​MUSCAT, 1 April 2018

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched an attractive 1% cash-back promotion on its credit card transactions. Rewarding Meethaq credit cardholders with the attractive value proposition, the promotion runs for 3 months from 1 April to 30 June 2018, providing 1% cash-back on all Meethaq credit card PoS transactions in Oman.

Meethaq offers three types of credit cards ¬– Standard, Titanium and Hafawa Priority Banking card. All cards offer a host of unmatched Shari’a compliant services and rewards. The cards are based on the concept of Ujrah and no interest-based fee is charged on the card. The cash-back feature provides instant reward to customers every time they use their card.

All Meethaq credit cardholders are eligible to participate in the promotion. To avail the cash-back facility, all that customers need to do is use their credit cards to settle payments across merchant outlets in Oman. Only PoS transactions conducted in Oman are eligible for the cash-back offer. Each Meethaq credit cardholder can avail a maximum cash-back of RO 10 per month.

Sulaiman Al Harthy, Deputy Chief Executive Officer – Islamic Banking, said: “In line with the dynamic vision ‘To serve you better, everyday’, Meethaq is delighted to launch the cash-back card promotion offering attractive value proposition for customers. The Shari’ah compliant Meethaq cards, spell convenience and security, providing a secure option to pay for transactions across merchant outlets in Oman and abroad. The campaign reiterates Meethaq commitment to promoting secure card payment in Oman.”

Meethaq cards provide convenience and flexibility for customers in their day-to-day transactions at shopping malls, restaurants or holidays abroad. Packed with an array of features and benefits, the Chip and PIN cards are designed to make everyday purchases and payments secure and convenient. Offering greater flexibility and convenience, the cards provide access to the bank’s largest network of branches, ATMs and CDMs across Oman.

The campaign is aimed at motivating a change in consumer behaviour towards secure and convenient card payment.  During the campaign period, the more one spends on the card, the better the chances to win the cash rewards.

Meethaq has adopted the best practices in Islamic banking and finance worldwide to combine a robust model which protects customers and complements the Islamic banking industry. 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.