Safely deposit your funds in Meethaq Current Account and enjoy unlimited access to it to conduct personal or business transactions
If the account average balance falls below OMR 200 for the month, account minimum balance fees will apply at the beginning of the following month.
Enjoy a unique banking experience with Meethaq Hibati savings account.
Hibati is a Mudarab Based savings account where the savings Account holder provides funds as ‘Rabb-ulMaal’ and Meethaq invests these funds as ‘Mudarib’ i.e. the fund manager. Based on this relationship, the depositors and Meethaq become beneficiaries of the profit earned (if any). If the joint investment pool earns profit, it is distributed based on a pre-agreed ratio between depositors and Meethaq, this is called the Profit Sharing Ratio (PSR).
Due to local regulations, the prize draw scheme of Hibati Savings Account from 1st January 2022. The account continues to provide profit rate on your savings on a monthly basis and you can enjoy all the benefits the account offers you.
The structure of the account is changed due to banking policies update. The prize draw will be withdrawn starting 1st of January 2022 and the account holder will still be eligible to earn profit on the monthly average balance.
You can continue using your Hibati Savings Account for your savings and benefit from the state of the art banking facilities of Meethaq Islamic Banking.
0.1%. Expected profit Rates are declared in the beginning of the month and actual profit rates are declared after the month end.Profit from the pool of Shari'a compliant financing is calculated at the end of every month.Meethaq keeps a share of the achieved profit as Mudarib's share. The balance profit is distributed between the customers as per predetermined weightages shared with the customers on monthly basis through Meethaq website and Branch Noticeboards.
You can open Meethaq Savings Account to earn profits up to 3.15% p.a.
Customers can apply by visiting nearest Meethaq branch.
Experience world-class service and latest technology with Meethaq, Oman’s most popular Islamic savings
Monthly Average Balance (OMR Deposits Only)
Expected profit rates
Less than RO 500
500 to 4,999.99
5,000 to 14,999.99
15,000 to 29,999.99
30,000 to 49,999.99
50,000 to 99,999.99
100,000 to 149,999.99
150,000 to 199,999.99
200,000 to 249,999.99
250,000 to 299,999.99
300,000 to 499,999.99
500,000 to 749,999.99
750,000 to 999,999.99
1 Million and above
Meethaq savings account is based on the concept of mudarabah - a kind of partnership
under Islamic shari’a. All products of Meethaq are designed according to the guidelines
set down by the Central Bank of Oman for Islamic banking and they also undergo a
thorough process of shari'a compliance certification by the bank’s shari'a
Packed with unique features and benefits, neswa savings account is crafted to make women’s life easy and help
pursue goals that matter
No, the customer can only have one neswa savings account.
Meethaq Islamic Banking, acting as a facilitator, will forward the customer’s
case to the takaful company. the company will process takaful claims and the
bank shall only facilitate the process of the claim.
Gift your children a secure future with meethaq children savings account , the fun way to learn the importance of saving from an early age
Meethaq children Savings Account is based on the concept of Mudarabah which is a kind of partnership under Islamic Sharia. All products of Meethaq are designed according to the guidelines set down by the Central Bank of Oman for Islamic Banking and they also undergo a thorough process of Sharia Compliance Certification by our Sharia Supervisory Board.
Profit from the pool of Sharia compliant financing is calculated at the end of every month. The balance profit is distributed between the customers as per pre-determined weightages. These weightages are announced each month at the beginning of the profit calculation period.
For children younger than 14 years of age, Meethaq offers Baraem savings account. As for Minor’s between the age range of 14 to 17
Earn healthy returns on your investment, without compromising on your beliefs, by depositing in meethaq term
Meethaq term deposit is based on the concept of mudarabah - a kind of partnership under
Islamic shari’a. all products of meethaq are designed according to the guidelines set
down by the Central Bank of Oman for Islamic banking and they also undergo a thorough
process of shari'a compliance certification by the bank’s shari'a supervisory
No, there is no penalty charged. however, the bank may deduct any amounts paid as profit
from the principal value of the deposit or profit payable thereon, where amounts already
paid as profit with reference to a rate higher than the applicable rate for
Achieve your life goals with meethaq savings plan, which offers a unique combination of saving, investment and
Meethaq Savings Plan offers an attractive profit rate of 3% per annum (p.a).
Yes, a customer can have multiple plans; however, the cumulative sum cover, or the
takaful cover inclusive of all meethaq saving plans, will only be up to rials Omani
Monthly Installment / Deposit / Contribution
Term / Tenor
Starting Takaful Coverage*
End of Term, Cash Value**
* Takaful coverage will reduce as the regular contributions are paid by the customer.
** End of term cash value is based on expected profit rate and other assumptions. however, the actual results will be
based on mudarabah pool income, weightages and payment of regular contributions by MSP holder or customer.
Disclaimer: The above values are based on expected profit rate of 3% per annum and this may change based on
the mudarabah pool assets performance. the mudarabah rates are declared on monthly basis.
Give your valuables the safety of a locker with meethaq safe deposit locker service, which ensures that your
valuables are safe and your mind is at peace
The locker service available to meethaq customers is based on the shariah compliant
terms of ijarah.
No, currently the bank doesn’t arrange any takaful coverage on the lockers; customers
need to arrange takaful covers on their own.
A customer can apply for a maximum of three lockers at one time. Sbject to lockers
The service will be available at other branches in the future.
50 Omani Rial is charged by the bank to arrange a new key for the locker.
The customer needs to pay a one-time security deposit of 100 OMR as security deposit
at the time of booking of locker, to cover the rental in case the customer doesn’t
pay the dues or doesn’t report to vacate the locker. This amount is refundable once
the customer vacates the locker.
The rentals vary based on locker size and rental tenor (1 month, 3 months, 6 months
or 1 year). flexible payment options are available for the locker rental like
monthly, quarterly, semi-annual or annual payment.
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