MUSCAT-Meethaq Islamic Banking from Bank Muscat, has announced the countdown for its upcoming End-of-Year grand draw, where 5 high-value prizes amounting to RO 300,000 will be given away.
Meethaq is at present conducting a special campaign to increase customers’ awareness to participate in the upcoming Hibati End of Year grand draw.
Customers can increase their savings in the Hibati account to get more chances to win any of the attractive cash prizes.
Amor Said Al Amri, Senior Regional Manager, Meethaq Branches.
Speaking on the occasion, Amor Said Al Amri, Senior Regional Manager, Meethaq Branches said, “We are delighted to see strong participation from Meethaq’s esteemed customers in all the Hibati draws throughout the year.
"On behalf of Meethaq, I would like to express our sincerest appreciation to all our customers for placing their trust and strong confidence in the bank’s services and products.
"As part of the grand draw, Meethaq is offering four prizes of RO 50,000 each and one grand prize of RO 100,000, which is the biggest year end prize amount by any Islamic Bank to window this year/
"Five lucky winners will be chosen from amongst all Hibati customers. We wish all the very best to our customers in this special draw,”He said.
Based on the Sharia concept of unrestricted Mudarabah, the cash prizes offered under Hibati’s 2021 prize draw scheme are ‘Hiba’ (gift) from Meethaq to its customers and are paid out of Mudarib’s (shareholders’) own sources.
The cash prizes are in addition to the profit share of Investment Account Holders (IAHs) in the General Mudarabah Pool as per the declared profit rates.
Based on the concept of Mudarabah, customers with Hibati Savings Accounts enjoy a variety of benefits with Meethaq Islamic Banking, which include competitive profit rates, attractive cash prizes draws, Visa Debit Card, world class digital banking facilities with no minimum balance charges.
Meethaq ensures that each and every product goes through the process of Shari’a compliance certification by the Shari’a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman.
Since its launch in 2018, the Hibati Savings Scheme has grown rapidly to become one of the biggest cash prize scheme in Oman offering special quarterly, National Day and Omani Women’s Day cash prizes in addition to the weekly draws which rewards 100 winners every week throughout the year.
In total, cash prizes worth more than RO 1.5 million are being given away in 2021 to as many as 5,331 winners. (TimesofOman)