Business News

Hibati to celebrate 50th National Day with Special Draw

TAS News Service
November 4, 2020 1:02 pm

MUSCAT : Meethaq Islamic Banking from Bank Muscat has begun the countdown to conduct a special Hibati draw to celebrate the Sultanate’s 50th National Day on 18 November 2020. Fifty lucky winners will win prizes of RO 1,000 each during the special draw. All that a customer needs to do is maintain a minimum weekly balance of RO 100 in their Hibati account from 8th – 14th November 2020 to be eligible. 

Meethaq is committed to promoting a healthy savings habit in Oman and has been growing from strength to strength by helping customers realise their aspirations since its launch in 2013. The Hibati Savings account is based on the unrestricted Mudarabah contract. The cash prizes offered under Hibati’s 2020 prize draw scheme are ‘Hiba’ (gift) from Meethaq to its customers and are paid out of Mudarib’s (shareholders’) own sources. The cash prizes are in addition to the profit share of Investment Account Holders (IAHs) in the General Mudarabah Pool as per the declared profit-sharing weightages. With prizes including 100 weekly prizes of RO 100 each and 10 monthly prizes of RO 1,000 each, Meethaq’s Hibati offers one of the biggest Shari’a-compliant cash prize schemes in Oman. Recently 10 special prizes of RO 1,000 each were given away on the occasion of the Omani Women’s Day in October. Also mega prizes for the Hafawa segment are given away every quarter which include 6 prizes of RO 5,000 each and 5 prizes of RO 10,000 each for customers every quarter. A massive total of over RO 1 million will be given away to 5,424 winners in 2020.

Meethaq actively participates in all national events in order to bring joy and happiness to its customers and will continue to conduct additional special prize draws on a number of other special occasions during the year. For every RO 100 in weekly average balance during the week, the customer shall be entitled for one entry to the special draw. An interesting highlight of the Hibati scheme is that customers are also eligible for monthly Mudarabah Profit as per the declared profit-sharing weightage.

The Hibati savings scheme helps customers realise their aspirations, while also boosting the savings culture in Oman. The Hibati account benefits include attractive Mudarabah profit rates, cash prizes through draws, Visa debit card, no minimum balance charges and eBanking facilities. Launched in 2018, Hibati has boosted awareness for Islamic Banking in Oman and has seen excellent response from customers. 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. 

Liked this story? We’ll send you more. Subscribe to TAS newsletter and get stories delivered to your inbox. Click to get started.

Show More

Related Articles