Meethaq supports forum to leverage Waqf for stimulating growth

MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in step with its commitment to fulfill the needs of customers with innovative Shari’a based products and service, extended support and participated in the Waqf Forum organised by Al Ghazali Investment under the auspices of Shaikh Khalid bin Omar al Marhoon, Minister of Civil Service.

The forum held on the theme ‘Islamic economics and social investment’ highlighted the challenges and potential for leveraging Waqf for stimulating growth and development of the economy and society. Innovative products and services are required to meet the evolving needs of the public, including utilisation of Waqf in compliance with Shari’a laws, the forum noted.

Meethaq participated in a panel discussion on the theme ‘Islamic finance in the age of digital and financial innovation’ highlighting the growth of Islamic finance in a manner consistent with the principles of Shari’a law and serving the interests of community and business. The participation and support to the forum reiterated Meethaq’s commitment to responsible banking aimed at contributing to the country’s development.

Sulaiman al Harthy (pictured), Deputy Chief Executive Officer – Islamic Banking, said: “Meethaq is pleased to partner with all stakeholders to support the development of the country and local communities. We appreciate all efforts to improve Islamic banking in Oman through various activities which identify and present Islamic banking potentials and services to society.”

Al Harthy complimented the role of the Ministry of Awqaf and Religious Affairs in utilising Waqf for various goodwill projects such as building mosques and Holy Quran schools, printing Holy Quran, supporting families in need and other charity initiatives.