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Business News

Meethaq opens new branch in Suwaiq in North Al Batinah

Meethaq Islamic banking from Bank Muscat has opened its 24th branch in Oman in the Wilayat of Suwaiq in the Governorate of North Al Batinah.

TAS News Service

Monday, April 26, 2021

MUSCAT: In line with the bank’s vision “To serve you better, everyday” and to enhance its world-class Islamic banking experience for the benefit of customers in all parts of the Sultanate, Meethaq Islamic banking from Bank Muscat has opened its 24th branch in Oman in the Wilayat of Suwaiq in the Governorate of North Al Batinah. As the pioneer of Islamic banking in Oman, Meethaq is continuously launching new services and expanding its presence in the country.

Meethaq branches are spread all across the Sultanate, where 12 branches are located in Muscat and 12 in other governorates. The newly-opened Suwaiq branch is located beside the main road before the Suwaiq roundabout in the Batha Al Hilal area. It adds to the bank’s already excellent network of branches and a dedicated network of over 40 ATMs/CDMs across different governorates. The new branch is staffed by well qualified and experienced Omani employees and its normal working hours will be from 8 am to 2 pm (and from 9 am – 1 pm during the Holy Month of Ramadhan). The branch offers a full suite of retail banking operations and services such as home finance, auto finance and other retail facilities are compatible with the principles and provisions of Islamic Sharia’a. It also has The Hafawa Centre for the benefit of Meethaq’s Premium Banking customers.

Speaking on the occasion, Amor Said Al Amri, Head of Retail Branches, Meethaq, said: “We are delighted to open our latest branch in the Wilayat of Suwaiq in North Al Batinah which comes part of our role as a leading Islamic financial services provider in the Sultanate. This branch, which includes The Hafawa Centre, will further improve the reach and accessibility for our valued customers and has been opened in line with the customer-centric vision of the bank. Our customers in Suwaiq and surrounding areas can benefit tremendously from all the banking services and products available through this branch including opening of bank accounts, provision of bank cards and financing facilities.”

Meethaq Islamic Banking continues to maintain its industry-leading position in terms of asset size, deposit base and profitability as well as branch network and distribution channels. It already has several branches spread across the country including at the Bank Muscat Head Office, Al Ghubra, Muttrah, A’Seeb, Qurum, Al Khoudh, Al Khuwayr, Salalah, Ibra, Sohar, Saham, Barka, Amerat and 18 November Street. Branches also operate in Nizwa, Bahla, Buraimi, Sinaw and Ibri, apart from a branch on the campus of the Sultan Qaboos University in response to the tremendous public demand for banking products and services based on Sharia’a principles.

Meethaq Islamic banking provides several value-added services and exclusive lifestyle privileges to its customers, complementing a world-class banking experience. As the pioneer of Islamic banking in the Sultanate, Meethaq has adopted best practices in Islamic banking and finance worldwide to provide a robust model that benefits its customers. Every Meethaq product goes through Shari’a compliance certification by the bank’s Shari’a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman