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 Shari’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 RO 30,000, no minimum balance fee and Debit Card with a daily cash withdrawal limit of RO 600 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 savings account is a hassle-free experience, supported by a straightforward documentation process and the flexibility of multiple currencies, including OMR, USD, AED and GBP. The account is based on the mudarabah contract, a form of Islamic sharia’a compliant partnership. All Meethaq products undergo a rigorous Shari’a compliance review and certification by the Shari’a Supervisory Board and are developed in accordance with the guidelines of the Central Bank of Oman.— Times of Oman
