The Sharia Supervisory Board of Meethaq Islamic Banking from Bank Muscat convened the first meeting for the year 2014 under the chairmanship of Sheikh Dr Ali Qaradaghi, in the presence of members - Sheikh Essam Muhammad Ishaq, Sheikh Majid al Kindi, Abdulqader Thomas and Dr Saeed al Muharrami.
"The board has made valuable contributions in establishing Meethaq as the leading Islamic banking services provider in Oman," he added.
world-class Islamic banking experience in line with the brand values of true Partnership, Transparency and Trust.
The board, which approved the balance sheet for the fiscal year ending in 2013, also reviewed Meethaq activities during 2013 and discussed the strategy for the coming period, especially products in the pipeline, as well as contracts and agreements relating to these products.
Sulaiman al Harthy, group general manager - Meethaq Islamic Banking, said, "The first Meethaq Sharia Supervisory Board meeting for 2014 discussed many important topics such as new product contracts and Meethaq workflows. Meethaq is proud to have on board some of the brightest minds on Islamic finance to chart the way forward."
Harthy thanked all the board members for their contributions to ensure the Meethaq workflow is fully Sharia compliant.
Meethaq is well positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole, a bank press release said, adding that Meethaq plans to open branches in all the major cities and towns across Oman and thereby offer a
Bank Muscat is the first commercial bank in Oman to obtain CBO approval to launch Islamic banking window operations. The bank has invested in staff, systems and controls to ensure the service is delivered in a professional and fully Sharia-compliant manner, said the release.
Meethaq offers a full suite of Islamic banking products, including savings account, current account, home and auto financing, credit card and mobile banking.
© Muscat Daily 2014
http://www.zawya.com/story/Meethaq_Sharia_board_reviews_operations-ZAWYA20140309051948/
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