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Meethaq launches exclusive Visa Signature credit card for Hafawa customers

MUSCAT, 13 February 2017 – Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with its commitment to redefining exclusive and relationship based Islamic banking experience, has launched an exclusive Visa Signature credit card for Hafawa Priority Banking customers.

Offering a world of privileges and conveniences designed around the values and discerning needs of Hafawa customers, the Visa Signature card serves as the Priority identification card for Hafawa customers along with Signature debit cards. The exclusive benefits of the free-for-life card include 24-hour global concierge service, unlimited access to premium airport lounges, travel insurance and purchase protection to name a few.

Sulaiman Al Harthy, Deputy Chief Executive Officer –  Islamic Banking, said: “Meethaq is proud to offer the new Visa Signature credit card for Hafawa Priority Banking customers. The new facility reciprocates the trust and confidence reposed by Hafawa customers in the bank. Meethaq strives to fulfill the needs of customers with innovative Shari'a based products and Hafawa Priority banking reflects the commitment and dedication to meet expectations for Islamic banking by high saving customers. Meethaq products and services are in step with smarter strategies aimed at providing a distinct banking experience. Meethaq is well positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole."

With worldwide acceptance, the Hafawa Visa Signature credit card facilitates exclusive access to over 500 airport lounges around the world through Lounge Key, which allows customers to just display their card and walk in. Pre-purchase of credit is not required for accompanying guests. A charge of US$27 per guest per visit is debited directly to credit card.

Hafawa Visa Signature credit cardholders enjoy value added benefits in over 900 luxury hotels worldwide as well as premium dining discount and rewards programme spanning across a network of 75 premium restaurants in the UAE.

Apart from air travel, hotel reservations, chauffeur-driven car service, car hire reservations, exclusive holiday packages and information services and more, a truly

comprehensive referral service is offered to Visa Signature cardholders. In case of any natural or any other unforeseen emergencies during travel, complete evacuation and subsequent repatriation is provided.

Hafawa Visa Signature cardholders are provided coverage against accidental damage or loss of purchase, including internet purchases and items which have been ordered online to send as gifts.

Concierge service is offered to Hafawa Visa Signature cardholders for truly memorable experiences. This complimentary service employs a network of world-class resources to meet the cardholder's needs 24 hours a day, 365 days a year.

Based on the concept of Ujrah, the Hafawa Visa Signature credit levies a fixed Ujrah fee in exchange of the total services, features, benefits and privileges provided to the cardholder. The credit limit granted by the bank to the cardholder is based on Qardh al Hasan.

Targetted at high saving customers, Hafawa is built on the strong foundations of Meethaq Islamic Banking, characterising the Islamic values and principles espoused by the flagship Islamic banking services provider in the Sultanate.

The Hafawa Priority Banking elevates personal and relationship banking to a new level as high saving Meethaq customers are served by dedicated Relationship Managers (RM) at exclusive Hafawa centres in Meethaq branches across the Sultanate. Leveraging its unmatched nation-wide branch presence, Meethaq offers Hafawa Priority Banking services across all regions through the network of Hafawa Centres.

The Hafawa relationship platform draws its strength from proximity to customers, commitment to delivering outstanding service and dedication of Relationship Managers trained to deliver the right solutions. The bank has placed its Relationship Manager talent pool at the very heart of Hafawa strategy.

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. 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.