Meethaq Named Best Islamic Digital Bank 2025 by Global Finance Magazine

Meethaq Islamic Banking, the dedicated Islamic banking arm of Bank Muscat, has been awarded the Best Islamic Digital Bank 2025 by Global Finance Magazine, recognising its leadership in delivering Sharia-compliant digital banking services.

The award acknowledges Meethaq's investment in mobile-first account management, digital financing, and Islamic investment products that provide customers with a modern banking experience within a Sharia-compliant framework. Global Finance's selection process evaluates digital capabilities, product innovation, and customer experience across Islamic banking institutions worldwide.

Meethaq operates as Bank Muscat's Islamic banking window, giving it access to the parent bank's technology infrastructure and customer network while maintaining dedicated Islamic banking governance. This model has allowed Meethaq to benefit from Bank Muscat's substantial technology investments while focusing its product design on Sharia-compliant structures.

The digital banking capabilities recognised in the award include Meethaq's mobile app, which provides Islamic banking customers with the same level of digital functionality available to Bank Muscat's conventional banking customers. The parity of digital experience across conventional and Islamic products has been a strategic priority.

The recognition reinforces Bank Muscat's dominant position in Oman's Islamic banking sector, where Meethaq competes with dedicated Islamic banks and other conventional banks' Islamic windows. The digital banking award adds a technology dimension to Meethaq's competitive positioning.

The award comes during a period of rapid digital development in Oman's banking sector, with multiple banks launching new digital capabilities and the CBO establishing regulatory frameworks for digital banking and open banking.