The Ministry of Awqaf and Religious Affairs signed a memorandum of understanding with Meethaq Group for Islamic Banking at Bank Muscat. Shaikh Abdullah bin Mohammed al Salmi, Minister of Awqaf and Religious Affairs, signed the MoU on behalf of the Ministry, while Sulaiman bin Hamad al Harthy, Director-General of Meethaq, represented his institution.
The MoU states that the Ministry will open a banking account for Islamic banking at Meethaq, which will in turn facilitate the collection and distribution of alms funds by utilising all possible mechanisms and channels, including the running of a branch network, ATMs, internet banking, phone banking and Awqaf shares. ……………………………………….Full Article: Source