Meethaq Islamic Banking offers world-class services

Meethaq Islamic Banking, from Bank Muscat, solidifies it dedication to financial inclusion with a progressive savings account. This account is designed to provide customers with a range of sharia’a compliant product and services, aligning seamlessly with Meethaq’s ongoing commitment to excellence.

Meethaq encourages customers to open a savings account that cater to various customer segments, including the elderly who can conveniently receive their social benefits while enjoying an array of various advantages. Demonstrating leadership in customer-focused solutions, the savings account helps customers achieve their long-term objectives and also contributes to fostering a robust savings culture in Oman.

Key features of the Meethaq savings account include a competitive rate credited to the customer’s account on a monthly basis, no minimum balance requirement for profit eligibility, free life Takaful for customers maintaining an average balance of RO30,000, no minimum balance fee and Debit Card with a daily cash withdrawal limit of RO600 on local ATMS.

Moreover, customers benefit from the convenience of managing their accounts seamlessly through 24×7 electronic banking services, enjoy global purchases at millions of Visa endorsed shopping outlets, pay bills for electricity, water, telephone, internet and school fees.

Opening a Meethaq account is a hassle-free experience, supported by a straightforward documentation process and the flexibility of multiple currencies, including Omani riyal, US dollar, UAE dirham and Great Britain pound. The account is based on the mudarabah contract, a form of sharia’a compliant partnership. All Meethaq products undergo a rigorous sharia’a compliance review and certification by the Sharia’a Supervisory Board.