Oman- Meethaq Shari'a board reviews operations

(MENAFN- Muscat Daily) The Shari'a Supervisory Board of Bank Muscat's Meethaq Islamic Banking met for its third meeting of 2014 at Salalah Hilton Hotel under the chairmanship of Sheikh Dr Ali Qaradaghi and in the presence of members - Sheikh Essam Muhammad Ishaq Sheikh Majid al Kindi Abdulqader Thomas and Dr Saeed al Muharrami. 

The board reviewed the financial performance and activities 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 at Meethaq said 'The third Meethaq Shari'a Supervisory Board meeting 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 contributions to ensure the Meethaq workflow is fully Sharia'a compliant. 'The Shari'a board has made valuable contributions in establishing Meethaq as the leading Islamic banking services provider in Oman' he added.

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 on Sunday.