In line with its commitment to promoting a good savings habit among the public, Meethaq Islamic Banking from Bank Muscat, has announced that all customers opening new salary accounts will be eligible to earn 10 percent of their salary, maximum up to OMR 500, as a one-time Cash Bonus. It must be noted that any individual customer having a salary will be eligible to take part in this campaign on a ‘first come, first serve’ basis without any restrictions on minimum salary amount. The scheme is applicable for both Omani and Expat customers. The applicable cash bonus will be credited to the customer savings account within 15 days of receiving the first salary credit. If a customer has two salaries, and he/she transfers both of them separately, then he/she will get two cash bonuses under this campaign.

Additionally, customers transferring their salary to a Meethaq account are also eligible to avail a host of offers and services in addition to a one time Salary Cash Bonus. These include attractive Mudarabah profit rates offered for savings account deposits with profits being paid each month, free ATM withdrawals for Meethaq customers on any Bank ATMs in Oman without any withdrawal fees and free Life Takaful coverage up to RO 50,000 offered through Al Madina Takaful Company.

Customers may also take advantage of Meethaq’s latest edition of Hibati Savings scheme based on Shari’a rules and principles to open a salary credit account. The 2021 Hibati scheme includes 100 weekly prizes of OMR 100 each and will also feature Quarterly, Mid-year and End of Year Grand draws as well as special draws for the 51^st  National Day prizes of OMR 1,000 each and 30 Omani Women’s Day prizes of OMR 1,000 each.  Prizes totaling over OMR 1.5 million will be given away to a record number of 5,331 winners in 2021.

With its innovative Shari’a based products, Meethaq extends support to all key economic sectors and is well positioned to provide sustained Islamic financial expertise promoting the good of the society as a whole. In addition to offering a full suite of Islamic banking products and services, including savings account, current account, home finance, auto finance, credit card, corporate banking solutions, mobile banking and internet banking, Meethaq has also heavily invested in its staff, systems and controls to ensure Meethaq’s services and products are delivered in a professional, segregated and fully Shari’a compliant manner. Every Meethaq product goes through Shari’a compliance certification by the Bank’s Shari’a Supervisory Board and is developed in line with the guidelines of the Central Bank of Oman.