MUSCAT, 14 May 2018
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in step with the bank’s vision ‘To serve you better, everyday’ and commitment to partnership in sustainable development, has commended the role of the newly established Imam Jabir Bin Zayd Waqf Establishment.
Aimed at promoting social integration, Imam Jabir Bin Zayd Waqf Establishment will support educational establishments as well as needy students. It will also provide medical support to needy patients suffering from critical illness and social support to people facing difficult situations.
Serving the larger interests of development, Imam Jabir Bin Zayd Waqf Establishment seeks to invest in real estate, industry, commerce, agriculture and other fields in accordance with the tenets of Islamic Shari’a.
Sulaiman Al Harthy, Deputy Chief Executive Officer – Islamic Banking, said: “Meethaq congratulates Imam Jabir Bin Zayd Waqf Establishment for the initiative to support the development of the country and local communities. We appreciate all efforts in utilising Waqf for various goodwill projects to support families in need and other charity initiatives. Innovative products and services are required to meet the evolving needs of the public, including utilisation of Waqf in compliance with Shari’a laws. Meethaq is committed to promoting Waqf and utilising it for the development of the country and society.”
Sulaiman Al Harthy added: “Islamic finance is evolving in a manner consistent with the principles of Shari’a law, serving the interests of community and business. The support to Waqf funds reiterates Meethaq’s commitment to responsible banking aimed at contributing to the country’s development.”
Meethaq is the leading Islamic financial services provider in the Sultanate with many achievements contributing to the growth and development of the Sultanate’s economy. Meethaq is focused on developing as a benchmark Islamic financial institution in Oman and the region.
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.