Meethaq forum spotlights Oman economy

(MENAFN- Muscat Daily) The Bank Muscat's Islamic banking window Meethaq hosted a business forum which highlighted the emerging global trends including oil prices. 

The forum was addressed by prominent academicians and businessmen who discussed the implications of the emerging trends poised to determine the future development polices in Oman. Dr Hatim al Shanfari of the Sultan Qaboos University made a presentation on trends in global oil prices a press release said.

Sulaiman al Harthy group general manager of Islamic banking said 'Meethaq is proud to host a business forum as part of initiatives reflecting the bank's commitment to responsible banking aimed at contributing to the country's development. Islamic banking in the sultanate is contributing to the growth and development of the banking sector in Oman and the forum underscored the need to be well prepared to sustain this contribution to Oman's economy in light of the emerging trends.'

He added 'Meethaq strives to fulfil the needs of customers with innovative Sharia'a-based products and is well-positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole.'

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.

Every Meethaq product goes through the process of Sharia'a compliance certification by the Shari'a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman the press release added.