Meethaq wins Best Islamic Retail Banking window in Oman award

Muscat: Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in recognition of outstanding achievements, has won the Critics’ Choice Best Islamic Retail Banking window in Oman 2017 award.
Sulaiman Al Harthy, deputy chief executive officer – Islamic Banking, received the prestigious award at the ceremony held in Dubai in the presence of dignitaries and senior Islamic banking officials from the region.
Sulaiman Al Harthy said: “Meethaq is proud to win the IRBA Critics’ Choice award. Within four years of operations, Meethaq has consolidated its leadership position, recording many achievements contributing to the overall growth and development of the Sultanate. At a time when the role of Islamic finance is increasingly seen in supporting economic and social development, Meethaq remains committed to initiatives contributing to sustainable development in Oman.”
The IRBA awards celebrate the success stories and best practices in Islamic banking and finance, with a view to strengthening the global Islamic financial services industry. The IRBA award is hosted in association with Cambridge IF Analytica, a UK-based financial think tank. The awards in different categories are based on a rigorous efficiency analysis conducted by Cambridge IF Analytica whereas a Critics’ Choice Committee (CCC) comprising industry experts and academicians decides the Critics’ Awards.
Within four years of operations, Meethaq has crossed a milestone of over OMR1 billion in assets. Presently, Meethaq accounts for over 33% market share in terms of assets and is the market leader in Islamic banking in Oman. Meethaq has many achievements contributing to the growth and development of the Sultanate’s economy. Meethaq extends support to all key economic sectors in the Sultanate.
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 Shari’a based products and services. Meethaq maintains a leadership position in the Islamic banking industry in Oman in terms of financing receivables, branch network, products and services, IT infrastructure and human resources.
In recognition of outstanding achievements in Islamic banking, Meethaq has won prestigious local, regional and global awards by Global Finance, Global Islamic Finance, Islamic Business & Finance, and Islamic Finance News (IFN). The success of Meethaq stems from its commitment to offer world-class Islamic banking service to customers.