Meethaq, Zubair SEC To Support Entrepreneurs With Islamic Finance

Muscat — Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Zubair Small Enterprises Centre (Zubair SEC), signed a Memorandum of Understanding (MoU), to extend support to entrepreneurs and owners of small businesses and maximise successful entrepreneurial channels in the Sultanate.

The MoU was signed at the Zubair Corporation headquarters in Athaiba by Sulaiman al Harthy, Group General Manager — Islamic Banking, and Mohammed Al Hasani, Chief of Communications Officer of Zubair Corporation , in the presence of top management executives from both sides.

Sulaiman al Harthy said: “Meethaq is proud to join hands with Zubair SEC to provide Islamic finance for SMEs in Oman. The main objective of the bank’s SME strategy is to complement the government efforts in empowering entrepreneurs to chart successful business ventures by providing necessary training, guidelines, tools etc. The partnership with Zubair SEC marks a clear progression of the well defined strategy pursued by the bank in line with the directives of His Majesty Sultan Qaboos to support the SME sector and strengthen its role in the economic development of Oman.”

Al Harthy added: “Meethaq strives to fulfil the needs of customers with innovative Sharia based products and is well positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole.”

Commenting on the MoU, Mohammed al Hasani said: “Today we are adding significant value to the system that we have been building for entrepreneurs and owners of small businesses in the Sultanate. This facility has been evolving and developing based on the close attentiveness to the needs of Zubair SEC’s members and the market demand. What we always aim for is to cater to entrepreneurs’ needs with all our capacity and reach. Hence, the partnership with Meethaq Islamic Bank has been very well received by our members and brings a new perspective to the “access-to finance” that we try to facilitate for them through our network of strategic partners.”

Originally published on www.zawya.com