go back

Meethaq to launch forum for interaction with prominent personalities

MUSCAT, 8 March 2015 - Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, is launching a unique social forum aimed at facilitating interaction with prominent personalities sharing inspirational aspects of their life and career as well as perspective on economy and important social and cultural issues in the country. The first of the series of Majlis Meethaq gathering will be addressed by H.E. Eng. Salim Bin Nasser Al Aufi, Under-Secretary at the Ministry of Oil & Gas, on Wednesday 11 March at Bank Muscat head office. H.E. Eng. Salim Bin Nasser Al Aufi will talk about interesting aspects of his personal life, career and share views on important issues in the country.

Majlis Meethaq evening will be held every month in which a well- known economic, social, religious or cultural personna having influence on Omani society from the Sultanate or abroad will be hosted. The interaction between the guest and the audience will primarily focus on aspects of the presenter's personal life, success in career and views on issues facing the country and community.

Sulaiman Al Harthy, Group General Manager – Islamic Banking, said: “Meethaq is proud to introduce Majlis evening aimed at presenting successful role models to community and highlighting their achievements to motivate and inspire citizens, especially youth, to attain success in life. The discussions are aimed at enlightening the audience to take cues from the challenges and obstacles faced by the guest in making crucial decisions and important turns in life which led to success. Meethaq aims to develop Majlis as an ideal platform to interact with prominent personalities and learn from their experiences in achieving success in life."

Al Harthy added: “Meethaq is focused on developing as a benchmark Islamic financial institution on both the local and regional level. In just over two years of operations, Meethaq has attained the leading position in the Islamic banking industry in Oman in terms of financing receivables, branch network, products and services, IT infrastructure development and human resources. Meethaq not only provides benchmark Islamic financial solutions but also plays a key role in raising awareness and educating people on key aspects of Islamic banking and finance."

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.

As the pioneer of Islamic banking in Oman, Meethaq stands out for its independent Shari'a Supervisory Board, separate capital allocation from shareholders' money, unique risk management tools, complete fund segregation, separate books of account, core banking system which supports Islamic banking operations, stand-alone Islamic banking branches and proper profit distribution mechanism among investment account holders/depositors. The adoption of AAOIFI standards (Accounting & Auditing Organisation for Islamic Financial Institutions) distinguishes Meethaq Islamic banking practices in terms of standardisation of products and services.