Meethaq is globally awarded for being the 2023 market leadership bank in the Islamic Banking sector

Roundup Tuesday 24/October/2023 14:16 PM
By: Times News Service
Meethaq is globally awarded for being the 2023 market leadership bank in the Islamic Banking sector

Muscat: In recognition of its robust track record of achievements and its emphasis on its Islamic banking stance since inception in 2012, Meethaq Islamic Banking from Bank Muscat, received, for the second year consecutively, the Market Leadership Bank Award at the 13th Award Ceremony organized by Global Islamic Finance (GIF). The Global Islamic Finance Awards grant honor to the best Banks in the Islamic financial industry worldwide and they are considered as one of the top accolades for the global Islamic banking and finance sector.

Meethaq Islamic Banking owns the largest Islamic branch network in the Sultanate comprising over 27 branches, 13 branches in Muscat and 14 branches distributed across other governorates. Additionally, Meethaq is currently offering its customers access to a dedicated network of over 50 ATMs/CDMs while also providing them with free access to over 800 ATMs and CDMs of Bank Muscat across the Sultanate, ensuring seamless 24 hours daily banking transactions. Customers can also benefit from world-class Mobile and Internet banking facilities and can easily connect with our state-of-the-art call center for assistance.

Speaking on the occasion and expressing his pride on this great achievement which highlights Meethaq’s successful journey for more than 10 years in the Islamic banking industry, Sami Bait Rashid, Assistant General Manager, Meethaq Personal Banking, stated that the ongoing recognition Meethaq has received since its inception underscores the high-quality sharia-compliant services and products provided to both individual and corporate customers. In the light of this, he emphasized that Meethaq Islamic Banking remains committed to upholding its strong track record characterized by continuous successes and fulfilling its mission. He also noted that Meethaq is fully committed to continuous innovation in its banking operations, keeping pace with global financial trends to develop new cutting-edge products that meet customer aspirations and needs. Furthermore, He affirmed Meethaq’s commitment to providing top-notch banking services to strengthen its customer base and enhance the overall customers experience.

Meethaq Islamic Banking’s comprehensive range of value-added products and services undergoes rigorous Shariah compliance certification by the Sharia Supervisory Board and adhered to guidelines set forth by the Central Bank of Oman. Meethaq’s adoption of AAOIFI standards (Accounting & Auditing Organisation for Islamic Financial Institutions) further distinguishes its Islamic banking practices. Additionally, Meethaq Islamic Banking offers a complete suite of Islamic banking products and services for its retail customers including savings accounts, current accounts, home finance, auto finance, debit / credit cards, Mobile and Internet banking and SME & corporate customers including current accounts, working capital, short term and long-term facilities. Emphasizing its stance of excellence in the Baking sector, Meethaq Islamic Banking won accolades in the past including the Best Islamic Bank in Oman award from Islamic Finance News (IFN) and Oman’s Most Trusted Brand (Islamic Banking) from Apex Media.

For more information on the Sharia-compliant services and products offered by Meethaq Islamic Banking, customers may visit