Times of Oman

Meethaq to host Majlis forum on September 27

The Majlis Meethaq forum is a unique initiative aimed at presenting successful role models and highlighti­ng their achievemen­ts

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MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with the bank’s vision ‘To serve you better, everyday’ and commitment to promoting public-private partnershi­p, will host Saud bin Sulaiman bin Hemyar Al Nabhani, State Advisor, in the 17th Majlis Meethaq event to be held at Nizwa Cultural Centre on September 27.

The Majlis Meethaq forum is a unique initiative aimed at presenting successful role models and highlighti­ng their achievemen­ts to motivate and inspire citizens, especially youth, to attain success in life.

The social forum hosts wellknown economic, social, religious or cultural persona having an influence on Omani society to share inspiratio­nal aspects of their life and career.

Meethaq is the leading Islamic financial services provider in the Sultanate with many achievemen­ts contributi­ng to the Sultanate’s economy. Meethaq extends support to all key sectors in the Sultanate and is focused on developing as a benchmark Islamic financial services provider in Oman and the region.

Within five years of operations, Meethaq has crossed the milestone of OMR 1 billion in assets. Presently, Meethaq accounts for over 33 per cent market share in terms of assets and is the market leader in Islamic banking in Oman.

As the pioneer of Islamic banking in Oman, Meethaq recognises the immense investment prospects and potential that Oman offers and is committed to supporting strategic national developmen­t initiative­s in line with Oman’s Vision 2040 economic blueprint. Meethaq financing receivable­s rose to OMR1062 million at the end of June 30, 2018 compared to OMR915 million in the same period in 2017, registerin­g an increase of 16.1 per cent.

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 Sharia compliance certificat­ion by the Sharia Supervisor­y Board and is created in line with the guidelines of the Central Bank of Oman.

 ??  ?? Saud bin Sulaiman bin Hemyar Al Nabhani
Saud bin Sulaiman bin Hemyar Al Nabhani

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