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Bank Muscat’s free Maliyat programme helps improve financial literacy and awareness

Bank Muscat has called on the general public to utilise some of their free time to upgrade their financial literacy and knowledge.

TAS News Service
March 25, 2020 5:07 pm

MUSCAT: In line with its commitment to sustainability, Bank Muscat, the flagship financial services provider in the Sultanate, has called on the general public to utilise some of their free time to upgrade their financial literacy and knowledge. This major CSR initiative launched by the bank earlier in 2019 for the benefit of all people in Oman has been helping increase financial literacy and awareness among people in the sultanate over the past few months. The Maliyat programme is available in both Arabic and English and Bank Muscat encourages everyone to improve their financial literacy for free by registering at and completing the programme.

Talib Saif Al Makhmari, Manager, Community & Media Relations, Bank Muscat, said: “Bank Muscat has always focused on long-term benefits to the nation and it was with this goal in mind that the Maliyat financial literacy programme was launched in 2019. Maliyat will help Omani citizens and residents become financially more aware and fulfil their responsibility towards their families and the community. The bank calls upon everyone to make good use of their free time to upgrade their financial literacy and skills by completing this free course, thereby contributing to their own financial knowledge and awareness.”

As a forward-looking financial institution, Bank Muscat has been implementing several initiatives benefiting various segments of society and remains committed to sustainable development in Oman in line with the overall strategic growth vision of the Government of Oman. The curriculum is covered through an online self-learning mode that covers important financial topics such as personal budgets, financial planning, fiscal responsibility, how to manage income and expenditure, investments as well as general economic outlook and macro-economic policies. 

Those who complete the course will be better able to understand financial concepts like personal budgets, monitoring monthly expenditures, calculating interest payments and plan for their future so as to be able to respond effectively to any life-changing event like an economic downturn or job loss. They will also be able to understand and choose various financial products like insurance and loans based on their needs and capabilities. Those who successfully complete the required modules of the programme will be able to download a digital certificate of completion from the website.

Maliyat is a key component of the bank’s CSR strategy, which addresses a wide range of highly-topical issues like the changing economic climate and covers financial literacy, environmental sustainability and tourism-based businesses. The Maliyat curriculum comprises of macro-economic theory, age-appropriate financial best practices as well as an educational process that reinforces the financial best practices learnt during the course in one’s daily life.

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