Meethaq offers exclusive rates on Retail Financing, Deposits and Credit Cards

Muscat: Meethaq Islamic Banking from Bank Muscat has announced exclusive offers for its customers on retail financing, deposits and credit cards. Meethaq has always been at the forefront in catering to customer’s financial needs through attractive rates and offers. The current offers include a 53% discount on all finance application processing fees and a 4.99% p.a. profit rate on all financing products, along with a very attractive rate for takeover cases of housing and personal finance.

In addition, customers will be able to enjoy a 53% discount on issuance fee on all credit cards issued during the promotion period. For customers who spend RO 100 or more in a single credit card transaction, they will get a cashback of 5.3% (max cashback RO 10 per month). The offers will continue till 31 December 2023.

Customers will also enjoy special offers on deposit products, which includes cash bonuses on all standard fixed deposit bookings of 18 months and above with amounts of RO. 5,000 and higher, and a separate offering on fixed deposit bookings with a higher profit rate of 5.53% per annum on all bookings of 18 months and above with amounts of RO. 30,000 and higher. In addition to a 53% discount on Safe Deposit Lockers annual rent for the first year on all locker sizes.

On this occasion, Sami Bait Rashid, Assistant General Manager, Retail Banking – Meethaq, said: “Meethaq is keen on delivering world class innovative Islamic banking products and services in the Sultanate driven by its strong customer-centric vision. We hope to provide a variety of choices to meet the different financial needs of our customers through these offers. Meethaq is relentlessly working to simplify procedures and provide custom options to meet the individual needs of customers. I would like to take this opportunity to thank all our customers for their continuous confidence and would like to invite them to benefit from these special offers.”

Since its inception, Meethaq has established the largest Islamic branch network in Oman with 27 branches, a dedicated network of over 50 ATMs/CDMs, and free access to more than 750 ATMs and CDMs of Bank Muscat across the country. Every Meethaq product goes through the process of Shari’a compliance certification by its 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.

In recognition of its robust track record of achievements and its emphasis on its Islamic banking stance, Meethaq has been rewarded 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 honour 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.

For more details about the products, please visit: (https://www.meethaq.om/en/consumerfinancing/Pages/default.aspx) for financing products, (https://www.meethaq.om/en/meethaq-cards/Pages/cards-new-landing-page.aspx) for cards and (https://www.meethaq.om/en/depositproducts/Pages/default.aspx) for deposit products, or call 24656666.