Meethaq to host seminar on arbitration in banking business

MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with the bank’s ‘To serve you better, everyday’ vision, is organising a seminar on ‘Arbitration in Banking Business’ under the auspices of Dr Abdullah bin Mohammed Al Saidi, Minister of Legal Affairs, at Crowne Plaza Hotel - Oman Convention & Exhibition Centre on Wednesday, April 11.

The Shua’a Meethaq initiative aimed at raising awareness and highlighting the role of Islamic finance in the economic development of Oman will be addressed by experts, including judges and ministry officials. The discussions will cover the role of arbitration in developing the economy and attracting investment, basics of arbitration in bank disputes, laws applicable to arbitration procedures and development of a local arbitration centre.

The contributions of Meethaq Islamic Banking are not limited to products and services, but there are many benefits accruing to society and the economy as well, thereby complementing the progress and development of the Sultanate. The objective of Shua’a Meethaq is achieved through seminars, workshops and events which highlight the role of Islamic banking in the Sultanate’s economic development.

Meethaq is contributing significantly to the growth and development of the Omani banking sector, which is witnessing an upswing in Islamic finance and investment compatible with the provisions of Sharia laws.

There is a growing interest among retail and corporate clients to take advantage of the new opportunities offered by Islamic banking and finance.