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Meethaq offers key support to SMEs
Times News Service
September 22, 2013 , 10 : 07 am GST
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Sulaiman Al Harthy. Photo — Supplied
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, hosted a seminar on Islamic finance for small and medium enterprise (SME) sector, coinciding with the inauguration of Meethaq branch in Nizwa. Dr Shaikh Khalifa bin Hamed al Saadi, Governor of Dakhiliyah, was the guest of honour at the seminar attended by dignitaries and senior bank officials.
Sulaiman Al Harthy, Group General Manager - Islamic Banking, said: "In line with the progressive policies pursued by the government, Meethaq is proud to take the lead in offering key support to SME development in Oman. Meethaq is well positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole. Meethaq is committed to supporting the creation of an efficient and effective private sector capable of participating in the economical and social development process and able to compete globally. The Islamic finance industry is growing inthe Sultanate of Oman and this is a great opportunity to contribute to the overall development of Oman."
Sheikh Majid Al Kindi, member of Meethaq Shari'a Supervisory Board, highlighted important aspects of Islamic banking from the Shari'a perspective. He spotlighted the importance of Islam in the socio-economic development of Oman and the wider Muslim world and the new era of Islamic financial intelligence in the growing field of alternative banking and finance.
Sheikh Majid Al Kindi said: "The SME seminar assumes significance in the context of Oman addressing the requirements of youth representing more than 50 per cent of the country's population, and ensuring development benefiting communities in all parts of the country. Meethaq is committed to supporting SMEs which have a big role to play in Oman's economy as the country is witnessing a gradual shift towards SMEs."
Meethaq strives to fulfill the needs of customers with innovative Shari'a based products and the extension of the branch network is yet another proof of its commitment and dedication to meet customer expectations for Islamic banking.
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