(MENAFN - Muscat Daily) The Meethaq Shari'a Supervisory Board conducted its fourth and final meeting of 2013 to discuss the strategy for the coming period, especially Meethaq products in the pipeline as well as contracts and agreements relating to these products.
The meeting was attended by Sheikh Essam Muhammad Ishaq, Sheikh Essam Muhammad Ishaq, Sheikh Majid Al Kindi, Abdulqader Thomas and Dr Saeed al Muharrami.
Sulaiman al Harthy, group general manager, Meethaq Islamic Banking, said, ''The board discussed many important topics such as new product contracts and Meethaq workflow. Meethaq is proud to have on board some of the brightest minds on Islamic finance to chart the way forward.''
Harthy thanked all board members for their insight and efforts to ensure the Meethaq workflow is fully Sharia compliant.
''The Shari'a board has made valuable contributions in establishing Meethaq as the leading Islamic banking services provider in Oman,'' he added.
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, a press release said.
Every Meethaq product and service goes through a process of Shari'a compliance certification by the Shari'a Supervisory Board in line with the guidelines of the Central Bank of Oman (CBO). <