Meethaq’s Ikram package for pensioners hailed for innovative facilities

Roundup Monday 22/May/2023 14:23 PM
By: Times News Service
Meethaq’s Ikram package for pensioners hailed for innovative facilities

Muscat: The Ikram package launched by Meethaq Islamic Banking from Bank Muscat has been hailed by customers for its innovative facilities and services. In line with its strategy to improve financial inclusion in Oman, Meethaq’s Ikram package offers a specialized package of Shariah-compliant financing products with attractive profit rates catering to Omani pensioners. The Ikram package was launched earlier in the beginning of 2023 after a detailed study of the needs of retirees from government and private institutions.

On this occasion, Sami Bait Rashid, Assistant General Manager, Retail Banking – Meethaq, said: “Meethaq developed the Ikram pensioner package to offer a full suite of Islamic financial services and facilities that meet our customers’ needs and aspirations. We are hence delighted to see the excellent response to this newly-launched package which is playing a key role in bringing about greater financial inclusion for retirees. In this context, I would like to mention that Meethaq will continue to introduce new financial products and services targeting different sections of society in line with the changing needs of our customers to whom I extend thanks for their continuous trust in Meethaq’s products and services”.

Both current and new customers can benefit from the Ikram package which offers a wide range of services, competitive profit rates, exclusive financing offers, credit card offers and discounts at selected merchant partner outlets. Under Ikram, pensioners can apply for different types of financing solutions and credit cards till the age of 70. Housing finance will be provided up to a maximum of 25 years or till the customer is 70 years old. To know more details, customers can contact the Meethaq Call Center 24/7 on 24656666, while applications can be made in person at the nearest Meethaq branch. More details are also available at https://www.meethaq.om.

Meethaq is continuously introducing new financial solutions and services for different sections of society in line with the changing needs of its customers and the nation’s continuous progress and development. With its innovative Shari’a based products, Meethaq’s services continue to witness a remarkable growth. It must be noted that every Meethaq product goes through the process of Shari’a-compliance certification by the Shari’a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman. Meethaq’s adoption of AAOIFI standards (Accounting & Auditing Organisation for Islamic Financial Institutions) further distinguishes Meethaq Islamic banking practices in terms of standardisation of its products and services complementing its world-class Islamic banking experience.

As the leader in the Islamic banking industry in Oman, Meethaq has a strong track record of winning many prestigious local, regional and international awards for its outstanding achievements in Islamic banking. Accolades won in the past include the Best Islamic Bank in Oman award from Islamic Finance News (IFN), Oman’s Most Trusted Brand (Islamic Banking) from Apex Media, GIFA Market Leadership Award, Leading Islamic Banking Brand in Oman Award from Global Brands and the Best Islamic Digital Bank Award from Global Finance.