العربية

Meethaq Current Accoun​t

Safely deposit your funds in meethaq current account and enjoy unlimited access to it to conduct personal or business transactions

Features:
  • Debit Card (for individuals only) with daily cash withdrawal limit of RO 600 from the ATM.
  • Withdrawal and deposit facility through nationwide ATM/CDM network and Meethaq Branches. On local ATM cash withdrawal the Bank reserves the right to waive the fees associated with the withdrawal.
  • Cheque book facility available.
  • Manage the account on the move with free 24x7 Electronic Banking services including Internet Banking, ATMs, Cash/Cheque Deposit Machines and Mobile Banking.
  • Flexibility to make purchases at more than 27 million Visa endorsed shopping outlets worldwide through the Visa Debit Card.
  • Pay your bills for Electricity, Water, Telephone, Internet, Schools, etc.
  • Hassle free account opening process with minimum documentation.
  • Fees and charges shall be applied as per the tariff book; available in the branches and on the bank's website.

Eligibility:

any Omani citizen or resident (single or joint) or a registered company can open the account at any meethaq branch.

FAQs:

Meethaq Hibati Savings Account

Enjoy a unique banking experience with Meethaq Hibati savings account.

Shari’a Basis:

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).

Eligibility:

All Omanis or Expats 18 years of age or above are eligible to open the Hibati Savings Account by visiting a nearest Meethaq branch with identity card (in case of Omani citizens, please bring original National ID card) and resident card plus passport (in case of resident expatriates, please bring original).

Features:
  • Mudarabah Profit Rates: The profit on Hibati Savings Account shall be calculated and paid on monthly basis based on the declared weightages and profit rates.
  • Visa Debit Card: You shall be entitled to receive a Visa Debit card linked to the Hibati saving account. Through the card you can perform ATM withdrawals and point of sale (POS) transactions at millions of Visa merchants worldwide.
  • No Minimum balance Charges: There will be no minimum balance charges on the account irrespective of the deposit maintained by you. Also there will be no minimum balance requirement for Mudarabah profit eligibility so you can keep any balance and still be entitled for profit.
  • Online Banking facility: There will be no restrictions on number of transactions in the account be it through electronic channels or the branches. You will be able to access the account from any branch of the bank.
  • E-Banking facility: You will be able to access the account through E-Channels such as mobile and internet banking free of charge.​

Hibati Savings Account 2022:

Due to local regulations, the prize draw scheme of Hibati Savings Account will not continue from 1st January 2022. The account will still continue to provide profit rate on your savings on a monthly basis and you can enjoy all the benefits the account offers you.

FAQs:

Terms & Conditions    Shariah Pronouncement​​​​​

Meethaq Savings Account

Experience world-class service and latest technology with meethaq, Oman’s most popular Islamic savings account

Features:
  • Profit at competitive rates will be credited to your account on a monthly basis and there is no minimum balance requirement for profit eligibility. Profit (if any) will be credited to customer accounts based on the monthly average balance.
  • The historical profit rates, profit sharing ratio and weightages are available on the website and branch noticeboards.
  • Tiered/Slab based profit rates, so the higher the average balance the higher the profit. Profit rates vary each month based on "Mudarabah" pool calculation.
  • Free Life Takaful in case the customer is maintaining an average balance of RO 30,000 or above, the life cover is capped at RO 50,000.
  • No penalty or fees in case of low balance.
  • Debit Card with daily cash withdrawal limit of RO 600 from the ATM, on local ATM cash withdrawal, the Bank reserves the right to waive the fees associated with the withdrawal.
  • Withdrawal and deposit facility through nationwide ATM/CDM network.
  • Manage the account on the move with free 24x7 Electronic Banking services including Internet Banking, ATMs, Cash/Cheque Deposit Machines and Mobile Banking.
  • Flexibility to make purchases at millions of Visa endorsed shopping outlets worldwide.
  • Pay your bills for Electricity, Water, Telephone, Internet, School Fees etc.
  • Hassle-free account opening process with mi​nimum documentation
Eligibility:
  • Any Omani citizen or resident (single or joint) or a registered company can open the account at any meethaq branch
  • Legal guardians can open the account in case of minors
​
Expected profit rates for ​the month of April​​​ 2023:
Monthly Average Balance (OMR Deposits Only) Expected profit rates​
Less than RO 500
0.10%
500 to 4,999.99
0.20%
5,000 to 14,999.99
0.40%
15,000 to 29,999.99
0.60%
30,000 to 49,999.99
0.80%
50,000 to 99,999.99
1.00%
100,000 to 149,999.99
1.25%
150,000 to 199,999.99
1.50%
200,000 to 249,999.99
1.50%
250,000 to 299,999.99
1.75%
300,000 to 499,999.99
2.25%
500,000 to 749,999.99
2.50%
750,000 to 999,999.99
2.75%
1 Million and above
3.15%

FAQs:

Apply Now​​​​​​​​​​​

Neswa Savings Account

Packed with unique features and benefits, neswa savings account is crafted to make women’s life easy and help pursue goals that matter

Features:
  • Visa Debit Card with an ATM withdrawal limit of RO 800 and access to the largest network of ATMs and CDMs across Oman. Chargesapplied as per Meethaq tariff book.
  • Complimentary Takaful coverage under Woman's Wellness Program which includes:
  1. Life cover up to RO 10,000
  2. Wallet/Handbag cover up to RO 1,000
  3. Loss of ID Cards / Keys cover up to RO 100

   The customer has to maintain an average balance of RO 5,000 in the  Neswa account to be eligible for the above mentioned covers.

