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Meethaq launches Hafawa Priority Banking service across Oman in 8 branches

MUSCAT, 28 November 2015 – Redefining exclusive and relationship based Islamic banking experience, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched Hafawa Priority Banking service for high saving Meethaq customers. Built on the strong foundations of Meethaq Islamic Banking, Hafawa characterises the Islamic values and principles espoused by the flagship Islamic banking services provider in the Sultanate.

Coinciding with the inauguration of Meethaq branch in Qurm, the first Hafawa Priority Banking centre was opened by Amal Suhail Bahwan, Managing Director of Suhail Bahwan Group. Presently, the Hafawa network includes eight centres in Meethaq branches in Qurm, Al Khoud, Seeb, Saham, Ibra, Nizwa, Buraimi and Salalah. Meethaq plans to further expand the Hafawa network to Sur this year and Ruwi next year.

Sulaiman Al Harthy, Group General Manager – Islamic Banking, said: “Meethaq is proud to introduce Hafawa Priority Banking service for high saving Meethaq customers. Meethaq strives to fulfill the needs of customers with innovative Shari'a based products and the launch of Hafawa Priority Banking reflects the commitment and dedication to meet customer expectations for Islamic banking. Meethaq is contributing significantly to the growth and development of the Omani banking sector and we are witnessing an upswing in Islamic finance and investment compatible with the provisions of Shari'a laws. Meethaq is well positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole."

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.

The Hafawa benefits include exclusive Hafawa Signature debit card with higher daily withdrawal and spend limits and wide choice of exclusive deals and benefits. Providing a distinct identity, the card also facilitates global airport lounge access, travel benefits and global concierge services.

With Hafawa, customers need not worry about unforeseen events like lost or delayed baggage, missed or delayed flights as they are offered protection through a complimentary one year Travel Takaful package designed with the bank's partner.

Hafawa customers get better returns on deposits with Meethaq Hafawa savings account. Moreover, the account also serves as the smart money manager by automatically transferring funds from current account to savings account, thereby providing better returns on deposits.

To secure the wellbeing of family, a complimentary life takaful cover is also provided along with the savings account. The takaful cover will be equivalent to the average quarterly balance in Meethaq Hafawa savings account.

Hafawa customers can enjoy preferential pricing and waivers on basic banking services.

The merchant alliances programme facilitates unique benefits tailored to the lifestyle needs of Hafawa customers whether it be travel, dining, lifestyle or shopping.

The exclusive Hafawa phone banking helpline on 24656665 ensures direct access to phone banking officers.

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.