has 40 ATMs and CDMs located across Oman and also facilitates access to the ATM-CDM network of Bank Muscat in Oman.
Meethaq extends support to all key economic sectors with innovative Shari’a based products and is well positioned to provide Islamic financial expertise to all segments and thereby promote the good of society as a whole. Meethaq Islamic Banking, which has been recognised as the Best Islamic Bank in Oman in 2019 by Islamic Finance News, 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.