  • Attractive profit rates paid on the average balance of the month.
  • Exclusive discounts on Safe Deposit lockers: Up to 50% discount on locker annual rental charges of the first year for account holders meeting the product criteria; subject to locker availability.
Eligibility:
  • Any female (Omani citizen or resident), 18 years or above, is eligible to open a neswa savings account
  • She should have a minimum balance amount of rials Omani 300 or minimum salary transfer of rials Omani 500

FAQs:

Apply Now​​​​​​​​​

Meethaq Children Savings Account

Gift your children a secure future with meethaq children savings account (baraem), the fun way to learn the importance of saving from an early age

Features:
  • Profit at competitive rates credited to the account on monthly basis and no minimum balance requirement for profit eligibility. Profit credited (if any) to customer accounts calculated based on monthly average balance.
  • The historical profit rates, profit sharing ratio and weightages are available on website and branch noticeboards.
  • Tiered/Slab based profit-rates, so the higher the average balance the higher the profit. Profit rates vary each month based on Mudarabah pool calculation.
  • Insure child's future education with Meethaq' s complimentary child education Takaful cover by maintaining RO. 5,000 and above in the child's Baraem savings account to (Max up to 4 kids with 4 separate Baraem accounts).
  • Free Standing Order to transfer funds from Parent / Guardian account to Baraem account.
  • You can open the account with an amount as low as RO 50.
  • No penalty or fees in case of low balance.
  • Manage the account on the move with Free 24x7 Electronic Banking services including Internet Banking, ATMs, Cash/Cheque Deposit Machines and Mobile Banking.
  • Hassle free account opening process with minimum documentation.
  • For Child Education Takaful cover the maximum coverage age of the parent / guardian is up to 65 years. In case there is a claim lodged and the parent / guardian age is 65 years or above then the claim will not be admissible. At the time of a claim the child age can be up to 18 years or Grade 12 whichever is lower.  
Eligibility:

Any parent or guardian who is an Omani citizen or a resident in Oman can open the account for his/her children under the age of 14 years, from any meethaq branch.

FAQs:

Meethaq Term Deposit

Earn healthy returns on your investment, without compromising on your beliefs, by depositing in meethaq term deposit

Features:
  • Option to choose the period of your investment from 1 month to 6 years
  • Minimum amount of deposit is Omani Riyals 1,000/- only or equivalent USD
  • Profit at competitive rates credited to your account at the chosen profit payment frequency (Maturity, Annual, Semi Annual, Quarterly, Monthly)
  • Profit rates are announced at the beginning of each month for the previous month
  • Pre-mature break or encashment of the deposit is allowed
  • Automatic renewal-of-investment option is available, no need to track the Maturity dates
  • Acceptable as collateral for other banking facilities
  • Invest RO 30,000 and above and become a Hafawa Priority Banking customer
  • Get the Visa Debit card facility to collect your profit from the Term Deposit linked Profit Account
  • Hassle free account opening process with minimum documentation
Eligibility:

Any Omani citizen or resident (single or joint) or a registered company can open the account at any meethaq branch.

FAQs:

Meethaq Savings Plan

Achieve your life goals with meethaq savings plan, which offers a unique combination of saving, investment and protection

Features:
  • Goal based savings product
  • Plans start as low as rials Omani 50 per month
  • Plans ranging from 3 years up to a maximum of 64 years of customer age
  • Flexible contribution payment options (monthly/quarterly/semi-annual/or annual)
  • Direct debit/standing order facility to transfer the contributions to the savings plan account
  • Attractive profit rate (with profit added back to the savings plan account, monthly)
  • Inbuilt takaful cover to protect the savings goal provided by a local takaful company
  • Contributions invested in shariah compliant financing and investments of meethaq
  • Option to withdraw up to 10% of the accumulated contributions from the savings plan account in case of an emergency
  • Option for partial withdrawal one time in a calendar year (from jan-dec)
  • Access to full encashment with a 1% pre-closure fee that will be applied on the accumulated contributions from the savings plan account
Eligibility:

All individuals aged 18 years and above, up to the maximum age of entry of 64 years, can apply for meethaq savings plan.

FAQs:

Illustrative table to underst meethaq savings plan (OMR 100 initial investment):

Monthly Installment / Deposit / Contribution

Term / Tenor

Starting Takaful Coverage*

End of Term, Cash Value**

Total Contributions

Total Profit**

RO 50

15 years

9,000

OMR 11,505.38

OMR 9,100.00

OMR 2,405.38

RO 100

15 years

18,000

OMR 22,854.01

OMR 18,100.00

OMR 4,754.01

RO 150

15 years

27,000

OMR 34,202.65

OMR 27,100.00

OMR 7,102.65

* 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.​​​

Meethaq Safe Deposit Lockers

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

Features:
  • Lockers available in three different sizes, Small, Medium and Large.
  • Flexibility to pay Rent on a Monthly or Annual basis.
  • You can assign up to 4 other persons (18 years or above) to access the Locker based on your one time authorization at the time of opening of the Locker service.
  • Complete maintenance of log / record for Locker visits, available for the customer information, if required.
  • The Lockers can be rented for shorter periods such as 3 months, 6 months etc.
  • Auto renewal of the facility available so you don't need to worry for the regular renewals. The rental will also be automatically collected from the specified linked account.
  • You can vacate the Locker by providing a one month notice to your respective Branch.
  • Locker service is available on a first come first serve basis; if the service is not available at your branch you can apply for the service at another branch.
  • Safe access to the Lockers during Branch Operation Hours; Sunday to Thursday, 8:00 AM to 2:00 PM.

    • Eligibility:
    • All individuals (18 years or above age) who have (or want to open) a current or savings account with meethaq can avail the service
    • The account should have sufficient funds to recover the periodic rental applicable for the locker service based on the type of locker occupied

    Special Offer:

    50% discount on annual rent for the first year. Valid until 31st March 2023. Click here to view Terms and Conditions.

    FAQs: