Meethaq Islamic Banking

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Key details

Launch: 2013

Overview

Meethaq Islamic Banking is Bank Muscat MSX: BKMB Islamic banking window + Bank Muscat Omani parent SAOG ~100%+ controlling + Oman's largest Islamic commercial banking window by assets within Bank Muscat parent + founded 2013 as Bank Muscat's Islamic banking window arm in Muscat Oman [1, om-cro].

History

2013 — Meethaq Islamic Banking founded as Bank Muscat's Islamic banking window arm in Muscat Oman under Sultanate of Oman 2012 Islamic Banking Regulatory Framework allowing Islamic banking windows within conventional commercial banks distinctive Omani Islamic banking heritage.

Ownership & operator

Operating entity: Meethaq Islamic Banking (Bank Muscat Islamic banking window).

Major shareholders: Bank Muscat (MSX: BKMB; Omani commercial bank) ~100%+ controlling.

Regulators: Central Bank of Oman CBO.

Technical integration

Meethaq mobile app (iOS + Android) + meethaq.bankmuscat.com online + Meethaq Islamic banking window branches across Oman + Meethaq Visa + Mastercard cards (Islamic-compliant); EMVCo QRCPS QR payments + OmanPay QR (Omani national QR payment scheme) + Omani Rial OMR domestic transfers.

Implementations & partners

Parent group: [[bank-muscat]] (Bank Muscat; MSX: BKMB; Oman's largest commercial bank by assets; ~2M+ Bank Muscat customers).

Major Omani Islamic banking competitors: [[bank-nizwa-oman]] (Bank Nizwa; MSX: BKNZ; Oman's first standalone Islamic commercial bank) + [[alizz-islamic-bank]] (Alizz Islamic Bank; MSX: BKIZ; Omani Islamic commercial bank).

Regulators: Central Bank of Oman CBO.

Status

Active, Bank Muscat MSX:BKMB Islamic banking window + Bank Muscat Omani parent SAOG ~100%+ controlling + Oman's largest Islamic commercial banking window by assets within Bank Muscat parent + founded 2013 as Bank Muscat's Islamic banking window arm in Muscat Oman [1, 2].

Sources

1 Meethaq — official
2 Meethaq — via Bank Muscat — Wikipedia
om-cro In-corpus: reports/countries/OM-oman.md

Source

Biography extracted from meethaq.md. See matrix.md for standards-support matrix if present.