Meethaq launches innovative online portal for SMEs

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, launched a digital platform that serves as the gateway for SMEs in the Sultanate at a ceremony held under the auspices of Talal bin Sulaiman al Rahbi, SecretaryGeneral of the Supreme Council for Planning. The ‘Meethaq Accelerate SME’ portal provides startups and SMEs with access to the most comprehensive source of business resources, services and funding solutions. The innovative portal accessible on (http://meethaq. acceleratesme.om) is designed to help SMEs achieve their business goals and thereby promote SME development in Oman.

Sulaiman al Harthy, Deputy Chief Executive Officer — Meethaq Islamic Banking, said, “Meethaq is proud to launch the ‘ Accelerate SME’ portal aimed at linking all important stakeholders involved in the SME sector. The primary objective of the ‘Accelerate SME’ online platform is to provide guidance and help for SMEs to successfully navigate each stage of their business. Meethaq is an active lender to SMEs in Oman, providing small businesses with access to funding of Sharia-compliant solutions to support development at every stage of the business lifecycle. The ‘Accelerate SME’ portal reflects the bank’s commitment to put clients first and provide startups with the power to positively impact their business.”

They are a key contributor to economic growth and a source of job creation in Oman which has prioritised economic diversification. To help enable the growth of SMEs, the ‘Accelerate SME’ portal aims to address some of the challenges that SMEs in the Sultanate face such as uncertainty on how to set up business, access tailored funding solutions to support growth and how to scale business and connect with partners and customers.