Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, yesterday launched the first-of-its-kind Sharia compliant car finance product in the Sultanate based on the Islamic financing mode of Murabaha.
Sulaiman Al Harthy, Group General Manager (Islamic Banking), said: “Meethaq is proud to launch the innovative car finance as part of its focus to take the lead in offering a suite of banking products, which combine traditional values with modernity. Meethaq has adopted the best practices in Islamic banking and finance worldwide to combine a robust model which will protect customers and complement the Islamic banking industry………………………………………..Full Article: Source