MUSCAT: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in line with the bank’s vision ‘To serve you better, everyday’ is offering exclusive solutions for its ultra-high net worth clients.  The Hafawa Private Banking proposition is built on the strong foundations of Meethaq Islamic Banking.

Meethaq Hafawa Private Banking is defined by its commitment to provide privileges and solutions specifically designed to meet the exclusive financial and lifestyle goals of the Ultra High Net Worth Individuals (UNHIs). Being the leading Private Banking proposition in Oman based on Shari’a principles, Meethaq Hafawa Private Banking places great emphasis on developing long-term relationships with its customers who are served through exclusive Hafawa Centers across the length and breadth of the Sultanate. All Hafawa Private Banking clients are also assigned a dedicated Relationship Manager who provide personalized wealth management and financial advisory services. 

Meethaq Hafawa has launched several innovative products, solutions and services since its launch for the benefit of its Private Banking clients. These include easy access to a Global Sukuk Fund, customized wealth management solutions, access to a large number of benefits including complimentary access to more than 1,000 airport lounges, complimentary life Takaful on Savings Account equal to the savings deposit, complimentary annual Family Travel Takaful Cover, daily ATM withdrawals up to RO 1,500, complimentary chauffer service to and from Muscat International Airport up to six times a year, toll free access to a Global Concierge Service, more than 1,500 “Buy 1 Get 1 free” offers through the Hafawa Entertainer App and merchant discounts across fine dining, entertainment, leisure, beauty and wellness segments.

Meethaq Hafawa Private Banking customers are also eligible for the Hafawa Visa Signature Credit Card, which is based on the Shariah-compliant concept of Ujrah. The Hafawa Visa Signature Credit Card offers up to 52-days profit-free credit period and is accepted worldwide at more than 30 million locations. Cardholders are also provided coverage against accidental damage or loss and this coverage extends to goods purchased online. In addition, Hafawa Visa Signature Credit cardholders have access to value-added benefits at over 900 luxury hotels around the world including automatic room upgrades (subject to availability), free in-room Internet and Valet parking, complimentary continental breakfast, late checkouts, VIP Guest status and vouchers for free food and beverages. 

Meethaq adopts the highest standards of professionalism conforming to Shari’a principles and internationally accepted best practices in Islamic banking including those of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Every Meethaq product is certified by the bank’s Shari’a Supervisory Board for compliance with Shari’a principles and is created in line with the guidelines of the Central Bank of Oman.