Sunday, May 09, 2021

Business News

Meethaq’s 5% cashback campaign to benefit credit cardholders

The special promotion will be valid until 31 May 2021.

TAS News Service

Monday, May 3, 2021

MUSCAT: In line with its customer-centric vision, Meethaq Islamic banking from Bank Muscat has launched an attractive 5% cash-back promotion on credit card transactions for the Holy Month of Ramadhan. All Meethaq Standard / Titanium and Hafawa credit cardholders (except Meethaq-LuLu cardholders) are eligible to participate in the promotion, which offers cashbacks of up to RO 10 per month for credit card Point of Sales (PoS) grocery purchase transactions. The special promotion will be valid until 31 May 2021.

Meethaq credit cards are a big hit with customers thanks to some of the best deals and rewards in the country. They provide customers with convenience and flexibility in making day-to-day transactions at shopping malls, restaurants or at international destinations. In addition, Meethaq credit cards come with an array of features and benefits which include wide acceptance, contactless payments, 24/7 customer service, OTP service for secured online transactions, SMS alerts for transactions and up to 52 days of payment grace period. Current Meethaq credit card offerings are the recently launched Meethaq-LuLu co-branded credit card, Hafawa Visa Signature credit card, the Titanium Mastercard credit card and the Standard Mastercard credit card with each of the card types availing different features and benefits suited for the needs of its various customer segments. All Meethaq credit cards are based on the concept of Ujrah without any interest charges as per Shari’a rules and principles. 

Meethaq has enabled various options to make secure payments worldwide and is a preferred electronic payment services provider in Oman’s Islamic banking sector. The bank encourages the use of credit cards, which allows individuals to spend in a disciplined manner and keep track of all their transactions through electronic monthly statements.

Meethaq extends support to all key economic sectors with innovative Shari’a based products. It is well positioned to provide Islamic financial expertise to all segments and thereby promote the good of society as a whole. Meethaq Islamic Banking, which has been recognised as the Best Islamic Bank in Oman previously by Islamic Finance News, has adopted the best practices in Islamic banking and finance. 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.