Latest news with #Meethaq
Times of Oman
24-07-2025
- Business
- Times of Oman
Bank Muscat launches new edition of 'EAGLEs' Programme for Branch Managers
Muscat: Bank Muscat, the leading financial services provider in the Sultanate of Oman, upholds commitment to developing the skills of national human resources. In line with its dedication and vision to foster sustainable professional growth and equipping employees with the leadership capabilities needed for navigating future challenges, the Bank has launched a new edition of the 'EAGLEs' Programme, a vital platform that empowers leading employees and aims to create a more connected, resilient, and accountable workforce. The 'EAGLEs' programme stands for Engage, Align, Grow, Learn, Evolve, and it constitutes a key initiative that underscores the Bank's strategic endeavours to invest in its employees and support its broader mission of empowering emerging Omani talent. The new edition is tailored for branch managers employed at the Bank's retail branches, corporate branches, as well as Meethaq's branches, aiming to recognize their pivotal role in driving operational excellence, customer satisfaction, and team performance. It is worth noting that the current edition will feature a total of 181 participants from branch managers and run into two batches. To mark the occasion, Bank Muscat held an event for the first batch of the new edition, that was attended by members of the executive management and branch managers across the entire branch network, including conventional, corporate and Meethaq Islamic Banking branches. All participants will undergo training with the aim to equip them with essential business development tools, enabling them to deliver exceptional banking services and enrich the overall customer experience. On this occasion, Ahmed Faqir Al Bulushi, Deputy Chief Executive Officer – Banking at Bank Muscat, delivered a keynote address applauding the vital and impactful role of branch managers in driving business development and delivering top-tier service to customers. He said: 'This programme represents a significant milestone in the Bank's journey toward cultivating a culture of excellence, innovation, and continuous growth. It also serves as an effective platform for learning and skill-building among Omani banking professionals, enabling them to better serve customers and contribute meaningfully to the Bank's long-term success. The 'EAGLEs' Programme is part of the Bank's ongoing efforts to align with customer expectations and meet their banking needs, in line with its vision 'To serve you better everyday.' We would like to deliver our best wishes to all branch managers who are a cornerstone of the Bank's operational structure, representing the face of the institution and playing a central role in implementing strategic objectives.' Ahmed Al Bulushi further reiterated: 'Effective leadership is essential to realizing the Bank's strategic goals. The programme provides an ideal forum for branch managers to exchange ideas, refine leadership competencies, and strengthen teamwork. Bank Muscat, remains dedicated to investing in its employees' capabilities, encouraging open communication between branch leadership and senior management, and fostering a collaborative, innovative, and success-driven work culture rooted in the Bank's core values.' Bank Muscat places great importance on developing the skills of its employees through a wide range of training programmes and educational opportunities from the outset of their employment. The Bank has set a strategic plan aimed at extending its support to developing human resources and opening new pathways for young Omanis to showcase their professional potential, by performing across-department coordination for assessing staff needs and responding proactively to evolving workforce and banking sector demands. Over the years, Bank Muscat has continued to enhance its model work environment, ensuring the delivery of world-class services and facilities to both individual and corporate customers. Today, the Bank is recognized as an employer of choice and a preferred career destination for many young Omanis. The Bank currently has over 4,000 employees across departments and branches in all governorates of the Sultanate. Employees benefit from diverse opportunities to participate in training programmes and workshops. In 2024, Jadara Academy, the Bank's dedicated Learning and Development Center, organized over 525 training programmes and online modules that provided 46737 training seats over a total of 51354 training days. Over 164 employees participated in different programmes, including educational and training programmes as well as opportunities to pursue higher education at local colleges and universities. In addition, a number of 55 employees successfully completed their professional certifications during various programmes.
