Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, will host a series of seminars and workshops in different parts of the Sultanate in partnership with Glory Makers Centre, under the title of ‘Changing yourself in Ramadan’.
The seminars will be held with the aim of enhancing awareness on a number of humanitarian and cultural aspects among the Omani society, and will be conducted by renowned professors and lecturers.
The first seminar will be held tomorrow at the Sultan Qaboos Grand Mosque in the Governorate of Muscat and will be conducted by Walid Al Saidi. Another lecture will be held at the Omani Women’s Association in Sohar and will be delivered by Bakheet Al Shibli. A third lecture will be conducted at the Al Yahmadi mosque, Ibra by Ahmed Al Aisari.
Sulaiman Al Harthy, group general manager (Meethaq Islamic Banking), said: “We would like to extend our warmest wishes on the occasion of the Holy Month, and we take this opportunity to thank all the participating lecturers as well as the government authorities and private parties that have partnered with us to make this programm possible.
“Meethaq is committed to take part in all activities that help in creating awareness among the public on certain important cultural and religious matters.”
Meethaq has adopted the best practices in Islamic banking and finance worldwide to combine a robust model which protects customers and complements the Islamic banking industry. The Meethaq strategy is to attract customers through innovative Sharia-based products and services.
The operations are managed by an experienced team, separate from conventional banking.
Islamic banking
Bank Muscat is the first commercial bank in the Sultanate of Oman to launch independent Islamic banking window operations.
The bank has invested in staff, systems and controls to ensure the service is delivered in a professional, segregated and fully Sharia-compliant manner.
Meethaq is well positioned to provide Islamic financial expertise to diverse segments, and thereby promote the good of society as a whole. Meethaq stands out for its independent Sharia Supervisory Board, separate capital allocation from shareholders’ money, unique risk management tools, complete fund segregation, separate books of account, core banking system which supports Islamic banking operations, stand-alone Islamic banking branches and proper profit distribution mechanism among investment account holders/depositors.
The adoption of AAOIFI standards (Accounting & Auditing Organisation for Islamic Financial Institutions) distinguishes Meethaq Islamic banking practices in terms of standardisation of products and services.
**This article was published by Times of Oman. Read the original article here.
