Meethaq records new high in total assets
Meethaq, the Islamic banking unit of Bank Muscat, said it has reached a key business growth milestone, surpassing the RO1 billion mark in total assets. Meethaq holds over 33% market share in terms of assets. Within four years of operations, it has consolidated its leadership position, recording many achievements contributing to the growth and development of Oman’s economy. Sulaiman al Harthy, deputy CEO, Islamic Banking at Bank Muscat, said in a relatively short period of four years since its inception in 2013, Meethaq has succeeded in emerging as the leading Islamic banking services provider in Oman, owing to the trust and confidence reposed by the people of Oman.