Times of Oman
12-07-2025
- Business
- Times of Oman
Meethaq Islamic Banking awarded the Pioneer in Digital Islamic Banking title
Muscat: Reaffirming its leadership in delivering Sharia-compliant banking and financial solutions, Meethaq Islamic Banking from Bank Muscat has been awarded the Pioneer in Digital Islamic Banking for 2025 title at the OER DX Live Conference and Awards event, organised by Oman Economic Review (OER). The event was held under the patronage of H.E. Suba' Hamdan Al Saadi, with the attendance of H.E Sheikh Salim Mustahail Al Mashani. Ali Ahmed Al Lawati, Assistant General Manager, Meethaq Corporate Banking, received the award on behalf of Meethaq Islamic Banking, alongside officials from various institutions and practitioners from the digital banking industry. On this occasion, Ali Ahmed Al Lawati expressed his pride in the recognition Meethaq has gained with this prestigious award. He stated: 'This accolade reaffirms Meethaq's pioneering role in the country's Islamic banking sector by offering comprehensive solutions that meet the varied requirements of customers. Meethaq has significantly contributed to reshaping the Islamic banking landscape in the Sultanate, evident in the trust and strong uptake from customers for Meethaq's Sharia-compliant financial solutions. Meethaq continues to uphold its excellence and innovation by delivering distinguished and forward-thinking Islamic banking solutions aligned with aspirations and financial goals of Meethaq's institutional and individual customers.' Meethaq provides a full suite of Sharia-compliant banking products and financing solutions designed to serve the needs of individuals, SMEs, and corporate entities. All offerings are subject to the regulatory framework of the Central Bank of Oman and undergo thorough Sharia audit and supervision by Meethaq's Sharia Supervisory Board to ensure full compliance with Islamic jurisprudence. The Sharia-compliant offerings for retail customers include deposit products such as savings accounts, current accounts, children's savings accounts, fixed deposits and Meethaq's structured savings plans. On the financing front, Meethaq offers a range of Islamic finance facilities, including personal finance, auto finance, home finance, and funding for travel, education, marriage, and personal purchases. For its SME and corporate customers, Meethaq offers a variety of commercial banking solutions, including current accounts, project finance, short-term and long-term financing facilities, trade finance based on 'Ijarah', and large-scale project financing. All these offerings are structured in accordance with Islamic financial principles. In addition, Meethaq has upgraded its digital platforms thereby individual and corporate customers may avail a suite of Sharia-compliant solutions and services, aiming to offer them an exceptional banking experience. Meethaq operates the largest branch network in the Islamic banking sector in Oman, with 32 dedicated branches across the Sultanate. It also maintains over 50 self-service machines for cash deposit and withdrawal. In addition, Meethaq's customers benefit from access to over 900 ATMs and CDMs across Bank Muscat's network, offering seamless access to its banking services. Meethaq's commitment to excellence in Islamic finance has been recognised over the years through numerous regional and global accolades. These include the Best Islamic Investment Bank Award from Islamic Finance News, Best Digital Islamic Bank and the Market Leadership Awards from Global Finance, and Best Islamic Banking Window Award at the Thimar Excellence Awards by The Arabian Stories. These honours underscore Meethaq's position as a leading Islamic financial institution, firmly dedicated to offering Sharia-compliant banking and investment solutions that align with the evolving needs of both individual and institutional customers.
Zawya
07-07-2025
- Business
- Zawya
Bank Muscat & Meethaq Islamic Banking discuss bilateral cooperation with Malaysian Securities Commission
Out of a strong commitment to enhancing cooperation with various partners in the region, Bank Muscat and Meethaq Islamic Banking convened with the Securities Commission of Malaysia at the Bank's headquarters in Airport Heights. The meeting was attended by a number of officials and employees from both institutions. This collaborative effort aims to exchange valuable experiences in investment and to stimulate the flow of investments through the development of innovative financial products, leveraging Malaysian expertise in managing securities, investment funds, and other mutual interests. During the meeting, the initiatives undertaken by Bank Muscat and Meethaq Islamic Banking to support the Omani capital market were thoroughly reviewed. Discussions also revolved around the potential for joint cooperation with the Securities Commission of Malaysia, focusing on knowledge and experience sharing in ensuring the efficiency and safety of capital markets, protecting investor interests, promoting market growth, and developing as well as implementing effective Islamic finance strategies. The meeting represents a significant advancement in fortifying relations between the financial sectors of the Sultanate of Oman and Malaysia, contributing to regional development and fostering long-term partnerships. It aligns with Bank Muscat and Meethaq Islamic Banking's ongoing efforts to reinforce their presence in the regional market and provide integrated financial services tailored to the needs of investors and beneficiaries in the Sultanate of Oman. Bank Muscat is dedicated to delivering innovative and personalized financial solutions for individuals and businesses, to help them achieve their strategic objectives. The Bank has successfully transformed the business landscape by embracing digital transformation strategies and leveraging the latest technological advancements to serve its customers. It has launched a comprehensive platform for executing banking transactions, offering a wide array of services, including clearing payment transactions, liquidity management, and international trade services. Furthermore, the Bank plays a pivotal role in offering customized investment solutions that encompass equities, fixed income, real estate, and private equity investments. In the realm of Islamic banking, Meethaq delivers a complete suite of banking services and solutions to individual and corporate customers, which includes personal financing such as working capital financing, project financing, and term financing, in addition to a range of commercial services. Meethaq also provides investment solutions based on Wakala and Mudaraba concepts and investment sukuk, besides the opportunity to invest in the Sharia-compliant Meethaq Fund shares, offering exceptional investment solutions. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
06-07-2025
- Business
- Times of Oman
Bank Muscat & Meethaq Islamic Banking Discuss Bilateral Cooperation with Malaysian Securities Commission
Out of a strong commitment to enhancing cooperation with various partners in the region, Bank Muscat and Meethaq Islamic Banking convened with the Securities Commission of Malaysia at the Bank's headquarters in Airport Heights. The meeting was attended by a number of officials and employees from both institutions. This collaborative effort aims to exchange valuable experiences in investment and to stimulate the flow of investments through the development of innovative financial products, leveraging Malaysian expertise in managing securities, investment funds, and other mutual interests. During the meeting, the initiatives undertaken by Bank Muscat and Meethaq Islamic Banking to support the Omani capital market were thoroughly reviewed. Discussions also revolved around the potential for joint cooperation with the Securities Commission of Malaysia, focusing on knowledge and experience sharing in ensuring the efficiency and safety of capital markets, protecting investor interests, promoting market growth, and developing as well as implementing effective Islamic finance strategies. The meeting represents a significant advancement in fortifying relations between the financial sectors of the Sultanate of Oman and Malaysia, contributing to regional development and fostering long-term partnerships. It aligns with Bank Muscat and Meethaq Islamic Banking's ongoing efforts to reinforce their presence in the regional market and provide integrated financial services tailored to the needs of investors and beneficiaries in the Sultanate of Oman. Bank Muscat is dedicated to delivering innovative and personalized financial solutions for individuals and businesses, to help them achieve their strategic objectives. The Bank has successfully transformed the business landscape by embracing digital transformation strategies and leveraging the latest technological advancements to serve its customers. It has launched a comprehensive platform for executing banking transactions, offering a wide array of services, including clearing payment transactions, liquidity management, and international trade services. Furthermore, the Bank plays a pivotal role in offering customized investment solutions that encompass equities, fixed income, real estate, and private equity investments. In the realm of Islamic banking, Meethaq delivers a complete suite of banking services and solutions to individual and corporate customers, which includes personal financing such as working capital financing, project financing, and term financing, in addition to a range of commercial services. Meethaq also provides investment solutions based on Wakala and Mudaraba concepts and investment sukuk, besides the opportunity to invest in the Sharia-compliant Meethaq Fund shares, offering exceptional investment solutions.
Times of Oman
22-06-2025
- Business
- Times of Oman
Meethaq's Shari'a Supervisory Board Approves Reports and Discusses Financing Transactions and Products
The Shari'a Supervisory Board (SSB) of Meethaq Islamic Banking from Bank Muscat held its second meeting for 2025 at the Bank's Head Office. The meeting was chaired by Sheikh Dr. Abdullah bin Mubarak Al Abri, Chairman of the Board, and attended by other Board members, as well as senior representatives from the Sharia'a supervisory and audit departments. During the meeting, the Board Approving the Sharia Audit Report for Q2, the semi-annual Charity Report, Sharia Risk Control Report, and the activities of the Sharia'a Control Department. The SSB discussed several key themes, including structured financing transactions and new products that Meethaq intends to launch during the coming period. It also endorsed the Shariah certificate for separation of Meethaq funds. The regular meetings of the Sharia'a Supervisory Board play a vital role in deliberating on topics pertaining to Islamic transactions, business contracts and practices. These discussions enable the Board to formulate the necessary recommendations and resolutions to ensure compliance with Sharia'a principles. The Board is composed of scholars and experts in Islamic jurisprudence and contemporary economics. They are responsible for reviewing and approving all products, services, activities, investments, and transactions before they are implemented, as well as auditing them post-execution with the assistance of the Internal Shari'a Audit Department to ensure compliance with Shari'a principles as outlined in the Board's rulings and fatwas. Since its inception in 2012, Meethaq Islamic Banking from Bank Muscat has played a pivotal role in transforming the Islamic banking landscape in the Sultanate. Meethaq has contributed to the sector's growth by offering top-quality banking services, products, and facilities that align with Islamic Shari'a principles and cater to the diverse needs of individuals, institutions, and SMEs. All services are provided under the supervision of the Shari'a Supervisory Board and in line with the regulatory framework issued by the Central Bank of Oman for Islamic banks. Through its journey spanning over 12 years, Meethaq has continued to strengthen its leadership in Oman's Islamic banking sector. It has expanded its network to 32 branches and 20 Hafawa centers dedicated to premium banking services across various governorates in the Sultanate. Meethaq also operates over 50 cash deposit and withdrawal machines, with customers benefiting from access to Bank Muscat's extensive ATM network of approximately 900 machines across the country. Affirming its leadership in the field, Meethaq has earned numerous regional and international awards over the past years, recognizing the quality of its banking services and financial solutions. These accolades include the "Best Investment Bank in Oman Award" from Islamic Finance News (IFN), "Best Digital Bank" and "Market Leadership" Awards from Global Finance, and "Best Islamic Window in Oman Award" as part of the Thimar Excellence Awards from The Arabian Stories. These recognitions underscore Meethaq's status as a leading institution in Islamic banking and its ongoing commitment to delivering Shari'a-compliant banking solutions that meet the evolving needs of customers.
